You searched for fines and fees and debt

Post-Pandemic Mortgage Market Plummets in Chicagoland, Hitting Black and Latine Homebuyers

For Immediate Release: July 2, 2025 Contact: Robert Mayo | hello@woodstockisnt.org As interest rates continue to rise, new lending data reveals a sharp decrease in lending activity and higher loan costs are putting homeownership further…

The Barrage of Bad News for Consumers Continues: The Consumer Financial Protection Bureau Announces That It Won’t Enforce Its Own Rules Aimed at Detecting and Stopping Discrimination Against Women-, Minority- and LGBTQI+- Owned Small Businesses

For Immediate Release: May 15, 2025 Contact: Robert Mayo | hello@woodstockinst.org **Media Interviews Available Upon Request** CHICAGO – In response to the news that the Consumer Financial Protection Bureau will not enforce its rule requiring…

Woodstock Institute Condemns Federal Judge’s Decision to Strike Down CFPB’s Cap on Credit Card Fees

For Immediate Release: April 18, 2025 Contact: Robert Mayo | hello@woodstockinst.org **Media Interviews Available Upon Request** CHICAGO – In response to a Texas federal judge’s ruling that strikes down the Consumer Financial Protection Bureau’s (CFPB)…

New rule lowers average credit card late fees from $32 to $8

The new rule is anticipated to save consumers more than $10 billion per year Immediate ReleaseMarch 5, 2024 ContactRobert Mayohello@woodstockinst.org | (312) 368-0310 x 2024 ILLINOIS – Woodstock Institute joins consumer advocates across…

Elected Officials and Financial Consumer Advocates Convened Virtual Town Hall to Present New Data on Small Business Loan Disparities

Historically, Black, Brown and low-income communities have disproportionately less safe and affordable small business financing options For Immediate Release: February 29, 2024 Contact: Robert Mayohello@woodstockinst.org | (312) 368-0310 x 2024 **Media Interviews Available Upon…

State Sen. Christopher Belt, Woodstock Institute, and Advocates Convened Town Hall Discussing Small Business Concerns

Black and Brown communities and low-income communities continue to face an uphill battle when it comes to safe and affordable small business financing options For Immediate Release: January 25, 2024 Contact: Robert Mayohello@woodstockinst.org | (312)…

New Rule Would Cap Overdraft Fees

Consumers paid over $7.7 billion in overdraft and non-sufficient funds fees in 2022 For Immediate Release:January 17, 2024 ContactRobert Mayohello@woodstockinst.org | (312) 368-0310 x 2024 ILLINOIS- Today the Consumer Financial Protection Bureau (CFPB) issued…

State Cracks Down on Pawnbroker Who Broke the Law and Cheated Military Families

Pawn Shop charged more than 240% APR on pawn loan to active-duty servicemember For Immediate Release: June 8, 2023 Contact: Brent Adams | hello@woodstockinst.org *Interviews available upon request* SPRINGFIELD – The State’s…

Pawnbrokers and Their Lobbyists Win at the Expense of Illinois Consumers

Pawnbrokers and their lobbyists stopped the Illinois General Assembly from passing legislation that would have made it illegal for pawn shops to charge triple-digit interest rates on consumer loans, despite the passage of the 2021…

Making Loans at 240% APR and Higher, Pawn Brokers Preying on Illinois Military Families

Download our latest Close the Pawn Broker Loophole Fact Sheet and read the release for a November 30 news conference. The release highlights progress in Springfield toward capping pawn broker rates and fees at 36%…

297% Interest Rates and Payday Lending a Thing of The Past Thanks to The Predatory Loan Prevention Act, Signed Into Law One Year Ago Today

In just one year, Illinois consumers have saved over $200 million in fees for high-cost loans, and families in underserved communities are finding safer alternatives for accessing cash

Latino legislative & community leaders discuss predatory lending in Illinois and nationally

Raul Raymundo and TRP’s Director of Financial Wellness Lizette Carretero joined U.S. Rep. Chuy García, D-Ill. and the Woodstock Institute team in briefing 50 Latino legislative and community leaders Monday about prospects for a national…

Consumer Protection Bureau Unveils Long-Delayed Proposal to Require All Lenders to Small Businesses to Report Race and Gender Data

Lending Patterns by Nonbank Lenders Have Been Long Shrouded in Mystery FOR IMMEDIATE RELEASE: September 1, 2021 PRESS CONTACTS: Brent Adams, hello@woodstockinst.org Today, the Consumer Financial Protection Bureau (CFPB) released proposed rules requiring all…

Chicago Clerk Valencia releases report on fees (OneIllinois)

Chicago Clerk Valencia releases report on fees By Ted Cox, OneIllinois Chicago might finally be ready for reform — when it comes to city fines and fees on parking tickets, city stickers, and the towing…

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? (WBEZ)

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? By Elliott Ramos, Claudia Morell, WBEZ During Chicago’s city elections, mayoral candidates were vying to fix the city’s broken ticketing, towing and debt-collection practices.…

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? (WBEZ)

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? By Elliott Ramos, Claudia Morell, WBEZ During Chicago’s city elections, mayoral candidates were vying to fix the city’s broken ticketing, towing and debt-collection practices.…

Post-Pandemic Mortgage Market Plummets in Chicagoland, Hitting Black and Latine Homebuyers

The Barrage of Bad News for Consumers Continues: The Consumer Financial Protection Bureau Announces That It Won’t Enforce Its Own Rules Aimed at Detecting and Stopping Discrimination Against Women-, Minority- and LGBTQI+- Owned Small Businesses

Woodstock Institute Condemns Federal Judge’s Decision to Strike Down CFPB’s Cap on Credit Card Fees

New rule lowers average credit card late fees from $32 to $8

Elected Officials and Financial Consumer Advocates Convened Virtual Town Hall to Present New Data on Small Business Loan Disparities

State Sen. Christopher Belt, Woodstock Institute, and Advocates Convened Town Hall Discussing Small Business Concerns

New Rule Would Cap Overdraft Fees

State Cracks Down on Pawnbroker Who Broke the Law and Cheated Military Families

Pawnbrokers and Their Lobbyists Win at the Expense of Illinois Consumers

Making Loans at 240% APR and Higher, Pawn Brokers Preying on Illinois Military Families

297% Interest Rates and Payday Lending a Thing of The Past Thanks to The Predatory Loan Prevention Act, Signed Into Law One Year Ago Today

Latino legislative & community leaders discuss predatory lending in Illinois and nationally

Consumer Protection Bureau Unveils Long-Delayed Proposal to Require All Lenders to Small Businesses to Report Race and Gender Data

Chicago Clerk Valencia releases report on fees (OneIllinois)

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? (WBEZ)

Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? (WBEZ)

Chicago City Council Approves Modest First Reforms On Ticketing And Debt (WBEZ, ProPublica Illinois)

On city sticker fees and fines, mayoral candidates blast Emanuel’s policies (Chicago Tribune)

Chicago’s predatory tickets and fines exploit low-income drivers for revenue (Chicago Reporter)

Debt-collection fix aimed at new target: Local government (American Banker)