Illinois Predatory Loan Prevention Act: “…will affect anyone who is trying to… get on their feet”

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Illinois Predatory Loan Prevention Act: “…will affect anyone who is trying to… get on their feet”

Our fourth video in a series, giving former users of traditional installment loans a voice, in speaking out about Illinois’ new lending law. SB 1792, the so-called “Predatory Loan Protection” Act, has closed down safe and affordable credit options alongside riskier ones, for the whole of Illinois. This is what Ms. V from Aurora has to say about it:

SOURCE: NILA

2021-06-14T16:34:01+00:00 May 19th, 2021|Categories: News, Regulation|Tags: , , , , , , , , , , |Comments Off on Illinois Predatory Loan Prevention Act: “…will affect anyone who is trying to… get on their feet”