The industry reacted by producing a brand new item: a loan that is 31-day. “That permitted them to obtain all over guidelines,” DeLaforgue claims.

The industry reacted by producing a brand new item: a loan that is 31-day. “That permitted them to obtain all over guidelines,” DeLaforgue claims. And so the coalition started pressing for brand new legislation. In 2005 then-governor Rod Blagojevich finalized the pay day loan Reform Act, that has been supported by both the Community Financial […]