Tag Archives: CILA / PLRA

Illinois’ payday loan and consumer installment loan laws, the Consumer Installment Loan Act and the Payday Loan Reform Act (collectively referred to as CILA / PLRA), have taken effect. This is exciting news for a state that has "more payday loan stores than McDonald's," according to a 2004 statement...

Payday Lenders won't submit to regulation without a fight. Last Friday, Payday Lender Illinois Lending Corp sued in Cook County Court for a temporary restraining order (TRO) against Illinois’ new and modified payday loan laws, the Consumer Installment Loan Act and the Payday Loan Reform Act (CILA /...