“The Illinois Legislature will not move forward with a bill that would’ve required nonbank lenders, mostly online companies, to disclose the annual percentage rate on small business loans.

Known as SB2234, it had strong support by a large coalition of advocates representing more than 250,000 small businesses and it passed the state Senate on May 2 by a vote of 36-19.

But on Monday, the House Financial Institutions Committee didn’t call the bill for a vote. The committee gave no explanation for its decision. A prior version of the bill also died in committee last year.”