Dory Rand

Woodstock Institute President Dory Rand brings a wealth of community reinvestment knowledge and a proven ability to shape financial services policy to the challenge of promoting economic security and community prosperity for lower-wealth people.

“I’m interested in using lessons learned from behavioral economics to create public policies and financial products that foster a sound financial system and help everyone safely borrow, save and invest for long-term financial security,” says Dory. “I find my job fulfilling because Woodstock Institute’s work helps to close the wealth gap by increasing opportunities for lower-wealth households and communities of color to thrive and prosper.”

Dory joined Woodstock Institute after 12 years at the Sargent Shriver National Center on Poverty Law in Chicago; most recently, she served as the supervising attorney of the Center’s Community Investment Unit.

Dory has long advocated for lower-wealth people on welfare law and public financial issues at the local, state, and national levels. She has published extensively, presented at many national conferences, and appeared in national and local media, including American Banker and the Chicago Tribune.

Meanwhile, she emphasizes the importance of collaborating with others on key issues. “I feel fortunate to work with the talented Woodstock team and colleagues around the country in creating innovative solutions to some of the most significant financial issues of our lifetime,” she says.

Dory received a B.A. and J.D. from The Ohio State University.

Recent posts by Dory Rand

Written by Dory Rand on December 18, 2014 - 10:49am

On behalf of Woodstock Institute staff and our board of directors, I want to wish you Happy Holidays and thank you for your support over the last year. We had many accomplishments, but I’ll highlight just a few of them:

Written by Dory Rand on August 4, 2014 - 3:12pm

Results of mystery shopping conducted by Woodstock Institute and allies in four cities across the country reveal that banks often provide confusing and inaccurate information to consumers about overdraft programs and fees for checking accounts. The report released today by California Reinvestment Coalition of Oakland, CA; New Economy Project of New York City, NY; Reinvestment Partners of Durham, NC; and Woodstock Institute of Chicago, IL, calls on federal banking regulators and the Consumer Financial Protection Bureau (CFPB) to strengthen consumer protections for all overdraft products and improve oversight of banks who offer overdraft products.

Written by Dory Rand on July 17, 2014 - 1:51pm

Access to affordable banking services helps people build wealth, but some persistent barriers deter consumers from opening or keeping a bank account. In the Pew Charitable Trusts’ recent report entitled Overdrawn: Persistent Confusion and Concern About Bank Overdraft Practices , based on a nationally representative survey of American adults, the authors found that 13 percent of people who paid an overdraft penalty say they no longer have a checking account; 19 percent report responding to overdraft fees by discontinuing overdraft coverage; and 28 percent report closing a checking account in response to overdraft fees. 

Written by Dory Rand on May 20, 2014 - 9:13am

Woodstock Institute’s Community Investment Awards event on May 9 brought together about 100 community leaders and Woodstock board members at the beautiful Instituto Cervantes for a festive reception, presentation of awards to local champions, and a film screening and discussion of elder financial abuse.

Dory Rand
Written by Dory Rand on April 18, 2014 - 2:55pm

As part of Woodstock Institute’s Community Investment Awards event on May 9 in Chicago, we will screen the short documentary film “Fleeced: Speaking Out Against Senior Financial Abuse” and host a panel and audience discussion after the screening.

Dory Rand at NCRC2013
Written by Dory Rand on February 13, 2014 - 6:00am

Every year Woodstock Institute staff and dozens of allies from Illinois go to Washington, DC, in the spring to galvanize the community reinvestment movement, learn about the latest developments, and visit our elected officials and regulators. 2014 is no different.

Written by Dory Rand on January 16, 2014 - 12:00am
I am excited that we are starting 2014 with some new leaders in key financial regulatory positions.
Written by Dory Rand on December 20, 2013 - 8:06am

Earlier this month, Woodstock staff, board members, partners, and friends gathered at Mars Gallery in Chicago to celebrate all we’ve achieved this year. If you were not able to make it, you missed my recap of Woodstock’s top accomplishments for 2013.

