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Veteran legislator now serving on the Illinois Human Rights Commission

Photo caption: Sen. Jacqueline Collins  ....

United States , Northwestern University , Lyndonb Johnson , Jacqueline Collins , Hillaryr Clinton , Martinl King Jr , Neighborhood Housing Services , Human Rights Commission , Greater Auburn Gresham Development Corporation , Governor Racial Profiling Task , Human Trafficking Task , Illinois Community Reinvestment , Spertus College , Outstanding Public Service Award , Illinois Senate , Woodstock Institute , Loyola Chicago School Of Law , Harvard Johnf Kennedy School Of Government , Harvard Divinity School , State Senator Jacqueline , State Senator , Assistant Majority , Racial Profiling Task Force , Human Trafficking Task Force , Criminal Law , Financial Institutions ,

Legislators advocate for lower pawnbroker loan interest rates

Lawmakers are calling for pawnbroker interest rates to be limited to 36%, in-line with the standard set by the Predatory Loan Prevention Act. ....

United States , Arlington Heights , Sangamon County , Horacio Mendez , Jazmine Thompson , Jim Langfelder , Doris Turner , Jacqueline Collins , Kelly Swisher , Woodstock Institute , Illinois Pawnbrokers Association , Department Of Financial , Sangamon County Court , Senate Bill , House Bill , Predatory Loan Prevention , Woodstock Institute President , Professional Regulation , Mayor Jim Langfelder ,

City should have public goals on reducing crime, improving schools and other matters

It is important to set goals and issue quarterly reports on progress being made so that there can be accountability ....

United States , Sangamon County , Ted Maxeiner , Rahm Emanuel , Woodstock Institute , Illinois Pawnbrokers Association , Mayor Rahm Emanuel , Veterans Day , Predatory Loan Prevention , Illinois Legislative Black Caucus ,

Chicago-based lender stymied by state cap on interest rates

Consumer advocates suspect Opportunity Financial, or OppFi, is fighting back against the limit of 36% on loan interest, but the company isn’t discussing its lobbying aims. ....

United States , District Of Columbia , Oak Park , James Clayborne Jr , Oppfi Jared Kaplan , Lauren Saunders , Emanuel Chris Welch , D Chicagopat Nabong Sun , Don Harmon , Jacqueline Collins , Shanelle Jackson , Illinois Senate , Woodstock Institute , National Consumer Law Center , Illinois Legislature , Predatory Loan Prevention , Chicago Based Opportunity Financial , House Speaker Emanuel , Senate President Don Harmon , Opportunity Financial ,

Illinois Regulators Answer Questions on Predatory Lending Law


Published May 12, 2021 •
Updated on May 12, 2021 at 7:01 am
SHUTTERSTOCK
Illinois state regulators have released answers to frequently asked questions about payday-type loans after new restrictions took effect this spring.
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That legislation signed into law by Gov. J.B. Pritzker on March 23 prohibits loans with an annual percentage rate of more than 36%. Loans covered by the law but taken before March 23 are void and lenders may not attempt to collect any part of it.
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United States , Department Of Financial , Professional Regulation , Predatory Loan Prevention , ஒன்றுபட்டது மாநிலங்களில் , துறை ஆஃப் நிதி , ப்ரொஃபெஶநல் ஒழுங்குமுறை , ப்ரிடேடரீ கடன் ப்ரெவெந்ஶந் ,