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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.

“Today, 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.” – 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 “Heartland Alliance: Historic legislation to avoid predatory loans moving Illinois home”

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