Woodstock Institute Vice President for Policy and Communication Brent Adams wrote recently to U.S. Rep. Sean Casten and the other members of the Illinois Congressional delegation on the House Financial Services Committee to urge them to co-sponsor H.R. 6054...
Woodstock Institute recently signed on to a letter led by the Center for Responsible Lending and Americans for Financial Reform calling on the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to reject a proposed...
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 co-leads the Illinois Community Reinvestment Act Coalition with Housing Action Illinois. The coalition submitted a letter with 32 organizations signed on to comment on the Illinois Department of Financial and Professional Regulation’s (IDFPR) Advance Notice of Proposed...
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...
From the Responsible Business Lending Coalition Statement on behalf of the Responsible Business Lending Coalition, a network of nonprofit and for-profit lenders, investors, and small business advocates, in support of New York State’s Small Business Truth in Lending Act....
Banks Lend to Wealthier, Whiter, and Urban Illinois Communities While Rural, Lower-Income, and Minority Areas Struggle New Report Examines Small Business Lending Post-Recession, Offers Policy and Practice Recommendations FOR IMMEDIATE RELEASE: August 6, 2019 PRESS CONTACTS: Jenna Severson (c) 616-914-2844...
This report finds businesses in low- and moderate-income and communities of color received fewer loans from banks than businesses in higher-income and predominantly white areas across Illinois. The report, which examines and compares lending reported by banks under...
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...
By Gregory Roberts Bloomberg July 19 — Online marketplace lenders would face significantly higher regulatory hurdles if most of their loans to small businesses were reclassified as consumer loans, as the Treasury Department has recommended, an industry representative and a...