One of the policies under attack is the U.S. Department of Labor (DOL)’s fiduciary rule, which was finalized on April 16, 2016, and is scheduled to take effect on April 10, 2017. The fiduciary rule requires retirement investment advisors...
Hi, everyone. I’m very excited to be working as Woodstock Institute’s new Research Associate. Woodstock has a lot of exciting projects coming up, and I look forward to an interesting and inspiring experience providing research and technical assistance on...
Wage Assignment Reform Woodstock’s top legislative priority this year was the passage of SB 2804, which amends the Illinois Wage Assignment Act. A wage assignment is a debt collection method used by non-traditional lenders – such as payday...
The growing use of conditional approvals is a very positive development and one which provides opportunities for community groups serving LMI people and communities and other underserved populations, such as people with disabilities, to share information about community needs...
The CHOICE Act and similar legislation raise a lot of alarms. As I mentioned in my blog post last month, industry forces and certain elected officials are pulling out all the stops to block the fiduciary rule from taking...
Unfortunately, consumers who are looking to save for retirement have long relied on so-called “advisors,” who today have no legal duty to act in their customers’ best interests. In fact, depending on how the advisor gets paid, their financial...
RHP_Report.pdf The foreclosure crisis impacted the Chicago suburbs as well as the city center, but many municipalities lacked the resources and infrastructure to respond effectively to the crisis. While many funding opportunities arose to address the negative effects of...
The merger deal, which is expected to be completed in the third quarter, will mark Huntington’s retail entry into the Chicago market. On Monday, Chicago-based Woodstock Institute, one of the housing, community and civil rights groups that has met...
Our process to apply for a loan is simple. Each client begins with a personal conversation with an Accion loan officer about household and business cash flow, credit, collateral, and business goals. This provides the loan officer with a...
It is not surprising that someone who collects speeding tickets like baseball cards would face high auto insurance premiums. After all, insurance prices are meant to relate to the risk of loss associated with the policyholder and, also, to...