Illinois consumers find affordable alternatives to predatory loans: survey
Capping payday loan interest rates worked, allowing more wealth to stay in communities as consumers find new sources of fast cash.
Coalition Letter: Credit Reporting Issues that Impact Transgender and Nonbinary Consumers
Woodstock Institute signed on to a letter led by LGBTQ+, consumer, and legal advocacy groups and sent to the credit reporting bureaus and the Consumer Data Industry Association (CDIA) regarding the issues that transgender and nonbinary individuals encounter when...
Coalition Letter: Urging Treasury Secretary Yellen to Protect CTC and EITC Payments from Offset
Woodstock Institute signed on to a coalition letter led by the National Consumer Law Center, the Center for Law and Social Policy, and the Institute for College Access & Success urging Treasury Secretary Yellen to protect Child Tax Credit...
Letter of Support: Nomination of Dr. Lisa Cook to Federal Reserve Board of Governors
Woodstock Institute signed on to a letter led by the National Fair Housing Alliance (NFHA) supporting the nomination of Dr. Lisa Cook to a set on the Board of Governors of the Federal Reserve.
Predatory Loans for Puppies in Illinois Must be Stopped
A new report describes how TAB Bank helps predatory lender EasyPay make high-interest puppy loans. Woodstock Institute is teaming up with national consumer and animal welfare advocates to launch a campaign to stop TAB Bank from helping EasyPay gouge...
Letter of Support: Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act
Woodstock Institute signed onto a coalition letter led by Public Citizen urging the U.S. Senate to pass the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act (S.2342/H.R.4445). The bill would empower survivors of sexual assault and harassment...
Coalition Letter: Affordable Housing Investments in Budget Reconciliation Bill
Woodstock Institute signed onto a letter led by the National Housing Resource Center urging congressional leaders to prioritize strong investments in affordable housing and community development in the budget reconciliation process.
Chicago Sun-Times: Chicago-based lender stymied by state cap on interest rates
"Consumer advocates suspect Opportunity Financial, or OppFi, is fighting back against the limit of 36% on loan interest, but the company isn’t discussing its lobbying aims."
Coalition Letter: Urging FDIC to Stop Banks from Using Predatory Rent-A-Bank Schemes
Woodstock Institute joined a coalition letter with other national consumer advocacy groups urging the Federal Deposit Insurance Corporation (FDIC) to stop permitting its supervised institutions to front for predatory lenders evading state interest rate laws.
Advocates Call for FDIC, under New Leadership, to Stop Banks from Fronting for Predatory Lenders
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps