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CCI remembers Predatory Financing Avoidance Operate becoming rules Front-page | Reports New Catholic Meeting away from Illinois was proud to help you mention one to Gov. J.B. Pritzker now closed towards the law Senate Costs 1792, creating the new Predatory Mortgage Reduction Work, hence caps the latest apr (APR) for the predatory funds, such as for instance pay check and you may automobile identity money, on thirty six%. Illinois gets the fresh new eighteenth state so you can cover APRs at the 36%, plus the Section from Columbia. CCI joined almost every other personal justice advocacy communities into the moving passing of this new guidelines into the e-duck example, and remembers the new governor’s step today. Advocates, providers, area, and you may believe leaders celebrate thirty ...