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The Illinois Payday Loan Loophole

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Predatory Lending, Research

paydayloanloophole_april2008_egan.pdf

Sarah Duda and Tom Feltner

Analysis of Circuit Court of Cook County filings by one large payday lending showing the shift from short-term loans, cover by Payday Loan Reform Act consumer protections, to longer-term installment loans not covered by the act. The report also looks at the debt collection process.

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