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Home » Store » Taxable » Illinois Lenders Avoid “Emergency” Rules

Illinois Lenders Avoid “Emergency” Rules

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Illinois bankers reached a deal with regulators last week to squelch an “emergency” rule aimed at predatory lending. “We’re good to go,” said a spokesman for the Illinois Bankers Association about the agreement reached last week with the state Office of Banking and Real Estate to rescind the rule announced by Governor George Ryan last month. The rule would have required all state-chartered banks that service loans in Illinois to report to the
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