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Hotline sees only slight increase in eviction calls
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Illinois Lawsuit: CDC Has No Authority to Stop Evictions Nationwide
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The State Of Illinois Is Getting Its Rental Assistance Dollars Out And May Avoid An Eviction Tsunami
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Heartland Alliance: Historic legislation to prevent predatory loans passing Illinois House
Heartland Alliance: Historic legislation to prevent predatory loans passing Illinois House
SPRINGFIELD, Ill., Jan. 12, 2021 /PRNewswire-PRWeb/ The Illinois House of Representatives passed the Predatory Loan Prevention Act, which if passed by the Senate, would implement a 36 percent interest rate cap on consumer loans, including payday and car title loans. The legislation passed with a bipartisan vote, without a single member voting no. It is part of an omnibus economic equity bill, one of the Illinois Legislative Black Caucus four pillars, sponsored by Rep. Sonya Harper.
In Illinois, the average annual percentage rate (APR) on a payday loan is 297 percent, and the average APR on an auto title loan is 179 percent. Federal law already protects active-duty military with a 36 percent APR cap. This bill would extend the same protection to Illinois veterans and all other consumers. Seventeen st