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New data shows car title loans big business in Va

By Michael Felberbaum
Published
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RICHMOND, Va. (AP) — New data from state regulators shows that car title loans are big business in Virginia.

For years, regulators had no idea how many car title lenders operated in the state, how much interest they charged or how many loans they issued. Now the nearly 380 car title lending locations across Virginia are coming under closer scrutiny.

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