A guideline to produce these loans less problematic has been put on hold—possibly forever

A guideline planned to enter influence on August 19 that could make vehicle name loans a less dangerous trip has been delayed for 15 months by the customer Financial Protection Bureau.

These loans, for which borrowers set up their vehicle as security, can indeed be hazardous. One in nine automobile name borrowers fall behind on payments and also their vehicles repossessed, according to a 2015 study that is pewPDF). Read more