Small Dollar Loan Symposium
ALTERNATIVE SMALL DOLLAR LOAN SYMPOSIUM:
OPPORTUNITIES AND CHALLENGES FOR
ILLINOIS’ FINANCIAL INSTITUTIONS
IABG co-sponsored a symposium on the need for alternative small dollar loans at the Federal Reserve Bank of Chicago on November 17th, 2009. The event was also co-sponsored by the Office of State Treasurer Alexi Giannoulias, FDIC-AEI, and the Woodstock Institute. Panelists and speakers included Illinois State Treasurer Alexi Giannoulias and members of his staff, along with representatives from the Illinois Attorney General’s office,the Department of Professional and Financial Regulation, FDIC, Woodstock Institute, North Side Community Federal Credit Union, Lake Forest Bank & Trust, Heartland Alliance for Human Needs & Human Rights, and A Safe Place. The following materials were presented and/or distributed at the symposium:
Alternative Small Dollar Loans in Illinois: Creating sound financial products through regulation and innovation, a introductory brief by the Illinois Asset Building Group
Payday Loans: Definition, Use, Consumer Demographics, Chris Giangreco, Heartland Alliance for Human Needs & Human Rights
Leveling the Playing Field between Regulated and Unregulated Credit, Tom Feltner, Woodstock Institute
Consumer Installment Loan Act Reform, Brent Adams, Secretary, Illinois Department of Financial and Professional Regulation
Alternative Small Dollar Loan Product Table
For more information or resources, please contact Chris Giangreco at 312.870.4939 or cgiangrecgo@heartlandalliance.org