Practitioner’s Guide to Combating Predatory Lending

Posted by on June 26, 2004

[posted from LISC e-newsletter]

The Chicago Loan Shark Task Force (CLSTF)

Task force members, with support from the National Training and Information Center (NTIC), conducted a successful advocacy campaign for legislation to prohibit predatory lending practices. NTIC held a national conference on predatory lending, where the CLSTF and other stakeholders formed the statewide Illinois Coalition Against Predatory Lending. Through state testimonies, meetings with political leaders, and ongoing advocacy, task force members helped Chicago to become the first city to pass an anti-predatory lending ordinance in August 2000 and later that year, state regulations also went into effect. For more information about public awareness campaign strategies and predatory lending, download “A Practitioner’s Guide to Combating Predatory Lending” a report published by The Neighborhood Reinvestment Corporation and LISC, from the LISC Online Resource Library.

http://www.lisc.org/resources/2004/06/practitioners_7027.shtml