Quick Hit Adam Doster Friday May 21st, 2010, 10:28am

Payday Loan Reform On The Schedule

Payday lenders, beware. The installment loan reform bill (HB 537) we've been tracking for months, which would close a gaping loophole in the 2005 Payday Loan Reform Act, has been assigned to the House Executive Committee and will get a hearing Monday afternoon. Also on tap are a few technical changes to the pension borrowing bill (SB 49), which still has no Republican supporters. The Sun-Times editorialized in favor of the measure this morning, writing that a payment delay "defies all logic."

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