Illinois AG reaches settlement with Cos. on payday loans

By McCord Pagan (Nov 8, 2021, 7:43 p.m. EST) – The Illinois Attorney General’s Office and a state financial regulator say they’ve reached a deal with three payday loan lead generation companies which 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 had reached an agreement with MoneyMutual LLC, PartnerWeekly LLC and Selling Source LLC, resolving the proceedings initiated 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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