Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state.
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The Illinois company will pay $191 million for the parent of Glenview State Bank.
It is the 18th state to pass a law imposing rate caps on all consumer loans, including payday and car title loans.
