· IL legislature · 104th

CONSUMERS-PAYDAY ADVANCES

Creates the Payday Advance Consumer Protection Act. Provides that no person shall engage in the business of providing payday advance services without licensure under the Act. Provides that the Division of Financial Institutions of the Department of Financial and Professional Regulation shall administer the Act. Sets…

Sponsor

Mike Simmons-Gessesse (D-IL)

Introduced

2026-02-05

Policy area

Finance and Financial Sector

Latest action

Referred to Assignments