In just one year, Illinois consumers have saved over $200 million in fees for high-cost loans, and families in underserved communities are finding safer alternatives for accessing cash
Capping payday loan interest rates worked, allowing more wealth to stay in communities as consumers find new sources of fast cash.
A new report describes how TAB Bank helps predatory lender EasyPay make high-interest puppy loans. Woodstock Institute is teaming up with national consumer and animal welfare advocates to launch a campaign to stop TAB Bank from helping EasyPay gouge...
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps
Santa isn’t the only one keeping a list and checking it twice this year--to recognize both good and bad actions in the area of financial services in 2021, we're releasing our first annual “Naughty & Nice List.”
Oportun Extends Credits and Refunds to Over 3,600 Illinois Borrowers, Woodstock Institute Challenges Other Lenders to Take Similar Action FOR IMMEDIATE RELEASE: November 18, 2021 PRESS CONTACT: Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 Beginning October 29 of this year, Oportun, one...
FOR IMMEDIATE RELEASE: October 19, 2021 On Monday, St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA), Woodstock Institute and the National Community Reinvestment Coalition (NCRC) submitted comment letters opposing the proposed merger between First Mid Bank & Trust and Jefferson Bank & Trust to the Federal Reserve....
Lending Patterns by Nonbank Lenders Have Been Long Shrouded in Mystery FOR IMMEDIATE RELEASE: September 1, 2021 PRESS CONTACTS: Brent Adams, badams@woodstockinst.org, 773-844-5544 Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 Today, the Consumer Financial Protection Bureau (CFPB) released proposed rules requiring all...
Rule Threatened to Re-Open the Doors to 200% APR Loans in Illinois FOR IMMEDIATE RELEASE: June 24, 2021 CONTACTS: Brent Adams, badams@woodstockinst.org, 773-844-5544 Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 CHICAGO: Consumer advocates are applauding Congress’s 218-208 vote today to repeal the...
Regulation Threatens to Undermine Illinois’s New 36% Rate Cap FOR IMMEDIATE RELEASE: May 12, 2021 CONTACT: Jane Doyle, 312-368-0310 ext. 2022, jdoyle@woodstockinst.org CHICAGO: Consumer advocates are applauding the United States Senate’s vote last night to repeal the so-called “true...