An Illinois college savings program that stopped taking applicants last year is back in business with a new management team. College Illinois allows parents to lock in a price for their children’s future tuition and save money to pay it.
Illinois Governor Pat Quinn is hinting his so-called grassroots campaign to rally support for an overhaul of the state's pension system will involve social media and the Internet. Lawmakers have failed to come up with a plan to deal with the roughly $85 billion pension funding gap. Legislators couldn't agree on an approach during a special session last month.
A southern Illinois judge is temporarily prohibiting Gov. Pat Quinn from closing state correctional facilities. The American Federation of State, County and Municipal Employees says Circuit Judge Charles Cavaness in Alexander County granted the union's request for a temporary restraining order. The order keeps Quinn from closing prisons in Tamms and Dwight, and three halfway houses and youth detention centers in Joliet and Murphysboro.
Illinois Gov. Pat Quinn has signed a new law he says will protect consumers from payday lenders. Quinn signed the law Monday. It requires lenders be licensed by the state Department of Financial and Professional Regulation or be charged with a felony. Right now the agency has licensed 522 payday lenders. The new law also protects consumers who are trapped in high-interest loans from having to pay back the debts, allowing such loans to be declared null and void.