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Illinois Legislature Passes Sweeping Changes to Customer Lending Laws

Illinois Legislature Passes Sweeping Changes to Customer Lending Laws

Early today the Illinois legislature passed and delivered to Governor Pritzker for signature, the most restrictive consumer financing bills observed in decades that, if finalized, may have far reaching implications for not just the payday lending and sub-prime financing industry, but traditional prime lenders aswell.

Illinois Senate Bill 1792 (“SB 1792”) contains, among other activities, the “Illinois Predatory Loan Prevention Act” (“ILPLPA” or even the “Act”) that may affect all lenders within the state. […]

Di |marzo 30th, 2021|Florida Online Payday Loan|0 Commenti