AFRS: IL interest rate cap poised to present headwinds for auto finance

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The Illinois 36% “all-in” rate cap, or Predatory Loan Prevention Act enacted March 23 is poised to present significant challenges to the auto finance industry in the next year if other states and the federal government implement similar statutes, Ken Rojc, managing partner at Nisen & Elliott, said during the Auto Finance Risk Summit on […]





Source : AutoFinanceNews