Woodstock Institute opposes the Rauner Administration’s proposed rate increase on checking cashing at Illinois currency exchanges. The press release we issued critiquing the proposal is here. Subsequently, we submitted a counterproposal, which is here. The Department of Financial and...
FOR IMMEDIATE RELEASEJuly 28, 2017 Contact: Brent Adams ● 312-368-0310 (o) ● 773-844-5544 (c) The American Bankers Association has asked federal bank regulators, including the Office of the Comptroller of the Currency (OCC) and the FDIC, to repeal rules...
FOR IMMEDIATE RELEASEJuly 25, 2017 CONTACT:Brent Adams312-368-0310 (o)773-844-5544 (c) Statement of Woodstock Institute on House vote to roll back rule on forced arbitration: Today, the House of Representatives passed H.J. Res. 111, a resolution to repeal the new Consumer...
The result of five years of careful study and consideration, the rule would restrict the financial industry’s use of forced arbitration – a tactic Wall Street banks and payday lenders use to block consumers from challenging illegal behavior in...
Grovetta Gardineer, Senior Deputy Comptroller for Compliance and Community Affairs at the Office of the Comptroller of the Currency (OCC), which regulates national banks, presented on the March 15 release of a supplement to the OCC licensing handbook related...
Woodstock worked with Attorney General Lisa Madison and other consumer groups such as the Illinois Asset Building Group (IABG) and Citizen Action/Illinois to support the Student Loan Bill of Rights (SB1351) sponsored by Senator Daniel Biss and Representative Will...
After nine months of back and forth, NCRC board members Elisabeth Risch of St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) and Woodstock President Dory Rand successfully negotiated a three-year, $3 billion CRA agreement with The PrivateBank and...
Woodstock supported and commented on the rule throughout CFPB’s drafting process and sent a letter to all Illinois Senators and Congresspeople supporting the rule during its Congressional Review Act challenge in April. Twelve million American households use prepaid cards....
For Immediate ReleaseFriday, July 7, 2017 Contacts: Brent Adams, Woodstock(o) 312-368-0310(c) 773-844-5544 Angelica Rosales, consumer (bilingual)(contact Brent above to arrange interview) Tracy Occomy, COFI/POWER-PAC(o) 312-226-5141 Chicago, IL – Woodstock Institute, a not-for-profit organization that advocates for a more fair...
July 7, 2017Via Hand DeliverySecretary Bryan A. SchneiderDirector Francisco MenchacaIllinois Department of Financial & Professional RegulationJames R. Thompson Center100 W. Randolph Street, Ninth FloorChicago, Illinois 60601 Re: Request for Reconsideration & Woodstock Counterproposal Dear Secretary Schneider & Director Mechaca:...