-
LEWISBURG, W. Va (PRESS RELEASE)– West Virginia Division of Highways announces a one-lane closure on US 219 in Lewisburg.It will be from 6:00 AM to 4:30 PM daily, starting Monday, May 20 through Friday,More >> LEWISBURG, W. Va (PRESS RELEASE)– West Virginia Division of Highways announces a one-lane closure on US 219 in Lewisburg.It will be from 6:00 AM to 4:30 PM daily, starting Monday, May 20 through Friday,More >> ABBS VALLEY (WVVA) - A young member of the region's bear population found himself in need of rescue Wednesday after an attack by dogs in Tazewell County. Residents in Abbs Valley were able to get theMore >> WAYNESBORO Va. (WVVA) - A bear cub that was saved from a dog attack in the Abbs Valley area of Tazewell County has arrived at his temporary home -- a Virginia wildlife center. Amanda Nicholson of theMore >> BLUEFIELD, W.Va (WVVA) -- Kids in Southern West Virginia had a chance to meet West Virginia University's mascot. The mountaineer visited several schools in the area to meet students, teach them a WVUMore >> BLUEFIELD, W.Va (WVVA) -- Kids in Southern West Virginia had a chance to meet West Virginia University's mascot. The mountaineer visited several schools in the area to meet students, teach them a WVUMore >> BLUEFIELD, W.Va (WVVA) -- In honor of National EMS week, the Bluefield Rescue Squad held a cook out Wednesday for first responders and their families. The squad grilled out steak and chicken for everyoneMore >> BLUEFIELD, W.Va (WVVA) -- In honor of National EMS week, the Bluefield Rescue Squad held a cook out Wednesday for first responders and their families. The squad grilled out steak and chicken for everyoneMore >> BECKLEY (WVVA) - A mother and stepfather accused in the death of a toddler are among those who have been indicted by a Raleigh County Grand Jury. A total of 89 indictments were handed down during theMore >> BECKLEY (WVVA) - A mother and stepfather accused in the death of a toddler are among those who have been indicted by a Raleigh County Grand Jury. A total of 89 indictments were handed down during theMore >> CHARLESTON, W.Va. (AP) -- A former hospital executive will soon head West Virginia's Department of Health and Human Resources. Gov. Earl Ray Tomblin named Karen Bowling on Wednesday to his Cabinet effectiveMore >> CHARLESTON, W.Va. (AP) -- A former hospital executive will soon head West Virginia's Department of Health and Human Resources. Gov. Earl Ray Tomblin named Karen Bowling on Wednesday to his Cabinet effectiveMore >> LEWISBURG, W.Va. (AP) -- Greenbrier County's prosecutor is seeking a life sentence for a man convicted of torching several vehicles at a West Virginia State Police barracks. Prosecutor Patrick Via saysMore >> LEWISBURG, W.Va. (AP) -- Greenbrier County's prosecutor is seeking a life sentence for a man convicted of torching several vehicles at a West Virginia State Police barracks. Prosecutor Patrick Via saysMore >> PARRIS ISLAND (WVVA) - WVVA's Caroline Bach got hands-on experience in Marine training while at Parris Island. In the above Web Extra videos, watch as Caroline repels down at 47-foot wall, and pulls theMore >> PARRIS ISLAND (WVVA) - WVVA's Caroline Bach got hands-on experience in Marine training while at Parris Island. In the above Web Extra videos, watch as Caroline repels down at 47-foot wall, and pulls theMore >> BLUEFIELD (WVVA) - The annual Cole Chevy Mountain Festival is underway at Bluefield City Park. The festival takes place May 21-27 -- the centerpiece of which is the James H. Drew Carnival, which runsMore >> BLUEFIELD (WVVA) - The annual Cole Chevy Mountain Festival is underway at Bluefield City Park. The festival takes place May 21-27 -- the centerpiece of which is the James H. Drew Carnival, which runsMore >>
RICHMOND, Va. (AP) -- New data from state regulators shows that car title loans are big business in Virginia.
For years, regulators had no idea how many car title lenders operated in the state, how much interest they charged or how many loans they issued. Now the nearly 380 car title lending locations across Virginia are coming under closer scrutiny.
According to data from the State Corporation Commission for the first full year under state regulation, Virginia car title lenders doled out nearly 128,500 loans in 2011 worth more than $125 million.
Last year about 13 percent of borrowers failed to make a monthly payment on a car title loan for at least 60 days. And nearly 60 percent of the more than 8,300 vehicles repossessed were sold by lenders to recoup outstanding loans.
