Press Release: Attorney General Madigan Files Suit Against Chicago Area Lender For Selling Short-Term Loan Designed To Evade State Reforms

Thursday, March 27, 2014  RELEASE DATE: March 19, 2014 Media Contact: Maura Possley || 312-814-3118 || mpossley@atg.state.il.us || @ILAttyGeneral  Chicago – Attorney General Lisa Madigan filed suit today against a Chicago area short term lender for designing and selling a new emerging short-term loan intended to thwart important protections in Illinois law against predatory lending and trap borrowers in an inescapable cycle of debt. Madigan filed … Continue reading Press Release: Attorney General Madigan Files Suit Against Chicago Area Lender For Selling Short-Term Loan Designed To Evade State Reforms