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Chicago Reader: Predatory lenders want Pritzker to veto a limit on triple digit interest rates

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Woodstock in the News

By Maya Dukmasova | Feb 17

Among the flurry of bills passed in the five-day January lame duck session in Springfield was the Predatory Loan Prevention Act, a measure that would cap interest rates for consumer loans under $40,000—such as payday loans, installment loans, and auto title loans—at 36 percent.

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