Join banking, regulatory, legal, fair housing, advocacy and policy experts for a conversation on the community-lender discussions spurred by CRA requirements around mergers and the agreements that often come from these conversations.
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.
We’ve launched a 3-month campaign that leverages multiple media streams to direct consumers to the resources available at WeProsperIL.org, prompting them to share their story and inviting them to join the advocacy network.
WCIA-TV: “We can stop sinking”: Legislators celebrate anniversary of Illinois’ break-up with payday lending
Lawmakers celebrated the one-year anniversary of the passage of the Predatory Loan Prevention Act (PLPA) on Wednesday.
297% Interest Rates and Payday Lending a Thing of The Past Thanks to The Predatory Loan Prevention Act, Signed Into Law One Year Ago Today
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
On February 23, Janice Guzon and Horacio Mendez led a presentation highlighting the new capacities of our online data portal.
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...
"Consumer advocates suspect Opportunity Financial, or OppFi, is fighting back against the limit of 36% on loan interest, but the company isn’t discussing its lobbying aims."
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps