Senator Biss is traveling the state to talk about senate bill 2758. The bill focuses on fixing the retirement savings crisis in the private sector and keeping many retirees from depending only on social security. The idea is to...
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The CFPB was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act as the first federal financial regulator whose focus is protecting the rights of consumers. No matter who you are—a credit card borrower, student borrower, homeowner,...
The report makes it clear that overdraft products are one of the reasons that people do not participate in the mainstream financial system and often end up paying more for financial transactions at alternative, non-bank financial services providers. We...
Federal Housing Finance Agency Director Mel Watt appeared today at the Woodson Regional Library in Washington Heights to raise awareness of the Home Affordable Refinance Program, which has lowered borrowing costs for about 184,000 homeowners in the Chicago area...
What they knew about Austin was what most people learn from the news: the crime, the poverty. But then the couple visited a historic and leafy enclave that's on the border of Oak Park and for years has been...
The study, which examined the over 1.5 million people who applied for mortgage loans in 2012, found that of the over 250,000 people who had their mortgage application denied, 40 percent were African American while just 14 percent were...
In a letter to the federal Office of the Comptroller of the Currency (OCC) which has oversight on such mergers Woodstock Institute asked the OCC to approve the merger “on the condition” that U.S. Bank “commits to increasing mortgage...
These savings and loan co-operatives date back to 1960 in Derry and 1964 in Wimbledon. The first legislation, in 1979, was the dying act of the Labour government, drawing on the supportive recommendations of the National Consumer Council. The...
This is after a series of post-crisis banking scandals revealing the fragility of the banking system and after JPMorgan Chase was the only bank to receive an SEC fine combined with an admission of wrongdoing for its well-publicized London...