Gov. J.B. Pritzker is expected to sign the legislation, but the issue might not end there. Opponents of the payday lending industry say they’re worried about a series of bills circulating in the General Assembly right now that they say would gut some of the protections that are in the bill awaiting the governor’s signature.
Boy is Collins dumb. She thinks the credit unions and banks will pick up the slack and lend to people with bad credit and no assets. I feel bad for the people that use these lenders out of a NEED. I don’t really feel bad for the people that use these lenders out of a WANT. So where do the people that really have no other option go to borrow money, the local loan shark? Does she think that capping interest rates will cause them to lower their rates? Nope, not a chance. Ever see a Payday lease, they all… Read more »
heyjude
5 years ago
She has $100,000 in student loans and runs a small janitorial services company? The predator in this picture is the higher education establishment that convinced her to take out the loans to fund a worthless degree.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Boy is Collins dumb. She thinks the credit unions and banks will pick up the slack and lend to people with bad credit and no assets. I feel bad for the people that use these lenders out of a NEED. I don’t really feel bad for the people that use these lenders out of a WANT. So where do the people that really have no other option go to borrow money, the local loan shark? Does she think that capping interest rates will cause them to lower their rates? Nope, not a chance. Ever see a Payday lease, they all… Read more »
She has $100,000 in student loans and runs a small janitorial services company? The predator in this picture is the higher education establishment that convinced her to take out the loans to fund a worthless degree.