![Governor Signs Illinois Payday Loan Bill](/content/images/size/w720/wordpress/2021/03/payday-rates-03232021-2.png)
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