How about a ‘Presumption of “Needs to Improve?’”
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.
Comment Letter: Opposing the Merger of First Mid Bank & Trust and Jefferson Bank & Trust
RE: Application by First Mid Bancshares to acquire Delta Bancshares Company and Jefferson Bank and Trust Woodstock Institute submits this comment on the application of First Mid Bancshares, of Mattoon, Illinois, (First Mid) to acquire Delta Bancshares Company, and...
Testimony of Horacio Mendez at Illinois Community Reinvestment Act rulemaking hearing
Illinois has a historic opportunity to ensure state banks, state credit unions, and mortgage companies invest mortgage capital equitably. The ability for the State of IL to hold all lenders accountable for the impact they have on the residents...
Public comment at FHFA Enterprise Equitable Housing Finance Plan Listening Session
GSEs must change appraisal rules to help end the racial wealth gap.
Comment Letter: Urging HUD, VA, and USDA to Extend Deadline to Start COVID-19 Forbearance Plans
Woodstock Institute signed on to a letter led by the National Consumer Law Center (NCLC) requesting that the US Department of Housing and Urban Development (HUD), the US Department of Veterans Affairs (VA) and the US Department of Agriculture...
Comment Letter: Urging Transparency in Homeowner Assistance Fund Program
Woodstock Institute recently signed on to a letter led by the National Consumer Law Center (NCLC) and the National Housing Law Project. The letter urges the U.S. Treasury Department to ensure accessibility, transparency, and accountability in the administration of...
Comment Letter: Advocates Urge NIST to Promote Equitable Use of Artificial Intelligence
Woodstock signed on to a letter led by the National Fair Housing Alliance (NFHA) to respond to the National Institute of Standards and Technology’s (NIST) request for comment on their proposal on identifying and managing bias in artificial intelligence...
Testimony of Horacio Mendez to Chicago City Council Finance Committee supporting Lending Equity Ordinance
September 13th, 2021, to the Chicago City Council Finance Committee meeting. My name is Horacio Mendez and I’m the President and CEO of the Woodstock Institute. The purpose of my comments are to emphasize the need for Chicago to...
Comment Letter: FedNow System Must Protect Consumers
Woodstock Institute recently signed on to a letter led by the National Consumer Law Center (NCLC) to the Federal Reserve Board of Governors regarding the Fed’s new person-to-person payment system, FedNow. As consumers have quickly adopted other payment apps,...
Comment Letter: Support the Update and Expansion of SSI
Woodstock Institute signed on to a letter led by Financial Inclusion for All Illinois (FIAI), a project of Heartland Alliance, urging the Illinois congressional delegation (and Rep. Danny Davis in particular) to support the update and expansion of the...