Predatory lenders attract new customers during pandemic in Illinois

Published



Illinois’ latest Consumer Lending Trends Report shows that predatory lenders in Illinois attracted a 5% increase in new borrowers in 2019.

Abe Scarr of the consumer watchdog group Illinois PIRG says the layoffs and uncertainty of 2020 are sure to pressure more desperate people to take out high interest loans products this year.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.