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Illinois

Governor Signs Illinois Payday Loan Bill

Governor Signs Illinois Payday Loan Bill

Illinois Governor J.B. Pritzker has signed a measure that’s expected to end the payday loan industry in Illinois. The Predatory Loan Prevention Act will cap interest rates at 36% on consumer loans, including payday and car title loans. The state legislature passed the bill in January. It has

California Sets Up Agency to Enforce New Privacy Law, Virginia Follows

California Sets Up Agency to Enforce New Privacy Law, Virginia Follows

Who has the power? California voters, that’s who. The state’s initiative process gives voters the power to put measures on the ballot. If approved, they have the force of law. Proposition 13, which froze the state’s property tax at 1976 levels, is perhaps the most famous but