Home Fico score Illinois AG reaches agreement with Cos. on payday loans

Illinois AG reaches agreement with Cos. on payday loans

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By McCord Pagan (November 8, 2021, 7:43 PM EST) – The Illinois attorney general’s office and a state financial regulator say they have reached an agreement with three payday loan lead generation companies which required them to immediately cease offering their services to consumers in the state of the Prairies without a license.

In a joint statement Friday, the state attorney general’s office and the Illinois Department of Financial and Professional Regulation said they had reached an agreement with MoneyMutual LLC, PartnerWeekly LLC and Selling Source LLC, resolving lawsuits that had started in 2014.

In addition to operating without a license, the three companies were accused of taking out expensive loans for out-of-state payday lenders who were…

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