Resident Action/Illinois continues our strive to reform laws on pay day loans in Illinois, which lock Us americans into an cycle that is insurmountable of. To learn more about the Monsignor John Egan Campaign for cash advance Reform, or you have experienced difficulty with payday, car name or installment loans, contact Lynda DeLaforgue at Citizen Action/Illinois, 312-427-2114 ext. 202.
The Monsignor John Egan Campaign for Pay Day Loan Reform
The Campaign for cash advance Reform started in 1999, right after an undesirable girl found confession at Holy Name Cathedral and talked tearfully of the woman knowledge about payday advances. Monsignor John Egan assisted the girl in paying down both loans as well as the interest, but their outrage to the lenders that are unscrupulous just started. He instantly started calling buddies, companies, and associates to try and challenge this usury that is contemporary. Soon after their death in 2001, the coalition he aided to produce had been renamed the Monsignor John Egan Campaign for cash advance Reform. Citizen Action/Illinois convenes the Egan Campaign.
Victories for customers!
The Consumer Installment Loan Act on June 21, 2010 Governor Quinn signed into law HB537.