AEL Title loans

Crime

Car Loan Company Brought Down By PA Atty General Over Illegal Interest Rates

Written by Alex Lloyd Gross, May 22, 2023

HARRISBURG – Attorney General Michelle Henry today announced a settlement with a Delaware-based title loan company that levied illegal interest rates — with some borrowers paying more than 200% in annual interest.   As a result of the OAG’s recent settlement, Auto Equity Loans of DE, LLC (“AEL”) will refund $705,000 in unlawful interest charges…