Woodstock signed on to a comment letter submitted by the Center for Responsible Lending in response to a proposal by the National Credit Union Administration (NCUA), the federal regulator for credit unions, that would allow credit unions to engage...
The Predatory Loan Prevention Act coalition created a fact sheet in support of Illinois’s new 36% interest rate cap on consumer loans. More than 140 supporters have signed on to the fact sheet, including lenders, government and elected officials,...
In light of a recent Supreme Court decision, Woodstock signed on to a letter led by the National Association of Consumer Advocates (NACA) to Congress, urging the legislature to update the statutory authority of the Federal Trade Commission (FTC)...
Woodstock signed on to a letter led by the Leadership Council on Civil and Human Rights to support Sen. Elizabeth Warren’s (D-MA) American Housing and Economic Mobility Act of 2021 (S. 1368). The bill would, among other things, modernize...
Last month, Woodstock signed on to a letter led by the National Consumer Law Center to support the Real Estate Valuation Fairness and Improvement Act of 2021 (H.R. 2553), which was just introduced in Congress by Reps. Emanuel Cleaver...
The new rate cap, which will be applied only to new loans, saves Illinois consumers over a million dollars in exorbitant fees and interest each day. A new Resource Guide offers options for people paying off a high-cost loan...