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March 18, 2010 If you live in Illinois, call your State Senator and tell them to support the Consumer Installment Loan Reform Act (SB655 Amendment #1) today. Read More December 22, 2009 Last week, the Monsignor John Egan Campaign for Payday Loan Reform and Woodstock Institute called for much-needed consumer protections for the currently unregulated payday installment loan industry at a press conference in downtown Chicago. These new consumer protections, included in a recent proposal by Senator Kimberly Lightford (D-Maywood), would ensure reasonable fees in an industry that has operated for years outside the consumer protections established in the 2005 Payday Loan Reform Act.
Read More July 25, 2007 Credit unions can offer sustainable, affordable short term credit at a fraction of the cost of traditional payday lenders, says a recent report by Marva Williams, until recently Woodstock Institute senior vice president. Read More |
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