
Resource Guide: Affordable Alternatives to Predatory Loans
Predatory loans can set-off a debt spiral and can lead to overdraft fees, loss of a bank account,...
Read moreSB 2306 and HB 3192 would insert the TILA Loophole into the Predatory Loan Prevention Act. The TILA Loophole would allow lenders to charge an unlimited amount of hidden fees in the form of add-on fees and products like credit insurance. Under a TILA APR, there is no limit to what a lender can charge for add-on products and fees, allowing predatory lenders to continue charging excessive fees including unwanted and unnecessary add-on products and costs.
Download our fact sheet for more information.
Predatory loans can set-off a debt spiral and can lead to overdraft fees, loss of a bank account,...
Read moreCall Governor Pritzker's office at 312-814-2121 and urge him to sign SB 1792, the Predatory Loan...
Read moreA coalition of more than 110 lenders, elected officials, faith leaders and consumer advocates...
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