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Home loans hold up at insanely low rates

Mortgage rates are holding up today, with the 30- and 20-year loan tight to less than 3% and the 15-year loan just a notch above 2.4%. Rates are largely unchanged from yesterday and average as follows: The data source: The Ascent National Mortgage Interest Rate Tracker. 6 simple tips to …

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Illinois Coronavirus Advice: Zero Rate Loans Available to Suburban Cook County Businesses, Independent Contractors, Announces Board Chairman Toni Preckwinkle

CHICAGO (WLS) – Cook County Council Chairman Toni Preckwinkle on Friday announced a new loan program for small businesses and independent entrepreneurs. The loans will be one-time, zero-interest loans given to small suburban businesses with up to 25 employees and residents who account for more than half of their income …

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Payday lenders say CFPB lending rules are illegal

CFPB headquarters. (Source: Shutterstock) Business groups representing payday lenders are lobbying a Texas federal judge to overturn the controversial CFPB payday loan rule. The Consumer Financial Services Association of America and a Texas trade group argued that since the United States Supreme Court ruled the original CFPB structure unconstitutional, the …

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PPP loans, charter schools and more

Studies in this week Gathering of Hutchins find that PPP loans increase businesses’ chances of survival, but don’t always reach the right businesses, charter schools improve the quality of the traditional public school workforce, and more. Would you like to receive the Hutchins Roundup by email? Sign up here to …

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