According to a media release from the Center for American Progress, the groups sent the letter to NCUA Chairman Debbie Matz Thursday and warned that loans made by federally chartered credit unions, federally insured, state chartered credit unions and...
The national average, at 13.3 percent, isn’t all the way back to normal, but it would sound awfully good to places like Tampa, Cleveland, Las Vegas — or Chicago, where almost a quarter of mortgages are still underwater. Ironically,...
Unfortunately, the data collected for this research report don’t show any of the basic information about the loan applications. The only conclusion that could be drawn from the report is that in this particular scenario, women were less likely...
About a third of American workers lack access to a retirement plan through their employer. A recent report by the National Institute on Retirement Security shows that the median retirement account balance for all working-age households in the United...
On this Day of Action, the RBC wants Illinois elected officials to develop a budget that does not rely on cutting important services. You can participate by contacting your elected officials: CALL your lawmakers at 1-844-311-CUTS (2887). Tell the...
While it was obvious to Holly Petraeus, Assistant Director for the Office of Servicemember Affairs, and others who visit areas near military bases that high-cost, predatory lenders were preying on vulnerable service members and their families. CFPB and DoD...
Payday loans often trap consumers in a cycle of debt due to lump sum payments, high annual percentage rates (APR), and little consideration of whether borrowers can afford to repay their loans. To combat this, the CFPB is developing...
150720 DOL Fiduciary Rule Comment_updated final.pdf This comment letter responds to the U.S. Department of Labor’s proposed rule addressing the definition of fiduciary and the conflicts of interest in the retirement savings market. Woodstock Institute supports the DOL’s proposed...
State Senator Jaqueline Collins and Representative Arthur Turner sponsored SB1440 because, as more seniors are applying for reverse mortgages, the need for consumer protections has become undeniable. Seniors are more at risk of being victims of financial exploitation. In...
150514_woodstock_CFPB_studentloans.pdf Testimony of Katie Buitrago before the Consumer Financial Protection Bureau Field Hearing on Student Loans. In this testimony Buitrago discussed the impact for-profit colleges have on students’ economic opportunities, with these students graduating with more debt and fewer...