With the start of a new year, we decided to look back on the impact of the 36% interest rate cap set by the Predatory Loan Prevention Act (PLPA) on Illinoisans in 2021. The bottom line is that the...
We believe the ease at which the federal bank regulatory agencies approve mergers has created an unprecedented level of consolidation in the industry that disproportionately hurts access to financial services in low- and moderate-income communities and communities of color....
With the overwhelming support of Woodstock Institute staff, we have made the decision to leave Facebook. Update: if you are not ready to cancel Facebook / Instagram you can also join a coalition planning a Facebook Logout Nov. 10-13...
During the Illinois General Assembly veto session the last week of October, Woodstock Institute and other consumer groups made the case that lawmakers should not proceed with a regulatory “sandbox”-like licensing scheme whereby a financial technology (“fintech”) company could...
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.
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...
We join our colleagues at California Reinvestment Coalition in mourning the loss Friday to cancer of their founding director Alan Fisher.
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...
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....
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.