By Celeste Bott (December 22, 2021, 4:01 PM EST) – A pet chain sued the state of Illinois in federal court on Tuesday to challenge the constitutionality of a change in state law passed earlier this year banning the purchase of pets on credit, saying that between 50% and 80% of its sales involve consumer loans to finance the purchase of dogs from its affiliated stores and breeders.
Furry Babies Inc., which has branches in Illinois and Indiana, claims added “pets” subsection to the Illinois sales finance agency law – which prohibits any licensee license under the law to grant an installment loan for the purpose of purchasing a cat or dog – violates …
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