Cash advance borrowers, strained by triple-figure rates of interest, usually fall behind in spending other bills, defer investing for health care bills and get bankrupt. They’re also often individuals of color.

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Gov. J.B. Pritzker is anticipated to signal the Predatory Loan Prevention Act, a bill interest that is capping on little loans to high-risk borrowers. But two trailer bills would water down the law that is new. Читать далее →