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IL HB0823
Bill
Status
Passed
8/24/2017
Primary Sponsor
LaShawn Ford
Click for details
AI Summary
- Amends the Division of Banking Act by adding Section 6.2 regarding community reinvestment practices
- Requires the Division of Banking to review federal Community Reinvestment Act performance evaluations conducted by primary federal regulators of financial institutions under Division oversight
- Directs the Division to monitor efforts by state-chartered banks to meet credit needs of communities they serve, including low-income and moderate-income neighborhoods, while maintaining safe and sound banking practices
- Authorizes the Department to electronically publish an annual report containing federal Community Reinvestment Act performance evaluations of state-chartered banks
Legislative Description
BANKS-COMMUNITY REINVESTMENT
Last Action
Public Act . . . . . . . . . 100-0304
8/24/2017
Committee Referrals
Financial Institutions4/25/2017
Assignments3/22/2017
Business Incentives for Local Communities2/8/2017
Rules1/31/2017
Full Bill Text
No bill text available