Illinois Imposes 36percent MAPR price limit on customer financing; Takes objective at Fintech-Bank Partnerships and Secondary markets Transactions
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Illinois Imposes 36percent MAPR price limit on customer financing; Takes objective at Fintech-Bank Partnerships and Secondary markets Transactions On March 23, 2021, the Predatory financing Cures work (the a€?PLPAa€?) got signed into law by Illinois Governor J.B. Pritzker. The PLPA imposes a 36% military annual percentage rate (a€?MAPRa€?) cap on all financial loans made to Illinois buyers. They applies to …
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