In a press release, the Democrat said he would seek to terminate TitleMax’s lease at 5265 Lee Highway, should that building be included in a land swap between its owner, Virginia Hospital Center, and Arlington County.
Dorsey has also launched an online petition, asking residents to support him in his call to “do all we can to protect Arlingtonians from predatory lending practices.”
The press release from Dorsey’s campaign:
Christian Dorsey, a Democratic nominee for the Arlington County Board, attended a public forum on Wednesday at the Virginia Hospital Center discussing the process for a potential deal between Arlington County and the hospital for County-owned land adjacent to the hospital’s property. One potential deal includes a land swap, where Arlington County would acquire property currently owned by the hospital on the corner of Lee Highway and North George Mason Drive. That property is currently being leased by TitleMax, Inc., a predatory vehicle title lender.
Should Arlington acquire the property, Dorsey committed to opposing any lease renewal for TitleMax. He went further by promising to explore all possible ways to terminate the lease early in the case that Arlington becomes the owner of the property.
“Predatory lenders charge desperate families up to 264% interest on loans,” said Dorsey. “Arlington County should not be in the business of profiting off of those that prey on our most vulnerable populations. That’s why I will oppose any extension of the lease to TitleMax should Arlington acquire the property. Further, I will pursue all avenues that would allow us to terminate that lease upon acquisition of the land.”
“Predatory lending runs counter to our values here in Arlington,” continued Dorsey. “Richmond should be ashamed that they allow these businesses to operate with so little regulation. Charging over 260% interest on a car title loan should not be permissible under any circumstances, and I’ll do everything in my power to stop these businesses from preying on Arlington’s vulnerable working families.”
Take a tour of the Courthouse neighborhood and explore two local favorites of Sallie Seiy, your guide in the latest Neighborhood Spotlight.
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
The Arlington County Board and the Human Rights Commission are at odds over whether commissioners had the right to request an investigation into possible human and civil rights violations at…
Expanded renovated 4 BR 3 bath with garage in Cardinal Swanson Yorktown pyramid
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🎉 Tonight, we invite you to the French Riviera, one of the most exciting places on earth – without ever boarding a plane! And celebrate Mardi Gras and the Carnival of Nice on French soil as we welcome you to a special evening at the Embassy of France!
From the elegance of classical French culture to the most celebrated Rivera nightlife of the 21st Century, experience a special evening of fantastic French food, wine, music, and ambiance.
Enjoy the flavors of Nice, Monaco, and St. Tropez in the beautiful and festive Maison Francaise at the French Embassy.
🍽️ On the Menu: Delicious French food
Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop on the topic of “down-sizing” at their office on Cherry Hill Rd. (formerly Lee Highway) in Arlington on Thursday, February 29 from 5:30PM-7:00PM.
Every great endeavor