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Predatory Lending

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PI Original
by Ellyn Fortino
10:36pm
Thu May 28, 2015

Consumer Protection Agency Probing Student Loan Services; Researchers Analyze Borrowing At For-Profit Colleges

On the heels of new research detailing trends in student loan burdens at for-profit colleges, the Consumer Financial Protection Bureau launched a public inquiry earlier this month into student loan servicing practices. 

Quick Hit
by Ashlee Rezin
10:11am
Fri Jun 7, 2013

Consumer Advocates Say Payday Lending Worsens Debt, Call For Federal Ban

Consumer advocates are calling for a ban on all types of payday lending, saying that without regulatory federal laws, millions of borrowers charged triple-digit annual percentage rates (APR) will continue to be trapped in never-ending cycles of debt.

“Payday lenders destroy wealth in the middle class,” said Robert Lawless, co-director of the University of Illinois Program on Law, Behavior and Social Science.

Quick Hit
by Adam Doster
9:01am
Tue Oct 12, 2010

Brady Nets Big Payday Lending Donation

If elected next month, will GOP gubernatorial nominee Bill Brady look out for low-income borrowers or high-cost lenders?

PI Original
by Adam Doster
1:42pm
Wed Sep 15, 2010

Credit Scores And Economic Opportunity

If you live in an Illinois neighborhood where residents are predominantly people of color, the odds are higher that your credit score is low. A new report examines how the state can bridge that racial gap.

Quick Hit
by Adam Doster
12:14pm
Thu Sep 2, 2010

The Speaker And Payday Loan Reform

When we expressed some concern that the Sun-Times' piece earlier this week on the Madigan family and the recently passed payday loan reform bill didn't include enough context about the substance of th

Quick Hit
by Adam Doster
10:11am
Tue Aug 31, 2010

Missing The Forest For The Trees On Payday Loan Reform

Sun-Times' reporters Tim Novak and Dave McKinney did the voting public a service by exposing a loophole in Illinois' "statement of economic interest" disclosure form that allows political candidates to hide familial relationships with registered lobbyists. As the paper's editorial board writes, it's crucial that the state forces lawmakers to admit publicly who in their families could benefit from state laws.

Quick Hit
by Adam Doster
4:34pm
Thu Aug 12, 2010

Stepping Up The Local Pressure On Bank Of America

It was a busy day for Chicago-based National People's Action, the organizers behind the Showdown in America campaign.

Quick Hit
by Josh Kalven
4:50pm
Fri Apr 23, 2010

Ware's Chicago

In his rejected cover for the May issue of Fortune 500, comic-book artist Chris Ware depicts a United States strewn with big box stores, underwater homes, sweat shops, and food deserts.  Check out how he decided to mark Chicago on the map:

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