Among the many programs and agencies targeted for elimination and cuts are the Home Affordable Modification Program or HAMP, the Consumer Financial Protection Bureau (which doesn’t even launch until July 21, 2011), and funding for the Securities & Exchange...
Why are these new protections so necessary? What are small consumer loan borrowers up against until this law takes effect? Our research documenting the state of payday and consumer installment lending in Illinois discovered that: • Illinoisans were paying...
By Micah Maidenberg March 16, 2011 With the General Assembly’s new session heating up, many of our recent posts have focused on proposals now under discussion in Springfield — and we’ll have much more in the coming days and...
That’s why we oppose recent efforts to eliminate HAMP and other foreclosure response programs, like the Neighborhood Stabilization Program. Pulling out support to distressed homeowners at this juncture would be disastrous for neighborhoods trying to recover from the foreclosure...
By Michelle Stoffel March 11, 2011 Foreclosures continue to rise in Arlington Heights, bringing additional costs to the village, though officials say there’s little they can do on the local level. According to statistics gathered by the Woodstock Institute,...
We have a great—and paid—opportunity to help us do the data analysis that forms the foundation of our widely-cited and acclaimed research reports. You’ll learn the ins and outs of working with financial industry-related data sets, including Home Mortgage...
By Maya Jackson Randall March 10, 2011 The fight over federal efforts to rein in financial firms’ debit card processing fees continued Thursday, with bank officials presenting their case to Federal Reserve Board members and retailers rallying in the...
By Mary Ann Meyers March 9, 2011 A bipartisan movement is picking up steam in Springfield to repeal a law that cuts or eliminates unemployment benefits for thousands of Illinois seniors. One of those seniors is Nancy Solomon, a...
By Alden Loury March 9, 2011 It’s clear that Chicago needs more affordable housing. Nearly half of Chicago households paying a mortgage and nearly half of Chicago households paying rent are spending 30 percent or more of their household...
March 9, 2011 Although the stock market and other major economic indicators such as gross domestic product continue to rise, foreclosures in Berwyn are also climbing. The number of local foreclosure filings jumped from 659 in 2009 to 791...