Senator Dick Durbin said today that some of the nation’s biggest banks are now offering what are essentially payday loans, with interest rates as high as 400-percent.
Hundreds of students at a Little Village school had big smiles on their faces on Thursday, after they all received a brand new winter coat.
Illinois Attorney General Lisa Madigan and the U.S. Department of Justice have reached a $175 million settlement with Wells Fargo on claims that the bank steered African-Americans and Latinos into risky subprime loans.
Wells Fargo bank will begin charging customers in five states a monthly fee to use debit cards. CBS 2’s Dorothy Tucker reports that could lead the way for banks in Illinois to try something similar.