2015 Community Investment Awards

This year we are honoring Heartland Alliance, Rohit Chopra of the Consumer Financial Protection Bureau, and The Resurrection Project for their outstanding leadership.

News

Most Illinois residents know that the state is billions of dollars in debt and has fallen behind on funding its pension obligations. Gov. Bruce Rauner has proposed severe cuts to the fiscal year 2016 (FY16) budget to remedy this situation. However, the Governor’s proposals have focused on cutting the budgets of Illinois human services, including services for affordable housing, homeless youth, and supportive housing. These cuts hurt the state’s most vulnerable citizens by taking vital resources away from those that need them the most.

Higher education has long been one of the keys to attaining the American Dream; however, skyrocketing student debt has turned the dream into a nightmare for many in our country. With challenges ranging from deficient student loan servicing to predatory for-profit colleges, millions of borrowers need help as they struggle to pay off their loans. Rohit Chopra, the Consumer Financial Protection Bureau’s (CFPB) Student Loan Ombudsman, stands out as a leader in student debt reform.

The Consumer Financial Protection Bureau (CFPB) proposed regulations for the prepaid card industry in December 2014 and accepted public comments through March of 2015. Woodstock commented that these rules are generally strong and will help keep consumers safe in this growing industry, but we believe that the CFPB can strengthen the rules by expanding protections in several areas. 

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