Register Now for Webinar: Creating Safe, Profitable, Small Dollar Loans

Date: Thursday, January 17th Time: 2:00 pm CST Register Now Individuals need access to safe small dollar loans to assist them during periods of financial crisis without causing even greater hardship. Our Alternative Small Dollar Loan Toolkit aims to help banks and credit unions develop a sustainabl...
January 12, 2013

Links of Interest: July 2-6, 2012

Criminal Justice The Just Policy Blog of the Justice Policy Institute had a thoughtful post on solitary confinement. The post links back to video of testimony before a hearing of the Subcommittee on the Constitution, Civil Rights and Human Rights (Senate Committee on the Judiciary) entitled on Ju...
July 6, 2012

Texas Appleseed Report Profiles Small Dollar Lenders

This post originally appeared on the Illinois Asset Building Group (IABG) blog. Chicago Appleseed is an IABG partner. A report released this week by Texas Appleseed, "Reshaping the Future of Small Dollar Lending," makes the policy case for small dollar loans, and then profiles six market newcomers...
February 14, 2012

Payday Lenders Lose Initial Bid to Block Illinois Law

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 /...
March 24, 2011

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...
June 10, 2010