The IDFPR has released a second draft of the Illinois Community Reinvestment Act rules. The Illinois CRA law applies to state-chartered banks, credit unions, and mortgage lenders, and the agency has issued separate proposals for each type of charter. The IDFPR also provided a lengthy narrative document responding to major issues and concerns from within the written comments and testimony. The IBA is reviewing the revised rules and the narrative, and we plan to continue our ongoing dialogue with our state-chartered member banks and thrifts about the proposal. Read the bank proposal here. Read the narrative here. If you have questions, please contact Carolyn Settanni or Ben Jackson.