The Deception of Predatory Credit Repair Companies
Credit repair companies run a sophisticated and complex scam. Advertising widely in low-income...
Read moreTitle 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 debt they can’t repay, and cause thousands every year to lose their car, a critical source of transportation to school and work. Between 2014 and 2016, more than 26,000 Illinois families lost their car because of title loans.
HB2468, the Fair Lending Act, will finally bring consumers relief by capping interest rates on car title loans at 36%.
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Credit repair companies run a sophisticated and complex scam. Advertising widely in low-income...
Read moreIn this letter, members of FIAI urge Governor Pritzker to sign HB 862, a measure to set a 7-year...
Read moreSB 2306 and HB 3192 would insert the TILA Loophole into the Predatory Loan Prevention Act. The TILA...
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