Industry News

Lawsuit challenges Illinois anti-predatory-lending program

Counseling in some Chicago ZIP codes amounts to redlining
Published on Nov 2, 2006

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by CareyBot

A pilot program that requires some borrowers in 10 Chicago ZIP codes to receive credit counseling before signing off on a home loan amounts to state-sponsored redlining, according to a lawsuit by residents and real estate professionals. The lawsuit, filed ...

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