Bill seeks greater transparency of nonprofits’ pay data

By Matthew Walberg, Chicago Tribune reporter October 26, 2012 Newly proposed legislation would close a loophole that allows publicly funded nonprofits to shield financial arrangements their executives have with private management companies. Under the proposed amendment to the state's procurement code, charities must disclose all "ownership interests, operating agreements, partnerships or other relationships" they have with for-profit entities. State Rep. Greg Harris, D-Chicago, said he filed the legislation in response to a series of Tribune reports showing that pay rates for … more
Department on Aging’s approach sought to protect homebound disabled adults

December 10, 2012 By Coleman
By GEORGE PAWLACZYK AND BETH HUNDSDORFER — News-Democrat The Illinois Department on Aging will be asked to help carry out reforms to protect disabled adults who live at home and investigate when they are neglected or abused, according to a proposal announced Friday by Gov. Pat Quinn. And Quinn named Michael McCotter, a former… [Continue Reading]
GOVERNOR QUINN SIGNS LAW TO CRACK DOWN ON LOAN SHARKING

Governor Pat Quinn today signed a new law to shield consumers from unlicensed lenders. House Bill 3935 imposes a Class 4 felony on lenders who have not been licensed by the Illinois Department of Financial and Professional Regulation (IDFPR), and protects consumers trapped in these high-interest loan deals from having to pay back the debt. Today's action is the latest by the governor to crack down on predatory lending and help consumers. “Two years ago, we signed new laws to curb … [Read More...]











