The Illinois Department of Financial and Professional Regulation has fined Payday Loan Stores more than $1.1 million for failing to protect consumer information. The fine is the result of the company throwing credit applications into the trash at its Bolingbrook location.
Every regulatory agency is looking for money. And what is easier than finding documents in the trash. This is a warning for any business in Illinois that the cost of an Illinois shredding service is a fraction of the cost of not shredding.
