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How do payday advances work.Catching through to some material today.

How do payday advances work.Catching through to some material today.

Here’s A wednesday press release…

The Illinois General Assembly passed the Predatory Loan Prevention Act today, that may implement a 36 per cent interest limit on customer loans, including payday and car name loans. The legislation, SB1792, which passed with a vote that is bipartisan both chambers, was filed within the Illinois Legislative Ebony Caucus’ financial equity omnibus bill, and had been sponsored by Rep. Sonya Harper and Sen.