Illinois AG Reaches Settlement With Cos. Over Payday Loans

By McCord Pagan (November 8, 2021, 7:43 PM EST) -- The Illinois Attorney General's Office and a state financial regulator have said they reached a settlement with three payday loan lead-generation companies that requires them to immediately stop offering their services to consumers in the Prairie State without a license.

In a joint statement Friday, the state Attorney General's Office and the Illinois Department of Financial and Professional Regulation said they reached a settlement with MoneyMutual LLC, PartnerWeekly LLC and Selling Source LLC, resolving lawsuits that started in 2014.

In addition to operating without a license, the three companies were accused of arranging expensive loans for out-of-state payday lenders who were...

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