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
In a significant victory for consumers, the House Financial Services Committee passed the Credit Cardholders’ Bill of Rights (H.R. 627) by a vote of 48 to 19. The bill now moves to the full House of Representatives for consideration.
Stephen Colbert of the Colbert
Report did a great
piece on Illinois Congressman Luis Gutierrez’ so-called Payday Loan Reform
Act of 2009 (H.R. 1214). Colbert notes that although Rep. Gutierrez used to
be on the side of consumers, introducing legislation in previous sessions to ban
payday loans, he recently changed his tune and has introduced a bill to codify
payday loans with rates over 700 percent interest. Colbert suggests that this
shift in policy position might have occurred because of recent campaign
contributions from the payday industry.
The anti-predatory mortgage lending bill proposed by House Financial Services Committee Chair Barney Frank, H.R. 1728, contains many good provisions but several problematic provisions as well.
Currently about half of all workers lack workplace pensions or retirement plans. Among the President’s many bold ideas outlined in his recent address to Congress and 2010 budget are two little-noticed proposals for helping people build retirement security.
The Treasury Department and Congressional committees have recently taken several steps in the right direction regarding the financial crisis.
The U.S. Treasury Department is now requiring banks that received the most funds from the Troubled Asset Relief Program (Tarp) to report on use of those funds, and not a moment too soon.
President Obama said in his inaugural speech today that “a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended … on the reach of our prosperity; on our ability to extend opportunity to every willing heart….” As we “begin again the work of remaking America,” we need to remember and apply some key messages from the speech to address the economic crisis.
In recent months numerous critics have unfairly blamed the current financial crisis on efforts to increase lower-income homeownership.
What kind of contract can be changed at any time for any
reason by one party often to the detriment of the other? Credit card contracts, but hopefully not for
Without a doubt, a new financial services disclosure act, enacted by Congress and incorporating what has worked in the Home Mortgage Disclosure Act, is sorely needed. Most nonmortgage lending data is still collected by myriad state agencies. Tracking foreclosures, certainly a national concern, is still a strictly local affair.