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Woodstock in the News

Horacio Mendez in Woodstock office - Chicago Tonight interview

Chicago Tonight: The Pros and Pitfalls of an Increasingly Cashless Society

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.”

March 10, 2021 at 9:07 am read more
oportun-logo

Texas Tribune Pro-Publica Report: CFPB Probing Oportun

… 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...

March 8, 2021 at 9:53 am read more
WBEZ logo square

WBEZ: Banks Snub Chicago Aldermen On Equitable Mortgage Lending

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.

February 28, 2021 at 1:21 pm read more
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Chicago Reader: Predatory lenders want Pritzker to veto a limit on triple digit interest rates

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...

February 17, 2021 at 9:16 am read more
photo of WTTW Chicago Tonight segment on student loans

Chicago Tonight: Should the Federal Government Cancel Student Loan Debt?

CEO Horacio Mendez spoke about forgiveness of student loan debt.

February 16, 2021 at 10:26 am read more

Pedro Noda: High Interest Rates and Why We Need SB 1792

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.

February 6, 2021 at 11:31 pm read more

Legislation ranges from payday loans to lead water pipes

Capitol News Illinois, Jan 10 By PETER HANCOCK SPRINGFIELD – As the General Assembly’s lame duck session moved into its third day, lawmakers in both chambers turned their attention to a sweeping bill aimed at narrowing economic disparities faced...

January 12, 2021 at 10:54 am read more
oportun-logo

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.

December 30, 2020 at 3:01 pm read more

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...

June 19, 2019 at 2:21 pm read more

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...

June 17, 2019 at 9:30 pm read more
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