Woodstock Institute signed on to a letter led by the National Community Reinvestment Coalition (NCRC) supporting the Office of the Comptroller of the Currency’s (OCC) harmful 2020 Community Reinvestment Act (CRA) rule. NCRC, Woodstock, and other advocates support an...
Woodstock Institute signed on to a letter led by Public Citizen urging the Biden Administration to cancel student debt and, until that happens, continue the payment pause on federal student loans.
During the Illinois General Assembly veto session the last week of October, Woodstock Institute and other consumer groups made the case that lawmakers should not proceed with a regulatory “sandbox”-like licensing scheme whereby a financial technology (“fintech”) company could...
Woodstock Institute signed onto a letter led by the Center for Responsible Lending, National Fair Housing Alliance, and UnidosUS to Congress highlighting the urgent need to include targeted down payment assistance funding for first-generation homeowners in the Build Back...
Woodstock Institute recently submitted a comment letter responding to a Request for Input (RFI) from the Federal Housing Finance Agency (FHFA). FHFA will require the Government Sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac – to submit Equitable...
By Steve Daniels, October 21, 2021 “This (lawsuit) is painting the Federal Reserve into a corner,” says Horacio Mendez, CEO of Chicago-based Woodstock Institute, a 48-year-old fair-lending organization. “I don’t believe this is a delay. I think they have...
By David Nicklaus, October 21, 2021 Horacio Mendez, president of the Woodstock Institute in Chicago, called the data “prima facie evidence” of “egregious redlining.” Woodstock, which does research on economic justice, joined the coalition seeking to block the merger. Complicating the...
The most effective way to ensure real compliance with any law or regulation is to make the punishment associated with non-compliance much more expensive than the cost to do it well.
FOR IMMEDIATE RELEASE: October 19, 2021 On Monday, St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA), Woodstock Institute and the National Community Reinvestment Coalition (NCRC) submitted comment letters opposing the proposed merger between First Mid Bank & Trust and Jefferson Bank & Trust to the Federal Reserve....
By James Drew, October 19, 2021 SLEHCRA and two other groups, the Woodstock Institute and the National Community Reinvestment Coalition, submitted letters Monday opposing the merger to the Federal Reserve Bank of Chicago. In addition to urging regulators to...