
Prevent predatory lending & support reinvestment in Illinois!
Predatory lending has a legacy of stripping wealth from communities of color, and research shows that payday and auto title lenders still disproportionately target Black and Brown neighborhoods in Chicago. Signing the Predatory Loan Prevention Act into law, and therefore protecting the assets of people of color and people experiencing poverty, is a racial and economic justice imperative.
Creating the IL CRA will support the banking, credit, and other financial service needs of low- and moderate-income communities throughout Illinois and can have significant positive impact on the Illinois Legislative Black Caucus’ efforts to promote economic access, equity, and opportunity to stop systemic racism.
Help send the message
Call Gov. Pritzker at 312-814-2121 and tell him: "Please sign SB 1792, thePredatory Loan Prevention Act." If line is busy, call 312-814-2122.
You can also:
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Write Gov. Pritzker and tell him you support a cap of 36% as outlined in SB 1792, the Predatory Loan Prevention Act
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Download a flyer with this information to share with others
News
Lenders and consumer advocates join with elected officials and faith groups to rally behind Black Caucus’ Predatory Loan Prevention bill, urging Governor to sign
A coalition of more than 110 lenders, elected officials, faith leaders and consumer advocates applaud the Illinois Legislature’s passage January 13 of the Predatory Loan Prevention Act as part of the economic equity omnibus bill proposed by the Illinois Legislative Black Caucus. On Monday dozens of them wrote Governor Pritzker respectfully urging him to sign the bill to help advance racial and economic justice in Illinois.
57 groups ask governor to sign Illinois CRA bill
Woodstock Institute, Housing Action Illinois, and 55 other organizations wrote to Gov. Pritzker asking him to support S. 1608, the Black Caucus' bill to create an Illinois Community Reinvestment Act modeled on the federal anti-redlining law that was pioneered in Chicago.
Woodstock plans two new Fact Books in 2021
Coming in 2021, two new Fact Books: one features 2020 Dodd- Frank Data, the other will aggregate the data from 34 years of Fact Book data to analyze long-term trends.