State
Arizona
Arizona
Oasis Title Loans, LLC
Enforcement, Payday Loans, Small-Dollar Lending
The CFPB sued five Arizona auto title lenders because the companies allegedly “didn’t disclose the annual percentage rate on their loans in ads” and would advertise lower rates instead. The loans were “targeted to borrowers with low credit scores” and would force many customers into cyclical debt, unless they were willing to risk losing their vehicle.
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