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 April 22, 2009 - 8:33pm

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.

Written by Dory Rand on April 16, 2009 - 2:07pm

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.


Written by Dory Rand on April 13, 2009 - 3:29pm

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.

Written by Dory Rand on February 26, 2009 - 4:49pm

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.

Written by Dory Rand on January 30, 2009 - 10:44am

The Treasury Department and Congressional committees have recently taken several steps in the right direction regarding the financial crisis.

Written by Dory Rand on January 21, 2009 - 11:29am

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.

Written by Dory Rand on January 21, 2009 - 10:50am

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.

Written by Dory Rand on October 10, 2008 - 1:10pm

In recent months numerous critics have unfairly blamed the current financial crisis on efforts to increase lower-income homeownership. 

Written by Dory Rand on July 30, 2008 - 2:00am

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
much longer.

Written by Dory Rand on July 25, 2008 - 2:00am

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.