CHICAGO (AP) — The Illinois Equal Justice Foundation is benefiting from a $7.2 million windfall that the state was given in a settlement with Chase.
Last month, the bank settled allegations that it used illegal tactics to go after struggling credit card borrowers and agreed to pay $95 million to 47 states. Illinois Attorney General Lisa Madigan decided the Chicago-based nonprofit would receive the state’s cut.
Now the Illinois Equal Justice Foundation, which helps decide which nonprofits get funding through the state’s annual appropriation for legal aid for poor residents, has the most money it’s had in years.
Leslie Corbett, head of the Illinois Equal Justice Foundation, tells the Chicago Tribune that she’s been fielding nonstop phone calls from organizations that want a share of the Chase settlement.
