Reinvestment Alert 25: New Terms for Payday Loans – High Cost Lenders Change Loan Terms to Evade Illinois Consumer Protections

April 13, 2004

alert_25.pdfTom Feltner and Marva Williams

Describes changes in the Illinois payday lending industry since 2001 when state rules regulating the industry were approved.

Recent Related Articles

July 30, 2026

For Immediate Release: July 30, 2026 Contact: Robert Mayo hello@woodstockinst.org Federal approval would undermine Illinois’s ability…

July 30, 2026

Woodstock Institute wrote two letters to federal regulators opposing Opportunity Financial’s (“OppFi”) application to acquire BNCCORP…

June 29, 2026

Read the full letter hereWoodstock Institute wrote to the Illinois Department of Financial and Professional Regulation…