By Adam Doster April 29, 2009 Contrary to whatever you may hear from Rep. Luis Gutierrez in Washington, the payday loan reforms on the books in Illinois do not adequately protect consumers. Regulations that were established when the...
The report found that, in the seven large metropolitan areas examined, lenders covered by the CRA were far less likely to make higher-cost loans than lenders (both depositories and independent mortgage companies) not covered by the CRA. As policymakers...
The bill would: – Protect cardholders against arbitrary interest rate increases – Prevent cardholders who pay on time from being unfairly penalized – Protect cardholders from due-date gimmicks – Prevent companies from using misleading terms and damaging consumers’ credit...
payingmore3_april2009_collaboration_0.pdf This report analyzes 2007 Home Mortgage Disclosure Act data and finds that, in low- and moderate-income communities, depositories with CRA obligations originate a far smaller share of higher-cost loans than lenders not subject to CRA. It also finds...
April 22, 2009 The foreclosure crisis has devastated neighborhoods all over Chicago, but as described at a community meeting convened by the Rogers Park Community Development Corporation (RPCDC) March 21, Rogers Park has been one of the hardest...
By Matthew Blake April 18, 2009 Chicago, April 18 — President Barack Obama called the home mortgage crisis in February a “crisis that strikes at the heart of the middle class: the homes in which we invest our...
With friends like these as chair of the House Subcommittee on Financial Products and Consumer Credit, who needs enemies? Woodstock Institute and advocates across the country are asking Rep. Gutierrez not to call this bill and urging others to...
By Alexia Elejalde-Ruiz April 15, 2009 Lavern Herron came to the Austin neighborhood bearing turkey: turkey breast, turkey burger, turkey ham, turkey bacon, turkey pastrami and turkey sausage, all ready to be tossed in a salad, wrapped in...
occ_april2009_FDICtaxpreparerstandards.pdf Woodstock Institute submitted a comment letter to the Office of the Comptroller of the Currency to request that the OCC take action to establish meaningful third party supervision requirements for national banks that partner with tax preparers to...
April 14, 2009 The Department will devote considerable effort to the foreclosure crisis: preventing foreclosures whenever possible and, when they do occur, helping reduce their impact on families and neighborhoods. One of the keys to foreclosure prevention is...