Predatory Lending: Illinois
Predatory lending is a term used to describe a wide range of unfair financial practices. Here are some resources that can help you avoid being a victim.
- Federal Trade Commission - before taking out a payday loan, consider some alternatives
- Illinois Department of Financial & Professional Regulation - enforces state laws governing lenders
- File a complaint
- Attorney General's Office
- FDIC's Money Smart program - avoid becoming a victim of predatory lending by getting smart about money
- High-cost predatory home loans - how to avoid the traps