The Illinois Predatory Lending Prevention Act was recently signed into law by Gov. J.B. Pritzker. The legislation had support from organizations around the state, but critics say the law could shut down the payday lending industry in Illinois, leading to a host of bigger problems.
Mar 12, 2021 |
Legislation awaiting the governor’s signature could shut down the payday lending industry in Illinois, but payday proponents say that could lead to a host of bigger problems.