2021 data show increase in banked households & growth in mobile banking
This fact sheet highlights that across the nation, the rate of banked households has grown since 2019, according to the latest biennial FDIC survey data release.
Read our comments on Federal CRA reform proposal
The FDIC released proposed rules for an interagency Community Reinvestment Act reform process today. The long-awaited proposal represents the most recent of many stalled efforts to update this anti-redlining law.
Coalition Letter: Urging FDIC to Stop Banks from Using Predatory Rent-A-Bank Schemes
Woodstock Institute joined a coalition letter with other national consumer advocacy groups urging the Federal Deposit Insurance Corporation (FDIC) to stop permitting its supervised institutions to front for predatory lenders evading state interest rate laws.
Advocates Call for FDIC, under New Leadership, to Stop Banks from Fronting for Predatory Lenders
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps
Woodstock welcomes FDIC review of bank merger process
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....