Consumer Blog
Illinois regulators say payday loans are beneficial
Article in the Post-Dispatch today summarizes a new report from state government in Illinois, saying payday lending has been good for consumers.
As we've mentioned numerous times in this blog, AG Nixon believes this industry is in dire need of drastic reform in Missouri. Illinois appears to have similar statistics to ours. In Missouri, the average payday loan has an APR of more than 400%.
Technorati Tags: Illinois law, Illinois payday loans, payday loan, payday loan APR, payday loan industry, payday loan industry reform, payday loans, moagoconsumer, consumer protection
Posted by on August 1, 2007 11:42 am :: Comments (0) :: Permalink
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