Banks, credit unions and mortgage companies will soon have to report to state regulators about how many loans they make in low-income, high-minority neighborhoods. That's the result of a state law passed in 2021 as part of the Legislative Black Caucus' social and economic reform agenda.
Mortgage
President Obama launches a revamped mortgage relief program; changing a program that many labeled a failure. Eddie Arruza and his panel look at so-called "underwater" homeowners in the Chicago area, and how the new program might help.
Are senior citizens bailing out banks by accepting low deposit interest rates? Author and Chicago Sun-Times Financial Columnist Terry Savage joins us to talk about what she calls the "generation wars."
