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.
Lightfoot administration waffles on ending driver’s license suspensions (The Chicago Reporter)
Lightfoot administration waffles on ending driver’s license suspensions by Curtis Black, The Chicago Reporter Ticket fine reform is coming to Chicago driven by research from community organizations, extensiveinvestigative reporting, lawsuits, and a task force led by City Clerk Anna Valencia. But one...
CFPB chief’s equal-opportunity calendar (American Banker)
CFPB chief’s equal-opportunity calendar By Kate Berry, American Banker In her first four and a half months on the job, Consumer Financial Protection Bureau Director Kathy Kraninger was no stranger to Capitol Hill, holding in-person meetings with lawmakers more...
Here’s how the city should fix its unfair ticketing policies, group says (Chicago Sun-Times)
Here’s how the city should fix its unfair ticketing policies, group says By Fran Spielman, Chicago Sun-Times Mayor Lori Lightfoot campaigned on a promise to reduce red-light cameras, eliminate the Denver boot for non-moving violations and bring equity to an overly-punitive...
Chicago Clerk Valencia releases report on fees (OneIllinois)
Chicago Clerk Valencia releases report on fees By Ted Cox, OneIllinois Chicago might finally be ready for reform — when it comes to city fines and fees on parking tickets, city stickers, and the towing and impoundment of cars....
Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? (WBEZ)
Lawsuits, Stalled Legislation, And New Mayor. What’s Going On With Chicago’s Ticketing Reform? By Elliott Ramos, Claudia Morell, WBEZ During Chicago’s city elections, mayoral candidates were vying to fix the city’s broken ticketing, towing and debt-collection practices. Mayor Lori Lightfoot herself...
Illinois General Assembly Passes Children’s Savings Account Legislation (West Suburban Journal)
Illinois General Assembly Passes Children’s Savings Account Legislation West Suburban Journal If Signed By Governor, Bipartisan Effort Will Make College Completion Four Times Likelier for Kids in Illinois Illinois | On a bipartisan vote of 40-15-0, Children’s Savings Account legislation...
Car insurance roulette: You could pay more because you’re a woman regardless of driving record (Chicago Sun-Times)
Car insurance roulette: You could pay more because you’re a woman regardless of driving record By Stephanie Zimmermann, Chicago Sun-Times Looking for car insurance? Being a woman could add $370 a year to the quote you get even if...
Illinois, quit suspending driver’s licenses for unpaid parking tickets (Chicago Sun-Times)
Illinois, quit suspending driver’s licenses for unpaid parking tickets (Chicago Sun-Times) OPINION By Ben Ruddell and Brian Costin During a routine 2008 traffic stop in Chicago, LaSheria’s life was permanently changed. After being stopped, she learned that her driver’s...
Breaking The Cycle Of Disinvestment In Lower-Income Communities (NPR)
The Cycle Of Disinvestment In Lower-Income Communities by Claire Trageser, KPBS It’s not uncommon for people who want to start businesses in lower-income neighborhoods to have trouble getting bank loans. But increasingly, there are investors looking specifically to help...