The landmark Illinois Community Reinvestment Act (IL CRA) gives both small business owners and consumers an opportunity to increase access to credit and capital in Illinois communities, especially underserved and low- and moderate-income communities. The IL CRA will regulate financial institutions in our state, including banks, mortgage companies, and credit unions. How this will work and the rules is still being deliberated by the Illinois Department of Financial and Professional Regulation.
Join Woodstock Institute, Small Business Majority and Housing Action Illinois for a discussion on how these rules could strengthen accountability and equity of financial institutions in accessing small business capital and credit.