Illinois Imposes 36% MAPR Rate cover on Shoppers lending; Takes focus on Fintech-Bank collaborations and additional sector transaction

Illinois Imposes 36% MAPR Rate cover on Shoppers lending; Takes focus on Fintech-Bank collaborations and additional sector transaction On March 23, 2021, the Predatory funding Anticipation Act (the “PLPA”) am signed into regulation by Illinois Governor J.B. Pritzker. The PLPA imposes a 36per cent military annual percentage rate (“MAPR”) hat on all financial products meant […]

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