For Immediate Release: September 27, 2022 Contact: Brent Adams | 773-844-5544 Jane Doyle | 708-527-7568 Predatory Lenders’ Predictions of Gloom-and-Doom Fail to Materialize as Consumers Embrace Illinois’s Interest Rate Cap ILLINOIS – To test predatory lenders’ claims about the...
Woodstock Institute Vice President for Policy and Communication Brent Adams wrote recently to U.S. Rep. Sean Casten and the other members of the Illinois Congressional delegation on the House Financial Services Committee to urge them to co-sponsor H.R. 6054...
Woodstock Institute recently signed on to a letter led by the Center for Responsible Lending and Americans for Financial Reform calling on the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to reject a proposed...
The FDIC released proposed rules for an interagency Community Reinvestment Act reform process today. The long-awaited proposal represents the most recent of many stalled efforts to update this anti-redlining law.
Woodstock Institute signed on to Americans for Financial Reform’s comment letter to the OCC, FDIC, and Federal Reserve Board of Governors regarding their Notice of Proposed Rulemaking on the Community Reinvestment Act. The letter emphasizes the importance of CRA’s...
Woodstock Institute signed on to a coalition letter in support of the Overdraft Protection Act of 2021 (HR 4277) introduced by Rep. Carolyn Maloney (NY-12). This bill would address the most abusive provision of today’s typical overdraft coverage by...
Hello – My name in Horacio Mendez, and I’m the President and CEO of the Woodstock Institute, a consumer financial protection research and advocacy organization based in Chicago. We took this opportunity to examine areas where a combined entity...
Woodstock Institute joined a coalition letter led by the National Community Reinvestment Coalition (NCRC) urging the FDIC to downgrade the Community Reinvestment Act (CRA) exam rating for TAB Bank. TAB Bank, based in Utah and regulated by the FDIC,...
Woodstock Institute signed on to a coalition letter in support of the Close the ILC Loophole Act (HR 5912) introduced by Rep. Chuy García (IL-04). Industrial loan corporations (ILCs) operate under a special exemption in federal law that permits...
Woodstock Institute signed on to a letter led by Housing Action IL and HOPE Fair Housing Center urging Governor Pritzker to sign HB 2775, which adds source of income protections to existing housing-related civil rights protections under Illinois law.