Written by Dory Rand on December 2, 2013 - 4:19pm

I recently read an eye-opening book entitled “Scarcity: Why Having So Little Matters So Much,” by Sendhil Mullainathan and Eldar Shafir. It’s about how scarcity of time, money, food, and sleep affects our brains, creating a tunnel vision.

Written by Dory Rand on October 25, 2013 - 11:41am
For those who participated in our 40th anniversary national research symposium and bash, you know there was much learning, sharing, and celebrating.
Written by Dory Rand on September 19, 2013 - 1:50pm

As you surely know by now, Woodstock Institute is celebrating its 40th anniversary with a research symposium and bash on October 2-3. 

Written by Dory Rand on September 6, 2013 - 10:46am

We’re officially less than a month away from our 40th anniversary research symposium and bash, Babies, Boomers, and Beyond: Economic Security, Community Prosperity, and Equity Across the Lifespan.

Written by Dory Rand on June 27, 2013 - 8:00am

The recent focus on payday loans by federal regulators is causing some payday lenders to modify their products from traditional short-term loans to longer installment loans in the hope that longer-term loans may fall outside the scope of anticipated regulations. 

Dory Rand
Written by Dory Rand on May 16, 2013 - 2:16pm
 Last month fair lending advocates cheered when the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation proposed new guidance that would require banks...
Written by Dory Rand on April 17, 2013 - 3:25pm
Major federal policy decisions are so often made without consideration of what reality is like outside of the Beltway. One of our key goals at Woodstock is to make sure that the voices of people working on the ground in Illinois are heard by decision-makers in Washington, D.C.
Written by Dory Rand on March 29, 2013 - 2:17pm
We’re excited to celebrate 40 years of working together to expand financial justice for all communities, particularly low-wealth communities and communities of color. This October 2-3, we will gather with allies we work with shoulder-to-shoulder to campaign to prohibit redlining, limit the impacts of the foreclosure crisis, and expand access to sustainable financial products. Many of you have contributed your passion and hours of effort to campaigns that are critical to Woodstock’s success. Please join us in this celebration by sharing your favorite memories of Woodstock victories, struggles, and actions.
Written by Dory Rand on March 8, 2013 - 12:00am
The Scheinfeld family of Woodstock, Illinois, recognized in 1973 a pressing need for action on problems that plagued low-wealth communities and communities of color in Illinois, such as redlining, housing discrimination, and disinvestment. The Scheinfelds established Woodstock Institute to fight these societal ills, and we continue that fight today. To celebrate 40 years of applied research and advocacy on fair lending, wealth creation, community investment, and financial systems reform issues, Woodstock Institute will host a national research symposium and bash entitled Babies, Boomers, & Beyond: Economic Security, Community Prosperity, & Equity Across the Lifespan, on October 2-3, 2013.
Written by Dory Rand on February 12, 2013 - 5:29pm
As we experience wild swings in the weather from bitter cold to unseasonably warm in some parts of the country, we are finally seeing some calming trends in the housing and financial sectors. Unfortunately, we are likely to continue to see many more foreclosures and possibly several more discoveries of, or settlements regarding, abuses that led to the financial crisis, before we can claim that the worst is really behind us.
Written by Dory Rand on December 14, 2012 - 6:28pm

Woodstock’s staff and board members gathered together with some of our colleagues last week at a lovely art gallery in Wicker Park to reflect on the work that we've done and look forward to future partnerships. If you couldn't join us, here’s a selection of Woodstock’s greatest hits of 2012.

Written by Dory Rand on December 13, 2012 - 12:00am

The overseer of Fannie Mae and Freddie Mac, Ed DeMarco, recently proposed raising fees on mortgage loans made in Illinois and four other states because of their long foreclosure processes. In a disappointing editorial, the Chicago Tribune argued that changing Illinois’ rules that protect homeowners struggling to save their homes would expedite the foreclosure process and encourage a housing recovery. This argument oversimplifies a complex problem and would set back our state’s housing market, not help it.