Illinois

Two banking bills signed by Gov. J.B. Pritzker carry implications for payday lenders, auto title lenders, credit unions and nonbank mortgage lenders. Pritzker, a Democrat, said the bills will address racial-equity gaps in the state.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

Asset Recovery Associates told borrowers that it could sue them, garnish their wages and place liens against their homes, according to a consent order by the consumer bureau.

Rating criteria changes and a ruling in the Puerto Rico III case have undermined some investors' and analysts' confidence in revenue pledges.

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

Chicago officials say the city will complete its $3 billion securitization program with a $600 million deal as soon as January.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.

Bridgeview, Illinois is the second Illinois home rule community to take advantage of new borrowing program.

The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.