Pritzker endorses reforms on payday loans, employment and state contracts
Huge legislative package deal that caps payday mortgage curiosity at 36% per yr and topics employers to human rights complaints for denying folks hiring and promotions based mostly on felony historical past was promulgated on Tuesday by Governor JB Pritzker.
The 4 payments, that are a part of the Illinois Legislative Black Caucus’ efforts to fight systemic racism, are additionally designed to broaden entry to state contracts for minority-owned companies, girls and Folks with Disabilities. And one of many payments permits an individual convicted of a felony to reside in federally sponsored housing.
The reforms, a few of which had been proposed and failed up to now within the Illinois Common Meeting, will assist all Illinois however particularly black folks, supporters of the laws have stated.
Illinois Senate Majority Chief Kimberly Lightford D-Maywood stated financial reforms have been wanted as black folks usually face financial hardships rooted in racism which have made them poorer, much less educated , extra more likely to be incarcerated and extra more likely to reside in crime-ridden neighborhoods with fewer financial alternatives.