In the long battle over payday loans, we stand at a crossroads. Woodstock Institute is mobilizing an Illinois’ coalition of consumers and concerned citizens to protect the federal payday and title loan protections from repeal by Members of Congress....
A lot is going on in the financial justice sphere these days! Let’s start with some positive news. The Consumer Financial Protection Bureau (CFPB) announced on October 5 a final rule on payday and vehicle title loans up to...
Results from the latest American Community Survey (ACS) released on September 17th illustrate persistent inequality by race and ethnicity in income and homeownership rates among Chicago residents. The ACS is an annual survey administered by the US Census Bureau...
1. Strong final prepaid rules were issued, and we saw the beginning of pre-rule activities for Dodd-Frank § 1071 on small business data collection This year, the Consumer Financial Protection Bureau (CFPB) finalized consumer protections for users of prepaid debit...
For example, the Consumer Financial Protection Bureau (CFPB) issued strong final rules to protect consumers who use prepaid cards. CFPB also proposed payday loan rules that would help to prevent consumers from becoming trapped in a cycle of debt,...
Woodstock was pleased to lead a large and diverse delegation of NCRC members and nonprofit leaders from Illinois on Capitol Hill visits with our Illinois elected officials as part of NCRC’s largest and most successful 25th anniversary conference. We...
For-profit colleges are under fire because students often graduate with large amounts of debt and few job opportunities, and because for-profit colleges misrepresent the quality of their programs. Recent Woodstock Institute research shows that for-profit college students often struggle...
A proposal to relax federal standards in mortgage lending and bank regulation could undo years of work to enhance consumer protections and prevent financial crises. U.S. Senate Banking Committee chairman Richard Shelby (R-AL) proposed legislation that would change criteria...
HMDA requires most depository and non-depository financial institutions to report their mortgage lending activity and releases the data to the public. Recently, the Consumer Financial Protection Bureau (CFPB) issued new, proposed rules that would expand the reporting requirements of...
Read the report The four organizations conducted 64 mystery shopping visits at 39 bank branches in Chicago, Durham, New York City, and Oakland, including Bank of America, BB&T, BMOHarris, Capital One, Chase, Citi, SunTrust, and Wells Fargo. In Chicago,...