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...
Our new analysis found lending disparities grew in the Chicago region in 2020. Overall, we found, loan volume increased mostly due to refinance loans. Research Associate Natalie Cheng led our presentation on findings and demonstrated the latest iteration of...
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...
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.
Each year we analyze home and small business lending data for Chicago and the metro region and share it on our Data Portal. In 2020, we found that lending disparities grew in the Chicago region, while overall loan volume...
photo above: Sr VP Policy and Communications Brent Adams, 3rd from left and Policy Associate Jane Doyle, far right, participated in Consumer Federation of America’s Consumer Assembly June 15. They and CEO Horacio Mendez also attended NCRC’s Just Economy...
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.
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.
Lawmakers celebrated the one-year anniversary of the passage of the Predatory Loan Prevention Act (PLPA) on Wednesday.
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