Erin McDuffie is from Ohio. Her husband grew up in Champaign, Ill. A mixed-race household with a toddler, they wanted to buy a house in a stable integrated South Side community. Their search led them to Beverly about three...
Read and sign on to the letter to the CFPB The industry has been pushing the CFPB to introduce a narrow rule that only regulates short-term payday loans with a balloon payment. As we’ve seen in Illinois and other...
A 2012 Woodstock report found that more than half of private-sector workers in Illinois—over 2.5 million—lack access to an employment-based retirement savings plan. Without individual savings, many retirees who rely solely on Social Security benefits will face the prospect...
140312_LegislativeAdvocacy101_Eccles.pdf Presented by Courtney Eccles at the 2014 National Community Reinvestment Coalition conference in Washington, DC.
Chicago, IL — On a vote of nine to five, and one Senator voting "present," the Illinois Secure Choice Program (SB2758) passed out of the Illinois Senate Executive Committee today. The bill will give millions of private-sector workers the...
A fast-track foreclosure process streamlines the foreclosure process in judicial foreclosure states—states in which residential foreclosures must be approved by the Circuit Court. The foreclosure process has a longer timeline for judicial foreclosure states. Illinois foreclosures, for example, took...
The CFPB alleges that ITT, which educates tens of thousands of students in over 40 states, is steering students into high-interest private student loans in order to afford ITT’s expensive price tag. While ITT students use federal student loans...
Evergreen Bank Group, a subsidiary of Bancorp Financial Inc., received an overall rating of “substantial noncompliance,” the lowest of four grades from the Federal Deposit Insurance Corp. on the bank’s compliance with the federal Community Reinvestment Act. The law,...
In a comment letter to the Office of the Comptroller of the Currency (OCC), Woodstock Institute encouraged the regulatory agency to approve the merger, with the condition that U.S. Bank make commitments to address public needs. Prudential regulators such...