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Bank of America (BofA) prevailed in a court case brought against it by Cook County, Illinois, which sued the bank alleging predatory mortgage loans to Black and Hispanic borrowers in the Chicago area.

CHICAGO — Attorney General Lisa Madigan's office is suing a company for what it says is an illegal predatory lending scheme that targeted the retirement benefits of Illinois residents. Madigan's ...

Predatory lending might sound like a finance buzzword, but its impact is all too real. Picture signing up for a loan that seems like a quick fix, only to discover hidden fees and sky-high interest ...

SPRINGFIELD — A bill that would put more controls on certain kinds of high-cost loans to small businesses cleared the Illinois Senate Thursday. Senate Bill 2234, known as the Small Business Financial ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

SPRINGFIELD, Ill. — Members of the Illinois Legislative Black Caucus are pushing legislation to put pawnbrokers under the same interest rate caps as payday lenders and other small-dollar, short-term ...

CHICAGO (AP) -- Gov. Rod Blagojevich has suspended a program designed to stop predatory lenders in the Chicago area, saying it was hurting the communities it was supposed to help. Blagojevich ...

“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find ...

CHICAGO (AP) — Attorney General Lisa Madigan's office is suing a company for what it says is an illegal predatory lending scheme that targeted the retirement benefits of Illinois residents. Madigan's ...