Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released a report entitled “Access to Capital and Credit in Appalachia and the Impact of the Financial Crisis and Recession on Commercial Lending and Finance in the Region.” The report, which was...
These products are similar to payday loans because of their triple-digit interest rates, short terms with balloon payments, and lack of underwriting requirements before approval. Like payday loan borrowers, consumers who use deposit advance products often find themselves in...
These figures highlight the dismal performance of Midland States Bank at adequately serving the needs of the diverse communities where it works in Champaign County, Will County, and the greater St. Louis area. Midland States’ terrible track record raises...
The Bureau’s Office of Consumer Response is adding payday loans to its list of previously accepted complaints on bank accounts, mortgages, debt collection, credit cards, credit reports, money transfers, student loans, and other consumer loans. Now consumers will also...
In the five counties that surround Cook County, there were as many as 14,453 vacant homes in the second quarter of this year, up 63 percent from the end of 2010, when 8,852 homes were empty, according to U.S....
131028_woodstock_heartland_midland This letter urges the Federal Reserve Bank of St. Louis to carefully consider how the proposed acquisition of Midland States Bancorp, Inc. to acquire Heartland Bank would create a public benefit, especially for low- and moderate-income (LMI) communities...
Since the collapse of the housing market and onset of the foreclosure crisis, the idea of and public policies to support homeownership have been under attack. Six years into the crisis, the housing market continues to struggle, and many...
Municipalities and counties can apply for up to $75,000 from the Abandoned Property Program to secure, maintain, demolish, or rehabilitate vacant homes. Applications are due by 3pm CST on December 6, 2013 and will be disbursed in annual funding...
The 2014 conference will take place on March 12-14 and registration is now open! At this year’s conference, nearly 30 advocates from Illinois nonprofits, service organizations, research groups, and universities attended sessions focused on wealth and asset building, homeownership, fair...
We released research on disparities in mortgage lending to women, Chicago-area foreclosures, data collection on vacant buildings, eliminating payday lending, and more. We celebrated a huge advocacy victory as Governor Pat Quinn signed a bill eliminating asset limits for...