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.
SLEHCRA, Woodstock Institute And NCRC Oppose First Mid And Jefferson Banks’ Merger Application
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....
Finance tips and more on WVON Radio
WeProsper coalition launches media campaign to reach more consumers with historic Black Chicago radio station WVON 1690AM Predatory lenders are history in Illinois communities but for many families the financial need remains. Since the 36% APR cap became law...
Editorial: An urgent task for City Hall. Tackle the lending gap that holds back the South, West sides.
A city neighborhood isn’t merely a hodgepodge of housing and businesses. It’s an amalgam of anchoring entities that keep it alive and thriving, that gives it a defining sense of community. Those anchors include schools, of course. Churches. Parks....
Woodstock Institute mourns the passing of Alan Fisher
We join our colleagues at California Reinvestment Coalition in mourning the loss Friday to cancer of their founding director Alan Fisher.
NextCity: Chicago Finally Getting Serious About Where It Deposits City Cash
By Oscar Perry Abello, September 14, 2021 The audit’s arrival at the end of August is timely, as Chicago City Council is set to vote today on a measure that would update and strengthen Chicago’s Responsible Banking Ordinance and...
WBEZ: How Chicago’s City Council Aims to Push Banks to Lend Fairly
By Claudia Morell and Linda Lutton, September 14, 2021 “…In addition to providing lending data, banks would have to provide an annual racial breakdown of their staff, something that’s already required of many companies that do business with the...
Make Chicago Home for Everyone – Pass the Lending Equity Ordinance
Last year, millions of Americans rediscovered the importance of home. Besides safe havens, their homes became makeshift offices, schools, theaters and gyms— and the centers of family life like never before. A home is more than a place of...
We Prosper, a new partnership & site for financial justice
WeProsper is a new partnership - and new site at weprosperil.org - dedicated to educating lawmakers and the public about predatory financial practices that strip wealth from communities, with a special focus on lower-income communities and communities of color....
Announcing Woodstock’s Advocacy Network
The Advocacy Network will be our go-to base of activists, community leaders, and other individuals who want the financial sector to benefit all communities.