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Predatory Lending

Oppose SB2306 / HB3192 – Rate Cap Loophole

March 18, 2021

SB 2306 and HB 3192 would insert the TILA Loophole into the Predatory Loan Prevention Act. The TILA Loophole would allow lenders to charge an unlimited amount of hidden fees...

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Predatory Lending

Resource Guide: Affordable Alternatives to Predatory Loans

Predatory loans can set-off a debt spiral and can lead to overdraft fees, loss of a bank account, bankruptcy, and even poor health. Check out this resource guide with ways to...

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Predatory Lending

Take Action: Urge Governor to Sign Predatory Loan Prevention Act

February 16, 2021

Call Governor Pritzker's office at 312-814-2121 and urge him to sign SB 1792, the Predatory Loan Prevention Act, into law.

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Predatory Lending

Letter to Governor Pritzker: Predatory Loan Prevention Act

February 1, 2021

A coalition of more than 110 lenders, elected officials, faith leaders and consumer advocates applaud the Illinois Legislature’s passage of the Predatory Loan Prevention...

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Predatory Lending

Historic legislation to prevent predatory loans passes Illinois General Assembly

January 12, 2021

For Immediate Release: January 13, 2021 Contact: Abe Scarr, Illinois PIRG, abe@illinoispirg.org, 312-983-2789 Taran Volckhausen, Communications Associate,...

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Predatory Lending

Fact Sheet: Predatory Loan Prevention Act

IABG is partnering with community leaders, including Woodstock Institute, IL PIRG, AARP, SEIU, the Catholic Conference of Illinois, and more than 100 other organizations to...

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Children's Savings Accounts

Children’s Savings Account Implementation Recommendations

October 28, 2020

In 2019, HB2237 was signed into law, creating a statewide CSA program in Illinois, with a $50 seed deposit provided into a 529 account for every child born or adopted in the...

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Asset Poverty

Prosperity Now 2020 Illinois Scorecard

February 1, 2020

The Prosperity Now Scorecard is a comprehensive resource featuring data on family financial health, racial economic inequality, and policy recommendations to help put all...

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Access to Banking

2019 Legislative Roundup: Illinois Takes Steps to Help Families Build Financial Security

June 21, 2019

IABG advocates for policies that close the racial wealth divide, expand savings opportunities, and protect Illinoisans from wealth-stripping financial products and practices....

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