September 21 2025

Illinois League Addresses Affiliation With Predatory Lender

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Illinois CU League President/CEO Sean Hession says that the league didn’t know that card issuer Continental Finance Company (which was issuing credit cards branded through Services CU, a privately-insured corporate credit union sponsored by the League) was engaged in illegal practices. Hession said the contract with Continental was negotiated in accordance with due diligence standards and that the relationship was established with the intent to provide credit card services to the underbanked and underserved. [2/12/15]

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