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The Ready Advance loan was the focus of six “letter drops” last summer by Illinois People’s Action at Regions locations in Decatur, Bloomington, Peoria and Springfield. will no longer offer Ready Advance loans, effective Wednesday.
Legislation tracked under this topic includes lending standards, subprime lending and predatory mortgage lending. In 2009, 38 states and Puerto Rico introduced.
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But that was a temporary problem, not the way of life it has become in Illinois. California groups and businesses could get by with short-term loans. But many Illinois. This story is the latest installment in a joint initiative by The.
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Deeming Illinois “the Wild West of payday loans,” about 75 people from across central Illinois gathered Saturday at First Presbyterian Church downtown for a predatory lending summit. man who took out a payday installment loan for.
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