(Source: Richard J Durbin) 11.16.15 [WASHINGTON, D.C.] - In response to growing demand for small dollar loans, U.S. Senator Dick Durbin (D-IL) wrote to the Community Bankers Association of Illinois, the Illinois Credit Union League, and the Illinois League of Financial Institutions to engage community banks and credit unions in developing alternative credit options for the twelve million Americans who fall victim to predatory payday loans every year. 'I would appreciate any suggestions you may have as to how we can work together to create a small dollar lending environment beneficial to borrowers, financial institutions, and the economy,' Durbin wrote. 'I also encourage you to highlight the...
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