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Last Updated on Friday, 7 March 2008 12:58 Written by rslcpol Friday, 7 March 2008 12:57
Illinois Attorney General Lisa Madigan launched an investigation on March 6 to determine whether two U.S. mortgage lending giants violated fair lending and civil rights laws by steering large numbers of African Americans and Latinos to high cost home loans.
The investigation comes on the heels of a Web exclusive story of The Chicago Reporter, which first reported the trend after analyzing three years of data the banks reported last spring to the federal government.
This entry was posted on Friday, March 7th, 2008 at 12:57 pm and is filed under Attorney General News.
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