CHICAGO — Illinois Gov. George Ryan has announced a plan to crack down on predatory lending in the state.

Gov. Ryan, a Republican, unveiled regulations Thursday that would prohibit the financing of credit insurance, fraudulent or deceptive practices, loan flipping, and negative amortization and that would require lenders to verify borrowers’ ability to pay. The proposed regulations go to the state General Assembly’s Joint Committee on Administrative Rulemaking for final approval.

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