This week, the payday lender Illinois Lending Corp. filed a lawsuit challenging portions of a new law that enacts many necessary consumer protections for small consumer loan borrowers. Specifically, the suit challenges provisions of the law that prevent lenders from holding a license for shorter-term payday loans in addition to a license for longer-term consumer installment loans. The lawsuit coincides with the introduction of a bill authored by Rep. Daniel Burke that would remove the dual license restriction, scheduled for a hearing in front of the Illinois House Executive Committee tomorrow.