Tighter guidelines for name pawns in Georgia just simply just take another action

Tighter guidelines for name pawns in Georgia just simply just take another action

The Georgia State Capitol Building in Atlanta.

ATLANTA — Georgia lawmakers have actually advanced legislation to cap rates of interest charged by the state’s auto-title pawn industry that customer advocates claim trap low-income families with unjust financing methods.

Title pawns proliferated into the state following a crackdown a lot more than a ten years ago on old-fashioned payday lending, in which cash-strapped people who have bad credit remove tiny loans at high interest levels. Continue reading “Tighter guidelines for name pawns in Georgia just simply just take another action”