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Unknown Writer CHICAGO — A national relationship of pay day loan businesses now announced a course, being piloted in Illinois, to aid short-term borrowers develop credit by voluntarily reporting their loan repayments to a cutting-edge brand new credit reporting agency. The Community Financial solutions Association of America (CFSA), representing 164 organizations with increased than 50 […]

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Sunday The Springfield City Council voted Monday to impose new regulations on payday lenders whose high interest rates can create a “debt trap” for desperate borrowers after years of debate. Among the list of features ended up being a want to impose $5,000 yearly licensing charges susceptible to voter approval in August, that could get […]