Gov. J.B. Pritzker has brought some actions to guard the re re re payments, but more could possibly be done to block lenders that are payday customer installment loan providers, and collectors from using CARES Act funds required by families.
By Curtis Ebony
Picture by Max Herman
A cash advance loan provider situated at 2132 East 71st Street on Chicago’s Southern Side.
Federal stimulus re payments have begun to exhibit up in people’s bank records, however some of these many in need of assistance of economic help when you look at the nation’s growing financial crisis are at risk of having it diverted to collectors.
Customer advocates are “concerned that a huge number of Illinoisans could have their stimulus checks consumed by non-essential loan re re payments in the place of critical requirements like shelter, meals, and medication,” said Brent Adams, senior vice president of policy and interaction at Woodstock Institute. Read more
