About that Policy

We continue steadily to see wealth stripped from communities across Illinois by dangerous and abusive products that are financial methods. These lending options and services – including payday and automobile name loan providers, money exchanges, unregulated paid-tax preparers, loan companies, and much more – subscribe to 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 debt that will just just take years to recuperate from.

Predatory services and products disproportionately strip wealth from communities of color, which plays a role in the growing racial wide range divide. To construct racial equity, we should advocate for strong customer defenses, and commence to create policies that develop monetary safety. [Read more…]