(The Center Square) – A bill headed to the Illinois House that aims to provide financial lending protections for businesses is being criticized as being bad for business. Senate Bill 2234 from state Sen. Christopher Bel.
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 wgil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wgil.com Daily Mail and Mail on Sunday newspapers.
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.