No Right Turn: Illinois’ Auto Title Loan Industry and its Impact on Consumers The study found that: 1) The vast majority of title loans in Illinois are taken out by low-income people. 2) The number of title loans issued in...
“Because title loans are largely unregulated in Illinois, lenders have increased loan terms to an average of over 18 months while still charging interest rates over 200 percent APR,” said Spencer Cowan, Senior Vice President of Research at Woodstock...
151015 EGRPRA Comment Final with Orgs.pdf This letter submits comments on the Community Reinvestment Act (CRA), bank mergers and acquisitions, and the Consumer Financial Protection Bureau (CFPB) as part of the prudential regulators EGRPRA process. Woodstock strongly encourages the...