Could Illinois’ New Anti-Predatory Lending Bill Limit Consumer Options?
The major players of the payday loan industry say they won’t lend in Illinois because of a new anti-predatory lending law.
By Steve BynumCould Illinois’ New Anti-Predatory Lending Bill Limit Consumer Options?
The major players of the payday loan industry say they won’t lend in Illinois because of a new anti-predatory lending law.
By Steve Bynum
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Some of America’s largest consumer lenders said they have stopped lending in Illinois since Gov. J.B. Pritzker signed the Predatory Loan Prevention Act into law.
A business reporter joins Reset to give details on the fallout between Illinois state government and the consumer lending industry.
GUEST: Steve Daniels, Crain’s Chicago Business senior reporter