By Oscar Perry Abello, September 14, 2021 The audit’s arrival at the end of August is timely, as Chicago City Council is set to vote today on a measure that would update and strengthen Chicago’s Responsible Banking Ordinance and...
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...
CRA reform efforts must address the fact that federal regulators have rated 95% of banks Satisfactory or better even though data show fewer regulated lenders meeting the law's goals.
Last year, millions of Americans rediscovered the importance of home. Besides safe havens, their homes became makeshift offices, schools, theaters and gyms— and the centers of family life like never before. A home is more than a place of...
Woodstock and fellow Chicago affordable housing advocates have been working with Ald. Harry Osterman (48th Ward) on a Lending Equity Ordinance (LEO), which was recently introduced in City Council.
Woodstock signed on to a letter led by Americans for Financial Reform (AFR) urging the U.S. Department of Housing & Urban Development (HUD) to extend the deadline for FHA mortgage borrowers to apply for a COVID-19 forbearance on their...
Woodstock recently signed on to a letter led by Americans for Financial Reform (AFR) and National Consumer Law Center (NCLC) urging the Consumer Financial Protection Bureau (CFPB) to review their COVID loss mitigation rules and add some critical improvements...
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...
Coming in 2021, two new Fact Books: one features 2020 Dodd-Frank Data, the other will aggregate the data from 34 years of Fact Book data to analyze long-term trends Fact Books, A Valuable Resource Woodstock Institute’s Community Lending Fact...
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,...