… The speed at which the package passed surprised even community development and fair housing groups. “There was really a demand, on all levels of government, local state and federal elected officials representing Illinois, wanting to do something to...
Roughly 41,000 Illinois households with incomes low enough to qualify for the federal Earned Income Tax Credit will not have unpaid traffic fines, unpaid parking tickets and outstanding court judgments withheld from their 2020 state income tax refunds.
CEO Horacio Mendez's letter in response to column by Charles Lipson on equity ran March 11
“This Legislation Could End Illinois’ Payday Loan Industry” on WTTW Chicago Tonight & more recent coverage of Illinois’ proposed 26% cap
It’s not a question of if we’re becoming a cashless society, Mendez said. “We’re already there … We really need to make sure that we’re keeping an eye on those unintended consequences, because they’re always there.”
… Horacio Mendez, president and CEO of the Woodstock Institute, a nonprofit policy group that advocates for fair lending and economic equality, said that, in the past, many bureau investigations ended in settlements that he and other advocates believed...
Chicago city council members who wanted to question banks on their weak lending records in Chicago’s Black and Latino neighborhoods were disappointed Friday when banks skipped out on a hearing called by the Housing and Real Estate Committee.
Among the flurry of bills passed in the five-day January lame duck session in Springfield was the Predatory Loan Prevention Act, a measure that would cap interest rates for consumer loans under $40,000—such as payday loans, installment loans, and...
CEO Horacio Mendez spoke about forgiveness of student loan debt.
On Feb. 5, Pedro Noda, host of Al Punto Con Su Dinero, a daily noon-hour radio show in Spanish, hosted Horacio Mendez and Andy Posner of Capital Good Fund to discuss SB 1792.