Reports & Resources : Financial Reform & Predatory Lending Reform

Illinois Payday Loan Reform Legislative Fact Sheet

Date: 
02/17/2011

 

Learn more about Payday Loan Reforms.  Read the Illinois Payday Loan Reforms Legislative Fact Sheet.

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Woodstock Institute Payday Loan Reform Policy Brief

Date: 
02/17/2011

 

Read the Woodstock Institute Payday Loan Reform Policy Brief.

 

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SB 655: The Consumer Installment Loan Reform Act

Date: 
02/15/2010

SB 655, the Consumer Installment Loan Reform Act, will ensure that all Illinoisans have access to longer-term credit with reasonable terms. It will end the 700% Annual Percentage Rate currently being charged in Illinois.

Beyond Payday Loans: Consumer Installment Lending in Illinois

Date: 
03/31/2009

In Illinois, discussions around establishing additional consumer protections for small-dollar, short-term credit often stall at the point of defining the substantive differences between the very short-term high-cost loans with a small number of payments, known as payday loans, and the longer-term but often equally expensive (in terms of finance charges) products, known as installment loans, that both fall under CILA.

Egan Campaign Endorsement Form

Date: 
03/19/2008

Support closing the Payday Loan Reform Act (PLRA) loophole.