September 13th, 2021, to the Chicago City Council Finance Committee meeting. My name is Horacio Mendez and I’m the President and CEO of the Woodstock Institute. The purpose of my comments are to emphasize the need for Chicago to...
Woodstock Institute recently signed on to a letter led by the National Consumer Law Center (NCLC) to the Federal Reserve Board of Governors regarding the Fed’s new person-to-person payment system, FedNow. As consumers have quickly adopted other payment apps,...
Woodstock Institute signed on to a letter led by Financial Inclusion for All Illinois (FIAI), a project of Heartland Alliance, urging the Illinois congressional delegation (and Rep. Danny Davis in particular) to support the update and expansion of the...
CRA reform efforts must address the fact that federal regulators have rated 95% of banks Satisfactory or better even though data show fewer regulated lenders meeting the law's goals.
Last year, millions of Americans rediscovered the importance of home. Besides safe havens, their homes became makeshift offices, schools, theaters and gyms— and the centers of family life like never before. A home is more than a place of...
WeProsper is a new partnership - and new site at weprosperil.org - dedicated to educating lawmakers and the public about predatory financial practices that strip wealth from communities, with a special focus on lower-income communities and communities of color....
The Advocacy Network will be our go-to base of activists, community leaders, and other individuals who want the financial sector to benefit all communities.
Lending Patterns by Nonbank Lenders Have Been Long Shrouded in Mystery FOR IMMEDIATE RELEASE: September 1, 2021 PRESS CONTACTS: Brent Adams, badams@woodstockinst.org, 773-844-5544 Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 Today, the Consumer Financial Protection Bureau (CFPB) released proposed rules requiring all...