Religious Leaders Condemn Predatory Pawn Loans Over the Holidays
Faith leaders held a press conference December 23 to caution consumers about turning to predatory loans over the holidays.
Making Loans at 240% APR and Higher, Pawn Brokers Preying on Illinois Military Families
Download our latest Close the Pawn Broker Loophole Fact Sheet and read the release for a November 30 news conference. The release highlights progress in Springfield toward capping pawn broker rates and fees at 36% under the Predatory Loan...
Predatory Lenders’ Predictions of Gloom-and-Doom Fail to Materialize as Consumers Embrace Illinois’s Interest Rate Cap
For Immediate Release: September 27, 2022 Contact: Brent Adams | 773-844-5544 Jane Doyle | 708-527-7568 Predatory Lenders’ Predictions of Gloom-and-Doom Fail to Materialize as Consumers Embrace Illinois’s Interest Rate Cap ILLINOIS – To test predatory lenders’ claims about the...
297% Interest Rates and Payday Lending a Thing of The Past Thanks to The Predatory Loan Prevention Act, Signed Into Law One Year Ago Today
In just one year, Illinois consumers have saved over $200 million in fees for high-cost loans, and families in underserved communities are finding safer alternatives for accessing cash
Illinois consumers find affordable alternatives to predatory loans: survey
Capping payday loan interest rates worked, allowing more wealth to stay in communities as consumers find new sources of fast cash.
Predatory Loans for Puppies in Illinois Must be Stopped
A new report describes how TAB Bank helps predatory lender EasyPay make high-interest puppy loans. Woodstock Institute is teaming up with national consumer and animal welfare advocates to launch a campaign to stop TAB Bank from helping EasyPay gouge...
Advocates Call for FDIC, under New Leadership, to Stop Banks from Fronting for Predatory Lenders
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps
Who’s Been Naughty & Nice in 2021
Santa isn’t the only one keeping a list and checking it twice this year--to recognize both good and bad actions in the area of financial services in 2021, we're releasing our first annual “Naughty & Nice List.”
Woodstock Challenges Other Lenders to Follow Oportun
Oportun Extends Credits and Refunds to Over 3,600 Illinois Borrowers, Woodstock Institute Challenges Other Lenders to Take Similar Action FOR IMMEDIATE RELEASE: November 18, 2021 PRESS CONTACT: Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 Beginning October 29 of this year, Oportun, one...
SLEHCRA, Woodstock Institute And NCRC Oppose First Mid And Jefferson Banks’ Merger Application
FOR IMMEDIATE RELEASE: October 19, 2021 On Monday, St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA), Woodstock Institute and the National Community Reinvestment Coalition (NCRC) submitted comment letters opposing the proposed merger between First Mid Bank & Trust and Jefferson Bank & Trust to the Federal Reserve....