Predatory Lending Content

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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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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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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