121023_cowan_IRMB.pdf Testimony of Spencer Cowan before the Illinois Residential Mortgage Board Public Hearing on housing trends in the Chicago region, particularly the disparate housing recovery in low-wealth communities in communities of color.
Tell regulators to crack down on Wells Fargo’s payday lending Wells Fargo offers a short-term, high-cost, payday-style loan called the Deferred Deposit Advance in 26 states, including Illinois. These loans: • Charge annual percentage rates up to...
The Consumer Financial Protection Bureau proposed a number of regulatory changes that would significantly improve how loans are serviced. For example, the CFPB’s proposals would increase transparency in the servicing process by appointing a single point of contact for...
My children’s experience is a testament to the power of college savings. Having an affordable, fixed-rate, long-term mortgage allowed me to also set aside money for my children’s college education. Despite ups and downs in the stock...
Woodstock Institute released a report last month showing that more than half of private-sector employees in Illinois, over 2.5 million workers, do not have access to a retirement savings plan at work. That figure is troubling because employment-based retirement...
By Dawn Turner Trice October 7, 2012 Generations of Valerie Magee’s family, from her grandparents to her children, have deepened their roots in the black middle class, finding a pathway to prosperity through college education and the support...