Thursday , April 22 2021

Business Law Today March Month-in-Brief: Illinois “All-in” APR Calculation, CA Office of Administrative Law Approves Revisions to CCPA, VA Governor Signs VCDPA – JD Supra

Posts were previously published in the ABA Business Law Section's Business Law Today March Month-In-Brief.On March 23, 2021, Illinois Governor Pritzker signed SB 1792, which includes the Illinois Predatory Loan Prevention Act, into law. The new law imposes sweeping changes to the rate authority on consumer purpose transactions subject to Illinois law. In particular, the law limits rates on "loans" (as that term is defined by the Predatory Loan Prevention Act) to 36% and requires creditors to ca...

 

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