Predatory Lending Content
Predatory Lending
Historic legislation to prevent predatory loans passes Illinois General Assembly
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 3 dozen other organizations...
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Access to Banking
2019 Legislative Roundup: Illinois Takes Steps to Help Families Build Financial Security
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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Car Title Lending
Legislation Capping Title Loan Interest Rates Passes out of Committee
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
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
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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Car Title Lending
Campaign for a 36% Cap on Title Loans Gains Wide Support
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 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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Car Title Lending
2018 Car Title Loan Legislative Resources
Car title loans prey on Illinoisans with crippling interest rates as high as 360%. These loans trap consumers in debt they can’t repay, and cause thousands every year to...
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