Mar 29, 2021 | Banks & Credit Unions, News
Illinois Caps Consumer Loan APRs at 36 Percent Last week, Illinois Governor J.B. Pritzker signed a bill capping annual interest rates on all consumer loans at 36 percent. The Governor’s office said that auto title loans in the state currently carry an average annual...
Mar 26, 2021 | Banks & Credit Unions, News
Fintech Study Predicts Bank Branches Will Be Extinct By 2034 A recent study by fintech company Self Financial (Self) predicted that bank branches could be extinct by 2034 if the current footprint reduction trends persist. The study measures branch numbers between 2000...
Mar 24, 2021 | Congressional Legislation, News
New Poll Finds Direct Payments Are Most Popular Part of COVID Relief Package A recent Morning Consult/Politico poll shows that stimulus checks had the highest level of support from the $1.9 billion COVID relief bill that President Biden signed into law earlier this...
Mar 19, 2021 | Congressional Legislation, News
House Financial Services Committee Ranking Member Introduces Protecting Consumer Access to Credit Act Earlier this month, Representative Patrick McHenry (R-N.C.), who serves as Ranking Member of the House Financial Services Committee (HFSC), once again introduced the...
