Bill That Curbs High Payday Loan Fees Awaits Gov. Pritzker’s Signature
By Steve BynumBill That Curbs High Payday Loan Fees Awaits Gov. Pritzker’s Signature
By Steve Bynum
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Payday loans are criticized for worsening poverty and financial inequity, especially in Black and brown communities.
Reset hears about an Illinois legislative bill that would cap payday loan interest rates at 36 percent.
GUEST: Lisa Stifler, director of state policy at the Center For Responsible Lending