Payday customers money in under reform legislation, governor says

Payday customers money in under reform legislation, governor says

Tuesday

A state law that imposed restrictions that are new “payday” loan providers has conserved customers a lot more than $20 million as it took impact in December 2005, Gov. Rod Blagojevich’s management stated Tuesday

The purported cost cost savings in charges and interest charges had been calculated because of the Illinois Department of Financial and Professional Regulation, which compared the percentage that is annual (APRs) of pay day loans released in 2002 and people released following the governor finalized the pay day loan Reform Act two years ago. (more…)

Continue Reading
Close Menu