Payday loans

Illinois state regulators have released answers to frequently asked questions about payday-type loans after new restrictions took effect this spring.

Gov. J.B. Pritzker on Tuesday signed four bills designed to improve the economic standing of people of color as part of the ambitious agenda of the Illinois Legislative Black Caucus.

They market themselves as a fast, financial fix. But now some players in the payday loan industry are accused of using the pandemic to target distressed and out-of-work consumers. It is a situation that may be a mirror of what happened in the last financial crisis of 2009, when payday lenders were accused of aggressively courting customers who can least…

They market themselves as a fast, financial fix. But now some players in the payday loan industry are accused of using the pandemic to target distressed and out-of-work consumers. NBC 5’s Lisa Parker reports.