Consumer Protections Content

Predatory Lending

Resource Guide: Affordable Alternatives to Predatory Loans

March 18, 2021

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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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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Consumer Protections

Debt Collection Reform Passes out of the General Assembly

May 21, 2019

On a vote of 55-0-0, the Consumer Fairness Act of 2019 (HB88) passed out of the Senate today with unanimous and bipartisan support. This legislation brings long-overdue...

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Consumer Protections

Consumer Fairness Act of 2019 Legislative Resources

May 1, 2019

Illinois’ debt collection laws are crushing families with debt that can accrue for up to 26 years with a 9% interest rate. The Consumer Fairness Act of 2019 (HB88) will...

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Car Title Lending

Legislation Capping Title Loan Interest Rates Passes out of Committee

March 25, 2019

This year, we are continuing our campaign to pass the Fair Lending Act (HB2468), which caps interest rates on car title loans at 36%. This legislation was introduced in the...

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