The Predatory Loan Prevention Act would establish a 36 per cent rate of interest limit on customer loans. Heartland Alliance commends the deliberate action toward fair, equitable lending.
вЂњToday, the Illinois General Assembly took actions to guard consumers and address the wealth that is racial by dancing utilizing the Predatory Loan Prevention Act. It is one giant part of the proper way toward economic protection for every single Illinoisan.вЂќ – Amy Eisenstein, Heartland Alliance
SPRINGFIELD, Ill. (PRWEB) 12, 2021 january
The Illinois House of Representatives passed the Predatory Loan Prevention Act, which if passed away by the Senate, would implement a 36 per cent rate of interest limit on customer loans, including payday and car name loans.Continue reading