Feds: One in five auto title borrowers have cars seized

Published May 18, 2016 4:01am ET



People who take out auto title loans often end up losing their vehicles, according to a new study from the Consumer Financial Protection Bureau that casts the industry in a negative light.

One of every five borrowers of single-payer auto title loans have their car or truck seized by the lender, according to the study of loan records.

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