Illinois CRA Comment Letter
Considering the absence of race in this NPR, it would seem that there is a disconnect between the legislative intent of the IL-CRA and the law’s proposed implementation and enforcement.
Cal Bradford: The CRA Prohibits Race Discrimination
Here we share a 2022 article by longtime CRA expert Cal Bradford showing that race is central to the Community Reinvestment Act.
Violating Your Way to an Outstanding CRA Rating
Federal laws that were supposed to help bank regulators overcome racial discrimination didn't work, Cal Bradford shows in this article
Pawnbrokers and Their Lobbyists Win at the Expense of Illinois Consumers
Pawnbrokers and their lobbyists stopped the Illinois General Assembly from passing legislation that would have made it illegal for pawn shops to charge triple-digit interest rates on consumer loans, despite the passage of the 2021 Predatory Loan Prevention Act...
Pawn Loans and the Wealth Gap in Illinois
Households that do not have a bank account are nearly five times as likely to be pawnshop borrowers as households with a bank account. Over 80% of pawnshop loan borrowers are unbanked, which is one reason consumers turn to...