American Banker: Oportun’s bid for bank charter meets resistance
Several consumer advocacy groups are opposing Oportun Financial’s application for a national bank charter, citing concerns about the company’s lending and debt-collection practices.
Comment: we can do better than this stimulus package
It’s easy to go down a very dark path with regard to the motives behind these Congressional decisions, but at a time when the racial wealth gap is front and center, the current stimulus package leaves us massively disappointed....
Our Statement on Oportun’s Application to Become a National Bank
The OCC should strip Oportun of CDFI status, not promote it by granting bank charter Update: The Texas Tribune & ProPublica weighed in on Oportun’s application for a national bank charter Jan. 8. Oportun, one of the few Community...
Borrowers Beware! With Stimulus Payments Coming, Don’t Let Payday Loan Grinch Steal Holiday
With checks likely coming soon, hold off getting a loan or look at options at 36% or less APR By Brent Adams How much and how soon are still open questions because of the dispute between Congress and the President...
The Responsible Business Lending Coalition Applauds the Passage of New York State’s Small Business Truth in Lending Act
From the Responsible Business Lending Coalition Statement on behalf of the Responsible Business Lending Coalition, a network of nonprofit and for-profit lenders, investors, and small business advocates, in support of New York State’s Small Business Truth in Lending Act....
Horacio Mendez Named New President of Woodstock Institute
Horacio Mendez Named New President of Woodstock Institute FOR IMMEDIATE RELEASE: July 21, 2020 CONTACT: Jenna Severson, 616-914-2844, jseverson@woodstockinst.org CHICAGO: Horacio Mendez, an experienced executive with expertise in policy, regulation, finance, research and strategy, has been named President of Woodstock Institute by its Board...
Woodstock Institute Staff Statement on Racism Against Black Lives by Police in America and Recent Protests
Woodstock Institute Staff Statement on Racism Against Black Lives by Police in America and Recent Protests In the past few days, we bore witness to a country overwhelmed with anger and pain. Our communities are reeling, our hearts are...
PRESS RELEASE: Mayor Lightfoot, Chicago Advocates Decry Plan to Weaken Anti-Redlining Rules
Mayor Lightfoot, Chicago Advocates Decry Plan to Weaken Anti-Redlining Rules During Pandemic, Federal Banking Regulator Intends to Gut Community Reinvestment Act FOR IMMEDIATE RELEASE: May 22, 2020 PRESS CONTACTS: For Woodstock Institute: Jenna Severson, 616-914-2844 (jseverson@woodstockinst.org) For Housing Action:...
STATEMENT: OCC Comptroller Otting’s Final Act Brings Chaos, not Certainty, to Anti-Redlining Law
STATEMENT: OCC Comptroller Otting’s Final Act Brings Chaos, not Certainty, to Anti-Redlining Law FOR IMMEDIATE RELEASE: May 20, 2020 PRESS CONTACTS: Jenna Severson (c) 616-914-2844 (jseverson@woodstockinst.org) CHICAGO, IL – In a serious blow to what was meant to be his signature...
Press Release: Advocates Applaud Governor Pritzker for Taking Steps to Protect Illinoisans’ Stimulus Checks
FOR IMMEDIATE RELEASE: April 14, 2020 CONTACT: Jenna Severson, 616-914-2844, jseverson@woodstockinst.org Advocates Applaud Governor Pritzker for Taking Steps to Protect Illinoisans’ Stimulus Checks Concerns Remain About Lenders Taking the Payments CHICAGO: Consumer advocates applaud the State of Illinois for...