By Greg Bordonaro May 31, 2009 The state Senate has passed legislation designed to protect Connecticut neighborhoods from the disrepair and blight of uninhabited foreclosed properties and hold financial institutions that own those homes responsible for their repair....
By Nathalie Tadena May 29, 2009 Fighting foreclosures is a major political battle in Washington, D.C. For some Evanston residents, the fight is hitting close to home. In Evanston, the owners of 83 properties filed for foreclosure from...
By Adam Doster May 29, 2009 If you’ve been following our coverage of the effort to rein in payday lending in Illinois, you’ll be familiar with the following timeline. In 2005, the state legislature first regulated these predatory...
benchmarkingbranchoutcomes_may2009_smithdudabush_0.pdf Geoff Smith, Sarah Duda, and Malcolm Bush This report demonstrates that measuring how well a bank provides basic banking services to low-wealth consumers could be done using existing data. Using proprietary data collected from two bank branches located...
The report, entitled Benchmarking Branch Outcomes, uses proprietary data collected from two bank branches located in low-wealth communities. It found that the type of transaction level data, previously thought to be unavailable to regulators and costly to collect for...
fed_may2009_morganstanley.pdf Comment letter stating requesting that the Federal Reserve expand the CRA responsibilities of Morgan Stanley Bank beyond its historic Salt Lake County Utah CRA Assessment Area since it converted to a bank holding company. Since Morgan Stanley does...
“The Consumer Installment Loan Reform Act was the result of over a year of numerous open meetings between consumer advocates and industry players,” said Tom Feltner of the Woodstock Institute. “The proposal represented a reasonable direction – balancing the...
By Karen Berkowitz May 27, 2009 Foreclosure filings are increasing at a faster pace in the north and northwest suburbs than in other sections of Cook County as mortgage defaults spread well beyond the subprime loan market. In...
By Dawn Rhodes May 24, 2009 A wave of economic stimulus funds may flow into Latino neighborhoods most devastated by the housing crisis, yet Chicago housing agencies say the money won’t fix all their problems. Chicago’s Neighborhood Stabilization...
To guide this process and make it more transparent, we need publicly accessible data on all financial products and services that affect our communities, similar to the disclosures currently mandated for banks under the Home Mortgage Disclosure Act. Mortgage...