… 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.
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...
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 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 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 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...