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McGlinchey Stafford

Illinois SB 86 Brings New Requirements for Student Loan Lenders and Servicers

McGlinchey Stafford on

On August 2, 2024, the Illinois governor signed SB 86 into law to amend the Illinois Know Before You Owe Private Education Loan Act and the Illinois Student Loan Servicing Rights Act. Establishing new requirements that will...more

Jenner & Block

CFPB Publishes Market Snapshot Report on Consumer Use of State Payday Loan Extended Payment Plans

Jenner & Block on

Payday loans are small-dollar cash loans typically due in a single payment on the borrower’s next payday—they are extremely short-term and generally high-interest forms of consumer credit. If the borrower cannot pay off the...more

Jaburg Wilk

Tips for Collecting What You Are Owed

Jaburg Wilk on

1. Make sure you have what you need from the start - Take advantage of all information needed to collect at the time the loan is made or the services are provided, including obtaining a security interest in collateral....more

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