Illinois CRA Comment Letter
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.
Truth in Lending Small Business Reform
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...
Read our comments on Federal CRA reform proposal
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.
Comment Letter: The CFPB’s Inquiry into Buy Now Pay Later Industry
The Consumer Financial Protection Bureau (CFPB) issued a call for comments on the agency's inquiry into the Buy Now Pay Later, or BNPL, industry. BNPL is a rapidly expanding industry offering consumers the option to pay for purchases in...
Comment letter: Request for Information Regarding the HMDA Rule Assessment
The CFPB issued a call in November for information on the HMDA Rule Assessment. Woodstock Institute's comments address “the effectiveness of the HMDA Rule in meeting its stated goals and the purposes and objectives of the Dodd-Frank Act.”
Comment Letter: Opposing the Merger of First Mid Bank & Trust and Jefferson Bank & Trust
Update: here’s our October letter opposing the merger of First Mid, their response, followed by our reply. RE: Application by First Mid Bancshares to acquire Delta Bancshares Company and Jefferson Bank and Trust Woodstock Institute submits this comment on...
Comment Letter: CFPB Proposed Rule for Section 1071 Small Business Lending Data Collection
The proposed rules for collecting small business loan data required by Section 1071 of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 (Section 1071 rules) have been one of Woodstock Institute’s top policy priorities for...
Comment letter: Illinois CRA Advanced Notice of Proposed Rulemaking
The issues associated with the drafting of implementing rules from which to enforce the IL-CRA are not dissimilar to those facing the Federal bank regulatory agencies as they strive to modernize the Federal CRA.
Comment Letter: FHFA Requiring GSEs to Submit Equitable Housing Finance Plans
Woodstock Institute recently submitted a comment letter responding to a Request for Input (RFI) from the Federal Housing Finance Agency (FHFA). FHFA will require the Government Sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac – to submit Equitable...
Comment Letter: Federal Reserve Board of Governors’ ANPR on the CRA
Woodstock Institute submitted a comment letter to respond to the Federal Reserve Board of Governors’ Advanced Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA).