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At least 345 professional licenses are set to expire in Glendale during week ending July 3

At least 345 professional licenses are set to expire in Glendale during week ending July 3
azbusinessdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azbusinessdaily.com Daily Mail and Mail on Sunday newspapers.

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Predatory lenders want Pritzker to veto a limit on triple digit interest rates


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Among the flurry of bills passed in the five-day January lame duck session in Springfield was the Predatory Loan Prevention Act, a measure that would cap interest rates for consumer loans under $40,000 such as payday loans, installment loans, and auto title loans at 36 percent. These types of loans often trap consumers in cycles of debt, exacerbate bad credit, lead to bankruptcy, and deepen the racial wealth gap. Some 40 percent of borrowers ultimately default on repaying such loans. The new regulation was in a package of bills advanced by the Legislative Black Caucus as part of its four pillars of racial justice reforms in economic policy, criminal justice, education, and health care. ....

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