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The Division of Financial Institutions, Consumer Credit Section is responsible for licensing and regulating consumer companies/services. These entities include: Consumer Installment Lenders, Sales Finance Agencies, Payday Loan Lenders, Debt Management Services, and Safety Deposit Boxes. The Consumer Credit Section also investigates consumer inquiries and complaints.




Notice Regarding the Consumer Reporting Database and the Predatory Loan Prevention Act (and FAQs about the Act)

On March 23, 2021, Governor JB Pritzker signed Senate Bill 1792, including the Predatory Loan Prevention Act (“PLPA”), into law as Public Act 101-0658. This notice includes reasons why the Department does not intend to take adverse supervisory or enforcement action for violations of certain reporting and title-secured loan requirements. There are also Frequently Asked Questions (FAQs) about Public Act 101-0658 and the PLPA below.