Car-Title Loans May Come At a High Price

Car-title lending is a relatively new and largely unregulated business. A consumer can get quick cash from a car-title loan business such as TitleMax in exchange for the title to their car.

On these loans, however, interest rates are extremely high, and as reporter Michael Pope of Here & Now contributor WAMU reports, many of these businesses are avoiding regulations designed to protect consumers by offering consumer finance loans.