Bet On Bank On Chicago

Underbanked. Unbanked. These terms, collectively, refer to individuals in our society who have limited or no relationship with a traditional bank. Yet, because banking transactions—money transfers, paycheck cashing, non-cash payments, and small loans—are an essential part of modern life, those witho...

Payday Loan Reform Passed by the Illinois General Assembly

On May 26, 2010, Illinois consumers scored a major victory when the Illinois House passed the Senate amendments to H.B. 537, a strong payday loan reform bill, by a vote of 108-1. Governor Quinn now has 90 days to sign the bill into law.Payday loans are small, short term loans made at predatory inter...