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ILLINOIS OKS PREDATORY LOAN CURBS STATE AIMS TO AVERT HOME FORECLOSURES
[North Sports Final Edition]
Chicago Tribune - Chicago, Ill.
Subjects: Predatory lending; Legislation -- Illinois
Author: Ray Long and Melissa Allison, Tribune staff reporters Tribune staff reporter Douglas Holt contributed to this report
Date: Apr 18, 2001
Start Page: 1
Section: News
Abstract (Document Summary)

The panel, which included both House and Senate members, voted 8- 4 to endorse proposed regulations by the [George Ryan] administration to ban so-called predatory lending practices that community activists, and even some mainstream banks, say have led to a dramatic surge in home foreclosures in the Chicago area.

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