Illinois Passes Community Reinvestment Act

The new law impacts all financial entities regulated by the IDFPR. Although the Act provides that it effective immediately, Illinois will need to issue guidance and take other steps to implement the law. Wolters Kluwer is the recognized industry leader in technology solutions and consulting services for compliance with federal CRA requirements. Our experts are monitoring implementation requirements for the Illinois CRA law to help guide the compliance efforts of impacted institutions.

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