Predatory Lending Content

Auto 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 with...

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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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Auto Title Lending

Car Title Loan Legislative Resources

February 26, 2018

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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Auto Title Lending

Members of Congress Introduce Bill to Repeal the National Payday Loan Rule

December 13, 2017

Ignoring the voices of families and communities who have worked for years for relief from the harms of predatory payday lending, a handful of members of Congress have...

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Auto Title Lending

CFPB’s New Payday Rule Creates Historic Protections, but More Reforms are Needed in Illinois

October 13, 2017

Last week, the Consumer Financial Protection Bureau (CFPB) finalized a historic, nationwide rule that reins in some of the worst abuses of payday and title lenders. The rule...

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Consumer Protections

Financial Reforms Under Attack by the New Administration

February 7, 2017

Since its enactment in 2010, the financial reform policies included in the Dodd-Frank Wall Street Reform and Consumer Protection Act have been under constant attack by an...

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Consumer Protections

Consumer Protection Ideas Abound at IABG Convening

November 11, 2016

Last month, the IABG coalition gathered at our #IABG2016 Partner Convening at the Federal Reserve Bank of Chicago. Our last session of the day focused on consumer...

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Alternative Small Dollar Loans

Cynthia’s Story: Medical Bills & Title Loan Create a Debt Trap

October 3, 2016

Dangerous and abusive payday lenders, consumer installment lenders, and auto title lenders continue to strip wealth from Illinois communities. According to the Illinois...

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Consumer Protections

Wage Assignment & Consumer Protections Bill Signed into Law

September 1, 2016

The Wage Assignment & Consumer Protections Bill (SB2804) was signed into law by Governor Rauner on Friday, after passing both the House and Senate unanimously....

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