Bill would cap interest on title loans (The Wichita Eagle)

Capping interest on car-title loans would help prevent people from getting trapped in "a downward spiral" of debt, supporters of a measure told lawmakers Wednesday. But House Bill 2245 is unnecessary, title loan supporters told the House Federal and State Affairs Committee. The short-term loans provide people with a needed option for money and aren't "predatory loans," they added. "I don't ...