Dear Vincentians and Friends,
The Society of St. Vincent de Paul Chicago Council endorses the passing of Illinois HB 5840 and Illinois SB 4241. We are asking for your help to close the Pawnbroker Loophole in Illinois.
We are asking all Vincentians, their families, friends and co-workers to contact their State Representative and State Senator to let them know they support HB 5840 in the General Assembly and SB 4241 in the Senate. There is a very narrow window of opportunity, during the Veto Session, to make this happen.
The 240% APR charged by pawnbrokers should be illegal. Their business is based on draining money from people who are struggling. There are safer and better alternatives. Many of these were developed to provide options for consumers who have been historically shut out of the financial mainstream.
Make your voice heard today and contact your state legislators now by emailing your
legislators directly through this link: https://ssvpusa.org/take-action
To read the full context of Illinois HB 5840 from the Illinois General Assembly website, click HERE
To read the full context of Illinois SB 4241 from the Illinois General Assembly website, click HERE
Please forward and share this information with your family and friends and take a couple of minutes to email your State Representative and State Senator stressing to them that you support both Illinois HB 5840 and SB 4241.
God Bless and Thank You for Your Support,
Harry Ohde – Volunteer President/CEO, Society of St. Vincent de Paul Chicago-ADC