The Illinois Payday Loan Loophole
Contributing Organization(s): Woodstock Institute
Author(s)/Creator(s): Tom Feltner; Sarah Duda
Publishing Date: 2008-04-25
Issue Areas: Economic Development
Intended Audience: Advocates; Policy Professionals
Coverage: Cook County, Illinois
Analysis of Circuit Court of Cook County filings by one large payday lending showing the shift from short-term loans, cover by Payday Loan Reform Act consumer protections, to longer-term installment loans not covered by the act. The report also looks at the debt collection process.
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http://www.woodstockinst.org/publications/download/the-illinois-payday-loan-loophole/
Ownership/Rights Info: Copyright 2008 Woodstock Institute. All rights reserved.
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