Attorney General Madigan Cracks Down on Unlicensed, Predatory Payday Lenders

by Gary Kopycinski on April 8, 2014

Gary Kopycinski Author

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Attorney General, Department of Financial & Professional Regulation Take Action Against Online Payday Lenders & Lead Generator Promoted by Talk Show Host Montel Williams

Chicago—(ENEWSPF)—April 8, 2014. Attorney General Lisa Madigan today filed five lawsuits in a sweep cracking down on unlicensed, online payday lenders and a loan lead generator promoted by talk show host Montel Williams for illegally offering expensive, predatory loans that trap Illinois borrowers in excessive, cyclical debt loads.