Concerning this Policy
We continue steadily to see wealth stripped from communities across Illinois by dangerous and abusive products that are financial techniques. These financial loans and solutions вЂ“ including payday and automobile name loan providers, money exchanges, unregulated paid-tax preparers, loan companies, and much more вЂ“ play a role in the economic insecurity of Illinois families and communities. While frequently marketed in order to weather a economic storm or to ensure it is to another location paycheck, predatory loans trap individuals in a period of financial obligation that will simply simply simply just take years to recuperate from.
Predatory items disproportionately strip wide range from communities of color, which plays a role in the growing wealth divide that is racial. Read more