Woodstock Institute has signed onto two letters supporting Section 1071 of the Dodd Frank Wall Street Reform and Consumer Protection Act. Section 1071 requires lenders to small businesses to collect and report on the racial, ethnic, gender, and sexual...
Woodstock Institute is joining other consumer advocate groups in signing onto a letter to the House Appropriations Committee opposing certain provisions of the FY2024 Financial Services and General Government (FSGG) appropriations bill. These provisions would undermine important consumer protection...
The Consumer Financial Protection Bureau is currently the target of litigation that threatens to unravel the entire agency. Woodstock Institute is joining 90 other state and local nonprofits in signing onto an amicus brief defending the CFPB from this...
To better assess whether financial institutions meet the lending needs of communities, the Consumer Financial Protection Bureau (CFPB) changed rules governing data collected under the Home Mortgage Disclosure Act (HMDA) in 2015. For the first time in September 2019,...
Woodstock Comment to Consumer Financial Protection Bureau on Overdraft Rule
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...
Response to Consumer Financial Protection Bureau Request For Information – Public Complaint Database June 4, 2018
The famous lyrics from Hamilton: An American Musical, “the world turned upside down,” are an apt description of what is happening in the financial justice field these days. Here’s what we’re concerned about at the federal level: The Department...
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Payday loans often trap consumers in a cycle of debt due to lump sum payments, high annual percentage rates (APR), and little consideration of whether borrowers can afford to repay their loans. To combat this, the CFPB is developing...