Consumer Protections Content

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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Consumer Protections

Is New Really New? Financial Technology & Its Impact on Low-Income Families

January 31, 2019

Financial technology, or fintech, is changing the way that financial services are delivered. More people are turning to apps and online platforms to access banking services,...

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Car Title Lending

2019 Title Loan Legislative Resources

January 28, 2019

Title loans prey on Illinoisans with crippling interest rates as high as 360%. In 2017, more than 61,000 Illinoisans were stuck in title loans. These loans trap consumers in...

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Access to Banking

IABG Launches Biannual Coalition Connection Meetings

July 13, 2018

This blog post is written by Katherine Liu, Communications Intern with Heartland Alliance.   IABG held its first biannual Coalition Connection meeting last month. These...

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Car Title Lending

Campaign for a 36% Cap on Title Loans Gains Wide Support

June 1, 2018

  Earlier this year, we kicked off a campaign for the Fair Lending Act (SB2843), which caps interest rates on car title loans at 36%. Car title loans prey on Illinoisans...

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Consumer Protections

This Month in DC: Payday Loan Rule Survives, but Dodd-Frank Does Not

May 30, 2018

May was a big month for consumer protection laws in DC. We won a significant victory in the fight against predatory lending, but we also saw Congress roll back key provisions...

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