SEP 01, 2021
The Chicago Treasurer and Department of Finance aren’t fully taking advantage of city rules meant to crack down on inequitable lending, Chicago Inspector General Joseph Ferguson found in a report. [Heather Cherone/The Daily Line]
City finance officials don’t take banks’ lending patterns into account when investigating whether they’re worthy of holding the city’s assets, ignoring one of the city’s only tools to fight endemic racism in the banking industry, a city watchdog found in a report published Tuesday.
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