NEW CHECK-CASHING RATES Effective July 1, 2018, at Illinois Currency Exchanges The cost to cash a check is now determined by check type in addition to check amount. If you’re cashing a payroll check for $1000 or less, you...
Woodstock Institute Statement on Kathy Kraninger Senate Banking Committee Hearing FOR IMMEDIATE RELEASE: July 18, 2018 PRESS CONTACTS: Brent Adams (c) 773-844-5544 (firstname.lastname@example.org) or Jenna Severson (c) 616-914-2844 (email@example.com) Chicago, IL – Kathy Kraninger, President Donald Trump’s nominee...
Response to RFI – CFPB Consumer Complaints – July 16 2018
By Bob Susnjara, Daily Herald About 1.2 million Illinois residents will have money automatically deducted from their paychecks for a retirement savings plan through a new state program being phased in 3½ years after becoming law — a move the state...
The latest bank to take ‘usual suspects’ approach to serving low-income Chicago June 29, 2018 By Steve Daniels , Crain’s Chicago Business Photo by BloombergCIBC headquarters in Toronto Nearly a year ago, advocates applauded PrivateBancorp and its Canadian acquirer, CIBC, for striking...
Report: Debt Practices Across the Country Create Downward Spirals for Low-Income Communities and Communities of Color
Report: Debt Practices Across the Country Create Downward Spirals for Low-Income Communities and Communities of Color New Report from Four-State Collaborative Reveals Economic, Racial, and Other Bias in Debt Collection Practices Across the Country FOR IMMEDIATE RELEASE: Wednesday,...
June 27, 2018 This report was compiled by the Multi-State Collaborative, which is composed of four partner organizations serving four states: California Reinvestment Coalition (CA); Woodstock Institute (IL); Maryland Consumer Rights Coalition (MD); and Reinvestment Partners (NC). With funding...
Response to RFI – CFPB Inherited Rules June 25 18
By Fran Spielman, Chicago Sun-Times
Mayor Rahm Emanuel was urged Thursday to go easier on parking and vehicle ticket scofflaws after a new report showed the city’s get-tough enforcement policies were having a disproportionate impact on low-income and minority communities.
In a report appropriately called, “The Debt Spiral,” the Woodstock Institute examined 3.6 million vehicle-related tickets issued by the city in 2017.
Those tickets included: 273,000 issued by red-light cameras; 250,000 by speed cameras; 187,000 sticker violations; 175,000 tickets for expired meters; 162,000 for expired license plates or temporary registrations and 144,000 for street cleaning violations.
Results of the ZIP code-based study were not all that surprising, but troubling nevertheless.
Tickets were 40 percent more likely to be issued to drivers from low-and-moderate income areas than to motorists who live in higher-income neighborhoods. The same 40 percent disparity existed for drivers from predominantly minority neighborhoods.
Motorists from low- and moderate-income and minority neighborhoods also were more likely to have their driver’s licenses suspended; more prone to let their tickets go unpaid, triggering hefty penalties, and 50 percent more likely to be driven into bankruptcy.
“That’s pretty damning. That’s a pretty large disparity,” said Lauren Nolan, director of research for the Woodstock Institute.
“It’s hard to tell without analyzing foot-level data of where they’re deploying staff whether it’s people not complying or the way they enforce it. But the hammer is coming down particularly hard in lower-income areas on these compliance-type tickets.”
Low and moderate-income ZIP codes make up 43 percent of the city, but have 54 percent of all speed cameras and 50 percent of all red-light cameras, the study showed.
“Where the city decides to place cameras has a disparate impact on low-income populations. … You’re more apt to get a speed ticket or a red-light ticket if you’re driving through that area than if you’re driving through areas that don’t have those cameras,” Nolan said.
Whatever the reason for the disparity, the findings clearly show that the city’s “punitive” debt collection policies are unfairly squeezing those who can least afford it and need to be relaxed, Nolan said.
She’s urging the city to end the practice of suspending driver’s licenses for non-moving violations such as parking tickets and expired city stickers and offer motorists the option of paying off their debts with community service, instead of fines.
Chicago was also urged to: offer more generous payments plans; follow New York City’s lead by imposing an eight-year statute-of-limitations on old tickets; adopt a San Francisco-style “fix-it” option to fines, and stop requiring city job applicants to pay off their outstanding city debts.
“We need to stop spiraling people into debt over these tickets. License suspensions were originally designed to deal with problematic driving — somebody who’s an unsafe driver or has something like a DUI,” Nolan said.
“Increasingly, we’re seeing license suspension being used to enforce other things like parking tickets. That’s particularly problematic because, if you don’t have a license and you can’t get to work and earn money, how are you ever gonna pay off these tickets?”
Chicago Vehicle Ticketing Unfairly Burdens Low-income and Minority Communities New Report Reveals Possible Racial, Geographic, or Economic Bias in Ticketing Practices FOR IMMEDIATE RELEASE: June 21, 2018 PRESS CONTACT: Jenna Severson (c) 616-914-2844 (firstname.lastname@example.org) or Lauren Nolan (o)...