The Illinois Payday Loan Loophole Post-Payday Loan Reform Act Lending and the Debt Collection Practices of One Large Lender in Illinois
Publication Date: April 2008
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Installment loans; Loan reform; Borrower demographics
Analysis of Circuit Court of Cook County filings by one large payday lending showing the shift from short-term loans, cover by Payday Loan Reform Act consumer protections, to longer-term installment loans not covered by the act. The report also looks at the debt collection process.