SPRINGFIELD – In 1977, then-President Jimmy Carter signed into law the Community Reinvestment Act, a federal law that sought to wipe away the last vestiges of racial discrimination and redlining
Unlike the federal law, which applies primarily to nationally chartered banks, the state law applies to state-chartered banks and savings banks, credit unions and non-bank mortgage lenders.
After 3 years, state poised to enforce law aiming to end lending discrimination cilfm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cilfm.com Daily Mail and Mail on Sunday newspapers.
Reporting discrimination: New, but delayed, reporting requirements seek to identify bias in small business loan approvals and denials wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.