Predatory lenders attract new customers during pandemic in Illinois – Center Square

Illinois’ latest Consumer Lending Trends Report shows that predatory lenders in Illinois attracted a 5% increase in new borrowers in 2019. Abe Scarr of the consumer watchdog group Illinois PIRG said, “They are not stupid. They go to these companies with their eyes wide open because they are desperate."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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