#QuickCashToxicDebt - Twitter Hashtag

Michael Pope @MichaelLeePope

over 3 years ago

Virginia capped interest rates at 36 percent, and all the car-title lending locations shut down #QuickCashToxicDebt

ProPublica

@propublica

over 3 years ago

Title lenders are disproportionately located in communities of color and low-income areas, according to an analysis by @thecurrentga & @ProPublica. Roughly 3/4 are in ZIP codes with incomes below the state’s median income. https://t.co/05ozJE6h9F

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Michael Pope @MichaelLeePope

over 4 years ago

UPDATE: 12,300 borrowers who were harmed by open-end credit lending practices of Allied Cash Advance will begin receiving checks in amounts between $20 and $500 as part of a settlement negotiated by @AGMarkHerring #QuickCashToxicDebt https://t.co/ftwtqteFBp

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Michael Pope @MichaelLeePope

over 5 years ago

Last year, lawmakers passed the Fairness in Lending Act, capping car-title loan interest at 36 percent and instituting a maximum monthly fee of $15. Now locations like this MoneyMax Title Loan are closing up shop #QuickCashToxicDebt https://t.co/NkhP9iLcbX

MichaelLeePope's tweet photo. Last year, lawmakers passed the Fairness in Lending Act, capping car-title loan interest at 36 percent and instituting a maximum monthly fee of $15. Now locations like this MoneyMax Title Loan are closing up shop #QuickCashToxicDebt https://t.co/NkhP9iLcbX https://t.co/p7dUZD4KjB

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Michael Pope @MichaelLeePope

about 6 years ago

High-interest loans will become illegal on New Years Day, but car-title lenders and internet lenders have eight months to engage in an unprecedented lending spree during the worst economic crisis since the Great Depression @AlexGazette #QuickCashToxicDebt https://t.co/nvAGj2w9l8

MichaelLeePope's tweet photo. High-interest loans will become illegal on New Years Day, but car-title lenders and internet lenders have eight months to engage in an unprecedented lending spree during the worst economic crisis since the Great Depression @AlexGazette #QuickCashToxicDebt https://t.co/nvAGj2w9l8 https://t.co/xeYpgv0pES

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Michael Pope @MichaelLeePope

about 6 years ago

Senate approves @GovernorVA amendment speeding up enactment date of new law cracking down on predatory lending. Instead of going into effect in July 2021, #SB421 will limit interest rates to 36 percent starting on January 1 #QuickCashToxicDebt https://t.co/petReEBymD

MichaelLeePope's tweet photo. Senate approves @GovernorVA amendment speeding up enactment date of new law cracking down on predatory lending. Instead of going into effect in July 2021, #SB421 will limit interest rates to 36 percent starting on January 1 #QuickCashToxicDebt https://t.co/petReEBymD https://t.co/6y2alXERol

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Michael Pope @MichaelLeePope

over 6 years ago

Bills to crack down on predatory lending have now passed the House and Senate, but critics of predatory lending are concerned about a bill up for debate in the Senate today that may create new loopholes #QuickCashToxicDebt @WVTFRADIOIQ https://t.co/NzdqZWLclG

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Michael Pope @MichaelLeePope

over 6 years ago

.⁦@delegatebagby⁩ #VAHD74 has a bill he hopes will crack down on what he calls predatory lending, capping all car-title loans and online loans at 36 percent interest #QuickCashToxicDebt ⁦@NPRone⁩ https://t.co/K1Z0p2lyIV

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Michael Pope @MichaelLeePope

over 6 years ago

Closing all the loopholes: Lawmakers consider effort to limit high-interest lenders to 36 percent interest #QuickCashToxicDebt #podcast #VirginiaPublicRadio https://t.co/0ke4KxhSW3

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Michael Pope @MichaelLeePope

over 6 years ago

The days of unregulated high-interest lending may be coming to a close in Virginia. Now that Democrats have seized control, members of @VaBlackCaucus say cracking down on predatory lending is a top priority for 2020 session @AlexGazette #QuickCashToxicDebt https://t.co/gRjWzeWb3o

MichaelLeePope's tweet photo. The days of unregulated high-interest lending may be coming to a close in Virginia. Now that Democrats have seized control, members of @VaBlackCaucus say cracking down on predatory lending is a top priority for 2020 session @AlexGazette #QuickCashToxicDebt https://t.co/gRjWzeWb3o https://t.co/dBZVSNrN2H

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Michael Pope @MichaelLeePope

over 6 years ago

Lawmakers are working on a potential solution to high-interest loans that would cap interest rates at 36 percent and also allow for a monthly fee of as much as $25 #quickcashtoxicdebt @WVTFRADIOIQ https://t.co/SH8HlRV7HN

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Michael Pope @MichaelLeePope

over 6 years ago

Now that Democrats are taking control in the General Assembly, some are hoping this will finally be the year that lawmakers crack down on predatory lending #QuickCashToxicDebt @WVTFRADIOIQ https://t.co/M6tpVDCSie

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Michael Pope @MichaelLeePope

almost 7 years ago

#AlexandriaVA has 8 car-title lending locations and 2 payday lenders, plus a growing number of online lenders. The industry has been under fire in recent years, which have seen an influx of campaign cash #campaignfinance #QuickCashToxicDebt @AlexGazette https://t.co/xsfrZ8eYA2