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Supreme Court of Virginia Sides with Car-Title Lenders
TitleMax, LoanMax and Fast Auto Loans will be able to keep details about their business secret.
How many cars did TitleMax repossess last year? What was the average loan amount for LoanMax? How many judgments did Fast Auto Loans obtain against people who were so hard up for cash that they handed over the title to their automobiles? That’s all information that these companies handed over to state regulators last year. But according to a new ruling from the Supreme Court of Virginia, it’s also information that these companies can keep secret.
Recovering After Disaster
New approach allows disaster loans to become grants, avoiding glut of uncollected debt.
The Small Business Administration has issued more than $1 million in low-interest disaster loans in Alexandria since 1987, and most of those loans were never paid back in full, according to documents received through a public-records request. Now, with the economy in crisis, leaders at the federal officials are rolling out a new loan program that recipients won’t need to pay back in full if they keep their employees during the downturn. The move comes as businesses across Alexandria are trying to figure out how they are going to stay afloat now that Gov. Ralph Northam has ordered residents across Virginia to stay at home until June 10.
Arlington County to Reconsider Financial Commitment to Artisphere
A new sphere of influence at the government-owned arts center.
The future of Artisphere will be either a masterpiece or a dud — opening up the Rosslyn space to an uncertain future.
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