After 3 years, State poised to enforce law aiming to end lending discrimination
By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com 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 in America’s home mortgage industry. The idea was simple. By requiring lenders – primarily banks – to...