Illinois Payday Loan Reform Takes Hold

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...

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...