Springfield News
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Even while a wide swath of incumbent legislative candidates currently face no challengers, and while some incumbents have already failed their primary challenge, fundraising in the Capitol continues unabated. To get an inside track on the state of Capitol cash flows, we've rounded up select campaign finance data into four tables aimed at assessing the field of statehouse fundraising.
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- Payday lenders - 36 Illinois groups have petitioned US lawmakers to halt the rollback of payday loan protections implemented last year by the Consumer Financial Protection Bureau, according to a release from the Heartland Alliance. The bureau’s rule capped lenders at 36 percent interest rate, but with no legislative protection in place and a joint resolution aimed for repeal, Illinois borrowers could suffer a blow. “The payday lending debt trap is a harsh reality for many Illinois payday loan borrowers, the majority of whom make less than $30,000 per year. Research shows four of every five loans are re-borrowed within the month; and as a result, Illinoisans pay over half a billion dollars per year in fees,” the group writes. [Release]
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MAR 28, 2018
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MAR 27, 2018
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MAR 26, 2018
The state legislature won’t resume committee hearings until tomorrow, although the General Assembly’s agenda is staying light through the week with most legislators taking a reprieve. Executive agency and board meetings, however, will be at full speed by Wednesday. Today’s meetings are highlighted by a fishing expedition.
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Welcome to Illinois’ legislative spring break. While lawmakers enjoy a post-primary reprieve, we'll take a glimpse into some of the fundamental political forces outside of Cook County which have grown in influence over the last two years and are likely to shape November outcomes.
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MAR 23, 2018
