Predatory Lending Content
Predatory Lending
Oppose SB2306 / HB3192 – Rate Cap Loophole
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
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
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
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
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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