"Here in Illinois families struggle to pay off installment
loans, subprime car loans
, bank
overdrafts
, internet loans, and car
title loans
––all of which contain the same unfair practice––triple digit
interest rates,” said Dory Rand,
Woodstock Institute president.  “It is this unfair practice that this bill would
eliminate.”

Woodstock Institute applauds Senator Durbin for this
taking this strong step towards the elimination of the unfair practice of triple
digit interest rates and strongly endorses the Protecting Consumers from
Unreasonable Credit Rates Act of 2009.