Register for a briefing on CRA Q&A updates We have an opportunity today to let bank regulators know that it’s high time to update CRA for the modern era in a way that does not discourage banks from providing...
Woodstock Institute and advocates from across the country urged the Department to strengthen its proposed rules in May but, unfortunately, the final rule is inadequate to protect students from schools that fail to prepare them for the future. ...
HMDA requires most depository and non-depository financial institutions to report their mortgage lending activity and releases the data to the public. Recently, the Consumer Financial Protection Bureau (CFPB) issued new, proposed rules that would expand the reporting requirements of...
Woodstock Final HMDA Comment Letter.pdfThis letter commends the Consumer Financial Protection Bureau (CFPB) for proposing rules that expand the reporting requirements for the Home Mortgage Disclosure Act (HMDA). The letter urges the CFPB to further strengthen the rules by...
141028_woodstock_fhfa.pdfThis letter to the Federal Housing Finance Agency affirms the importance of creating strong affordable housing goals for Fannie Mae and Freddie Mac to promote access to mortgage credit for lower-wealth borrowers. It urges the FHFA to strengthen the...
The Bureau saw an increase in complaints about private student loans this year. Altogether, there were 5,300 private student loan complaints, up 38 percent from last year. Despite receiving thousands of complaints, the CFPB was able to identify common...