Testimony of Spencer Cowan to Senate Financial Institutions Joint Hearing with Senate Commerce and Economic Development Committee and Senate Executive Committee Subject Matter Hearing on Racial Equity in Lending and Homeownership October 15, 2020 – The federal Community Reinvestment...
How Communities Would Be Impacted by New Federal Banking Rules: Final Analysis In the midst of the coronavirus pandemic, the Office of the Comptroller of the Currency (OCC) issued new rules to determine how banks are regulated under the Community Reinvestment Act...
39 Illinois groups sent a letter to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board of Governors on June 5, 2020. It urges the federal banking regulators to use...
Sign on Letter: CRA Addresses Racism To be sent June 5, 2020 **Contact Jenna to sign on** Re: Community Reinvestment Act Addresses Racism Dear Chair Powell, Chair McWilliams & Acting Comptroller Brooks: We are writing you today in a...
Mayor Lightfoot, Chicago Advocates Decry Plan to Weaken Anti-Redlining Rules During Pandemic, Federal Banking Regulator Intends to Gut Community Reinvestment Act FOR IMMEDIATE RELEASE: May 22, 2020 PRESS CONTACTS: For Woodstock Institute: Jenna Severson, 616-914-2844 (jseverson@woodstockinst.org) For Housing Action:...
How Communities Would Be Impacted by New Federal Banking Rules: Preliminary Analysis In the midst of the coronavirus pandemic, the Office of the Comptroller of the Currency (OCC) issued new rules to determine how banks are regulated under the...
STATEMENT: OCC Comptroller Otting’s Final Act Brings Chaos, not Certainty, to Anti-Redlining Law FOR IMMEDIATE RELEASE: May 20, 2020 PRESS CONTACTS: Jenna Severson (c) 616-914-2844 (jseverson@woodstockinst.org) CHICAGO, IL – In a serious blow to what was meant to be his signature...
Sent April 9, 2020 Advocate Letter to Governor JB Prizker Re: Payday Lenders taking Stimulus Payments This letter is supported by: Illinois PIRG Heartland Alliance & Illinois Asset Building Group Woodstock Institute Shriver Center on Poverty Law Chicago Urban...
Sent March 30, 2020 Advocates encourage Governor Pritzker to: Protect Homeowners by Providing Mortgage Relief Expand Access to Safe, Affordable Credit Help Families Make Ends Meet by Suspending Debt Collection and Banking Fees View Letter The letter is supported...
Borrowers Beware! Payday and Other Storefront Loans: Convenient but Costly By Brent Adams Updated 6-12-20, 2pm Woodstock continues to advocate for policies that would protect people from predatory loans that cost 300% APR or more. The U.S. Senate has...