Your Car is Your Credit: Using Research to Curb Predatory Car Title Lending

Abstract

This article is an edited version of the 2023 Esther Peterson Consumer Policy Forum lecture delivered at the American Council on Consumer Interests annual conference in May 2023. It uses the car title loan product to illustrate the information necessary to improve the credit market for vulnerable consumers. It provides ideas for research that would inform work to reform consumer loans secured by ownership of a vehicle.

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