Bland v. Carolina Lease Management Group et alU.S. District Court Case No. 4:22-CV-33-BO (E.D.N.C.)Court of Appeals, 4th Cir., Case No. 23-1367 This class action challenges exploitative rent to own contracts. Plaintiffs entered into separate rent to own contracts for storage sheds with Carolina Lease Management Group. The agreements provided that after 4 years of monthly…
Read More about Bland v. Carolina Lease Management Group et al
Carolina Lease Management Group v. GreeneNo. 21 CvD 134 (Jones Cty. Super. Ct., N.C.) This case involves a class counterclaim filed in response to a replevin action. The counterclaim alleges that Mr. Greene and hundreds of others like him entered into a rent to own contract for storage sheds with Carolina Lease Management Group. The…
Everything that is wrong with a high-cost loan is only made worse when the loan is larger and the terms are longer.
Read More about 50-State Survey Finds Larger Loans Need Lower Rates
This report surveys the interest rates and loan fees allowed by all 50 states and the District of Columbia for an unsecured 5-year installment loan of $10,000.
Clear Rate Caps that Prevent Evasions are Critical to Protecting Consumers from Unaffordable Loans
Forty-five states and the District of Columbia (DC) currently cap interest rates and loan fees for at least some consumer installment loans, depending on the size of the loan. However, the caps vary greatly from state to state, and a few states do not cap interest rates at all.
