“Capping rates for short-term loans was our number one priority,” said Woodstock Institute Vice President Tom Feltner. “These reforms, passed overwhelmingly by the General Assembly with bi-partisan support, succeed in doing this and will ensure that borrowers are not...

By Michael Powell May 31, 2010 For two decades, Tyrone Banks was one of many African-Americans who saw his economic prospects brightening in this Mississippi River city. A single father, he worked for FedEx and also as a custodian,...

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By Joseph Ruzich May 28, 2010 Oak Forest resident Len Zabawa, 65, keeps his lawn neatly trimmed. But the yard on his neighboring property –– a foreclosed home vacant for more than a year –– has become an overgrown...

May 26, 2010   This morning, the Illinois House concurred with the Senate amendments to HB 537, legislation that would close a major loophole in the 2005 Payday Loan Reform Act. This compromise measure passed 108-1-1.  Crain’s explained the...

Importantly, our leaders in Washington must ensure that financial reform:   Includes a strong and independent consumer financial protection agency. Currently, the Senate’s Consumer Financial Protection Bureau would be housed within the Federal Reserve, while the House’s Consumer Financial...

Call Governor Quinn at 217-782-0244 and tell him that you support strong consumer protections. The proposal caps rates for nearly every short-term credit product in the state, prevents the cycle of debt causes by frequent refinancing, and gives regulators...

By Steven Ross Johnson May 23, 2010 Many have called it the great housing bubble — a period during the early to mid-2000s when there seemed to be no end to the rise in home values. But as is...

Click below to see photos from the conference. {flickr-album}Type=Photoset, User=48923005@N07, Photoset=72157624108876744{/flickr-album}