AI-enabled data science platform for finance (video)
American Banker
MARCH 19, 2021
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March, 2021
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Illinois Predatory Loan Prevention Act signed into law and now effective
CFPB Monitor
MARCH 25, 2021
The Act provides that any loan made in excess of a 36% MAPR is considered null and void, and no entity has the “right to collect, attempt to collect, receive, or retain any principal, fee, interest, or charges related to the loan.” Each violation of the Act is subject to a fine of up to $10,000.
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