Update: here’s our October letter opposing the merger of First Mid, their response, followed by our reply. RE: Application by First Mid Bancshares to acquire Delta Bancshares Company and Jefferson Bank and Trust Woodstock Institute submits this comment on...
By Steve Daniels, October 21, 2021 “This (lawsuit) is painting the Federal Reserve into a corner,” says Horacio Mendez, CEO of Chicago-based Woodstock Institute, a 48-year-old fair-lending organization. “I don’t believe this is a delay. I think they have...
By David Nicklaus, October 21, 2021 Horacio Mendez, president of the Woodstock Institute in Chicago, called the data “prima facie evidence” of “egregious redlining.” Woodstock, which does research on economic justice, joined the coalition seeking to block the merger. Complicating the...
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....
By James Drew, October 19, 2021 SLEHCRA and two other groups, the Woodstock Institute and the National Community Reinvestment Coalition, submitted letters Monday opposing the merger to the Federal Reserve Bank of Chicago. In addition to urging regulators to...
Woodstock signed on to a letter led by the National Fair Housing Alliance (NFHA) to respond to the National Institute of Standards and Technology’s (NIST) request for comment on their proposal on identifying and managing bias in artificial intelligence...
Federal financial regulators published a Request for Information (RFI) to gather input from the public on how financial institutions use artificial intelligence (AI) and machine learning (ML) in lending and what factors regulators should consider for regulatory oversight of...
Woodstock has signed on to a letter led by the National Community Reinvestment Coalition (NCRC) in support of the Fair Lending for All Act (H.R. 166). This bill would create an Office of Fair Lending Testing at the Consumer...
Once Again, Trump Administration Puts Profit before People, Ignores Needs of Most Vulnerable CFPB’s Stalled Payday Loan Protections and HUD’s Decision to Change Fair Housing Safeguards Threaten Consumers and Communities of Color FOR IMMEDIATE RELEASE: August 19, 2019 PRESS...