Woodstock Institute has signed onto two letters supporting Section 1071 of the Dodd Frank Wall Street Reform and Consumer Protection Act. Section 1071 requires lenders to small businesses to collect and report on the racial, ethnic, gender, and sexual...
The report’s policy recommendations are the result of work between community organizations and different kinds of mortgage lenders, as part of the Mortgage Access Initiative led by Woodstock Institute and Neighborhood Housing Services of Chicago **Media Interviews Available Upon...
Mortgage lenders continue to overwhelmingly favor White neighborhoods over Black neighborhoods, perpetuating cycles of underinvestment and racial inequity. The Mortgage Access Initiative is an effort to tackle this issue head-on. In 2020, WBEZ and City Bureau’s “Where Banks Don’t...
Woodstock Institute is joining a broad coalition of advocacy organizations calling on the IRS to streamline our tax filing system by adopting a free and fully accessibly direct tax filing tool. Our current tax filing system drains billions from...
Woodstock Institute is joining other consumer advocate groups in signing onto a letter to the House Appropriations Committee opposing certain provisions of the FY2024 Financial Services and General Government (FSGG) appropriations bill. These provisions would undermine important consumer protection...
The Consumer Financial Protection Bureau is currently the target of litigation that threatens to unravel the entire agency. Woodstock Institute is joining 90 other state and local nonprofits in signing onto an amicus brief defending the CFPB from this...
Woodstock Institute and other consumer advocates are opposed to HB 1519, a bill backed by the Income Share Agreement (ISA) industry that would codify some of the industry’s worst practices — practices that saddle graduates with a mountain of...
Brent Adams testified on March 28 at the Subject Matter Hearing: HB 3064 (Huynh) - Small Business TILA Illinois House of Representatives, Committee on Financial Institutions & Licensing.
Considering the absence of race in this NPR, it would seem that there is a disconnect between the legislative intent of the IL-CRA and the law’s proposed implementation and enforcement.
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 Predatory Loan Prevention Act...