Maybe you’ve joined us on one of our Grinch protests during our campaign to reform payday loan reform in Illinois. Or you worked with us to support the creation of the Consumer Financial Protection Bureau. Perhaps one of our...
When it comes to mortgage loan approval rates, a new study says that women are rejected more often than men. Chicago-based Woodstock Institute found that women were 24% more likely to be rejected for a first mortgage loan and...
In the sharpest criticism he’s received since returning to work, a Chicago civic and research group is ripping U.S. Sen. Mark Kirk, R-Ill., over his opposition to President Barack Obama’s pick to head the Consumer Financial Protection Bureau. “There’s...
Female-headed joint applications less likely to be originated than male-headed joint applications, Woodstock Institute finds CHICAGO—Female mortgage applicants are less likely to have their loans originated than are male mortgage applicants, Woodstock Institute finds in a new fact sheet....
Presentation for the 2013 National Community Reinvestment Coalition Conference in Washington, D.C. Spencer Cowan presented on Woodstock Institute’s “Unequal Opportunity” report, which identified disparities in lending for women in the Chicago six-county region.
Last week, we sent a letter to Sen. Kirk urging him to vote in favor of Cordray’s confirmation. Illinoisans continue to suffer the effects of predatory and deceptive financial practices. At a time when consumer debt issues have...
Are you STILL capable of being surprised by structural inequality, including but not limited to women and minorities’ inability to take advantage of various financial opportunities? Eh, us neither, we are used to it by now, but just in...
It’s no secret to anyone that lending has been tight after the bubble popped. But it turns out the impact of that problem hasn’t been felt equally. A new fact sheet from the Woodstock Institute reports that women are...
130311_cordray_kirk_signon_final (2).pdfSign-on letter Sen. Mark Kirk asking him to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau. Delaying his confirmation because of political brinksmanship would harm consumers, introduce destructive uncertainty into the financial system, and allow predatory financial...
A new study has revealed some apparent differences in the success rate of female and male mortgage applicants. The Woodstock Institute, a non-profit research organization, conducted a study based on Home Mortgage Disclosure Act (HMDA) data in the six...