Illinois Lending Law: “You don’t realize what you are doing to the small consumer”

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Illinois Lending Law: “You don’t realize what you are doing to the small consumer”

The first of a series of videos of former users of traditional installment loans speaking out about Illinois’ new lending law. SB 1792, the so-called “Predatory Loan Prevention” Act, has closed down safe and affordable credit options alongside riskier ones, for the whole of Illinois. This is what Mr. L from Peoria has to say about it:

This video and others like it can be viewed on our Testimonials page and alongside hundreds like it, at https://vimeo.com/borrowervoices.

SOURCE: NILA

2021-05-14T15:46:41+00:00 May 14th, 2021|Categories: News, Regulation|Tags: , , , , , , , |Comments Off on Illinois Lending Law: “You don’t realize what you are doing to the small consumer”