SB 2306 and HB 3192 would insert the TILA Loophole into the Predatory Loan Prevention Act. The TILA...Read more
Take Action: Urge Governor to Sign Predatory Loan Prevention Act
IABG, the Woodstock Institute, Illinois PIRG, and over 100 other leaders in Illinois ask you to call Governor Pritzker’s office at 312-814-2121 and urge him to sign SB 1792, the Predatory Loan Prevention Act, into law.
Predatory lending has a legacy of stripping wealth from communities of color, and research shows that payday and auto title lenders still disproportionately target Black and Brown neighborhoods in Chicago. Signing the Predatory Loan Prevention Act into law, and therefore protecting the assets of people of color and people experiencing poverty, is a racial and economic justice imperative.
Check out this flyer to learn more and take action to prevent predatory lending.
More Related Resources
Predatory loans can set-off a debt spiral and can lead to overdraft fees, loss of a bank account,...Read more
A coalition of more than 110 lenders, elected officials, faith leaders and consumer advocates...Read more