Governor Signs Illinois Payday Loan Bill

Illinois Governor J.B. Pritzker has signed a measure that’s expected to end the payday loan industry in Illinois. The Predatory Loan Prevention Act will cap interest rates at 36% on …

States Step Up Payday Loan Regulations

Feb. 26, 2021 Lacking a strong federal effort, states are stepping up to crack down on predatory payday lending, the easy-to-get but hard-to-repay loans that often trap consumers in a …

States Trying to Rein In Payday Loans

Illinois is the latest state to attempt to put a cap on consumer loans, responding to federal agencies easing regulations on predatory, high-cost lending including payday and car title loans. …