Illinois Joins States Capping Customer Loan Rates Of Interest at 36percent

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Illinois Joins States Capping Customer Loan Rates Of Interest at 36percent Through the current Predatory Loan Prevention Act (PLPA), which imposes a 36% APR limit on interest levels for customer loans under $40,000, Illinois joins 18 other states therefore the District of Columbia in capping rates of interest on customer loans at 36% or less.…