The Consumer Financial Protection Bureau (CFPB) issued a call for comments on the agency's inquiry into the Buy Now Pay Later, or BNPL, industry. BNPL is a rapidly expanding industry offering consumers the option to pay for purchases in...
Woodstock Institute signed onto a coalition letter led by Consumer Federation of America, Center for Responsible Lending, and the National Consumer Law Center to the CFPB responding to the Bureau’s inquiry into Buy Now Pay Later (BNPL) providers. The...
The CFPB issued a call in November for information on the HMDA Rule Assessment. Woodstock Institute's comments address “the effectiveness of the HMDA Rule in meeting its stated goals and the purposes and objectives of the Dodd-Frank Act.”
The proposed rules for collecting small business loan data required by Section 1071 of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 (Section 1071 rules) have been one of Woodstock Institute’s top policy priorities for...
Woodstock Institute was one of 65 consumer, civil rights, faith, legal services, and community groups that signed on to a letter responding to the CFPB’s inquiry into the business practices of six large tech companies that operate payments systems....
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.”
We believe the ease at which the federal bank regulatory agencies approve mergers has created an unprecedented level of consolidation in the industry that disproportionately hurts access to financial services in low- and moderate-income communities and communities of color....
Woodstock Institute signed on to a letter led by the National Consumer Law Center (NCLC) and Center for Responsible Lending (CRL). The letter urges the new Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, to regulate fee-based...
Lending Patterns by Nonbank Lenders Have Been Long Shrouded in Mystery FOR IMMEDIATE RELEASE: September 1, 2021 PRESS CONTACTS: Brent Adams, badams@woodstockinst.org, 773-844-5544 Jane Doyle, jdoyle@woodstockinst.org, 708-527-7568 Today, the Consumer Financial Protection Bureau (CFPB) released proposed rules requiring all...