MBA Letter on Re-Proposed Illinois CRA Rules to the Department and Legislative Staff

The Mortgage Bankers Association (MBA) appreciates the opportunity to again provide comments to the Illinois Department of Financial and Professional Regulation (IDFPR) on the implementation of Public Law 101-657 of 2021, the Illinois Community Reinvestment Act (ILCRA). MBA and our member companies are committed to providing fair and equitable access to credit, and they continue to work with government and private sector stakeholders to develop new products and strategies to reach underserved markets and communities. MBA also appreciates IDFPR’s extension of the comment period until March 6th as well as the opportunity to discuss MBA member views during a recent meeting.