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WBEZ: How Chicago’s City Council Aims to Push Banks to Lend Fairly

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Woodstock in the News

By Claudia Morell and Linda Lutton, September 14, 2021

“…In addition to providing lending data, banks would have to provide an annual racial breakdown of their staff, something that’s already required of many companies that do business with the city in order to fulfill minority hiring requirements.

Horacio Mendez, president and CEO of the Woodstock Institute, says this data point is particularly important given the current focus nationally on diversity and inclusion.

“People want to go into a branch and see people they either know, or feel like they can trust the person that they’re talking to,” Mendez said.”

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