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CDFI

Andrew Posner image

Will Illinois borrowers find predatory loan alternatives? They already are, says Capital Good Fund’s Andy Posner

Illinois’ 36% APR cap on personal loans took effect March 23, the day Governor Pritzker signed the Predatory Loan Prevention Act. “Within days, we saw an increase in Illinois’ daily application volume of about 70%," says Andy Posner, CEO...

July 23, 2021 at 10:48 am read more
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