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Press Release

From CitizenAction/IL

Citizen Action/Illinois Statement on Protections from Predatory Loans for Servicemembers

Date: 
08/05/2015

In response to new rules implemented by the Department of Defense, Citizen Action/Illinois released the following statement:

FOR IMMEDIATE RELEASE

August 4th, 2015

Statement by Lynda DeLaforgue, Co-Director, on Department of Defense rule updating Military Lending Act of 2006

New protections will stop lenders from exploiting loopholes to target servicemembers

With high-cost loans and abusive collection tactics

 

Statement by William McNary on Gov. Rauner's appearance at the Chicago City Council

Date: 
05/07/2015

 On May 6th, Governor Rauner appeared before the Chicago City Council to make an appeal for support of his "Turnaround Agenda." The following statement was released to press in response.

 

CFPB Puts Forth Historic Proposal to End the Payday Debt Trap

Date: 
03/26/2015

 (CHICAGO, ILLINOIS) _ Earlier today the Consumer Financial Protection Bureau (CFPB) released a working draft of a proposal to rein in abusive low-dollar lending schemes such as payday, auto title and installment lending. The draft, presented at a field hearing in Richmond, VA, would require lenders to verify before making a loan that borrowers can pay it back on time, without re-borrowing, and still cover their basic necessities like rent, food and utilities.

Response of William McNary to Governor Rauner’s 2015 Budget Proposal

Date: 
02/18/2015

 [Springfield] William McNary, Co-Director of Citizen Action/Illinois, said “Governor Rauner’s budget gives a massive windfall to those needing it the least while defunding public services for those who need them the most. The budget the Governor unveiled today is a cold-blooded vision for the future of our state. Many of his proposals will wipe out years of building better working, economic, educational and health care opportunities for the families of Illinois.

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