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Illinois Imposes 36% MAPR Rate Cap on Shoppers Financial products; needs work toward Fintech-Bank Partnerships and additional industry transaction
- August 19, 2021
- Posted by: halim
- Category: all payday loans online
No CommentsIllinois Imposes 36% MAPR Rate Cap on Shoppers Financial products; needs work toward Fintech-Bank Partnerships and additional industry transaction On March 23, 2021, the Predatory financing Prohibition function (the “PLPA”) am closed into legislation by Illinois Governor J.B. Pritzker. The PLPA imposes a 36% army annual percentage rate (“MAPR”) limit on all funding enabled to