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Written by Dory Rand on July 12, 2017
In May, Lauren Nolan joined the Woodstock Institute as our Director of Research.
Written by Jason Olson on July 12, 2017
The financial technology (fintech) session was one of the most interesting sessions at the NCRC conference.
Written by Jason Olson on July 12, 2017
Woodstock Institute presented its 2017 Community Investment Award to the National Community Reinvestment Coalition (NCRC) at its annual reception on May 18 in Chicago. Woodstock president Dory Rand...
Written by Brent Adams on July 12, 2017
The ongoing budget stalemate darkened the mood in the Capitol, and Woodstock, as a member of the Responsible Budget Coalition, hopes that the legislature and the Governor can finally agree on a budget that raises revenue and maintains critical state services. In the meantime, however, Woodstock and others have been working to pass various pro-consumer bills, and we are pleased to report some success this session.
Written by Dory Rand on July 12, 2017
After nine months of back and forth, NCRC board members Elisabeth Risch of St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) and Woodstock President Dory Rand successfully...
Written by Brent Adams on July 12, 2017

Woodstock Institute celebrated victory in the successful defense of Consumer Financial Protection Bureau’s (CFPB) rule on prepaid cards against a repeal effort by Georgia Senator David Perdue. Sen. Perdue had attempted to do away with CFPB’s finalized prepaid rule through the Congressional Review Act, a law which enables Congress to roll back federal regulations.

Written by Dory Rand on March 6, 2017

On March 2 the Department of Labor published a proposed rule to delay for 60 days the implementation of its fiduciary rule. Woodstock has written frequently on this essential rule (see most recently our article on February 9, 2017), which requires investment advisors to put first the interests of customers rather than provide conflicted advice to make bigger commissions and profits for advisors. If the rule becomes effective, it will provide a crucial safeguard for the millions of Americans who put their trust in investment advisers as they save for retirement.

Written by Dory Rand on February 9, 2017

It has been a dizzying couple of weeks following the new administration’s series of actions and appointments that are likely to roll back protections for workers, retirees, consumers, refugees, and others. Although Woodstock Institute is nonpartisan and has not published separate responses to each unfortunate action, appointment, tweet, and misstatement of facts, we have been working closely with allies across the country to demonstrate support for many of the well-researched policies that are under attack.

Written by on December 21, 2016

It has been a busy and productive 2016 here at Woodstock Institute. What follows is far from an exhaustive account of Woodstock’s policy and research activities over the year. It’s just a quick survey of some of the “greatest hits.” 

Written by on December 21, 2016

This past year was a doozy! We made some significant progress on many fronts (see our Year in Review and below), but now much of that progress is threatened by the results of the election and the likelihood that people hostile to Woodstock Institute’s financial justice mission will be holding the reins of power. We are determined to defend and extend our progress and fight hard next year.

Written by Jason Olson on November 23, 2016
Hi, everyone. I’m very excited to be working as Woodstock Institute’s new Research Associate. Woodstock has a lot of exciting projects coming up, and I look forward to an interesting and inspiring...
Written by Brent Adams on October 4, 2016
CFPB's comment period for its recently proposed payday lending rule ends Friday, October 7.   The industry is flooding the CFPB with comments, so it is important for consumer advocates to make...
Written by on October 4, 2016

Governor Rauner has signed several bills that Woodstock supported during this year’s legislative session.  Here’s a recap of the Woodstock-supported bills that have now become law.

Written by Dory Rand on October 3, 2016

Over the last couple of years, as we have witnessed a growing number of bank mergers and acquisitions (M&As), federal bank regulators increasingly have issued conditional approvals that require banks to develop and implement Community Reinvestment Act (CRA) plans. The CRA is a federal law that encourages depository institutions insured by the Federal Deposit Insurance Corporation (FDIC), such as national banks and savings associations and state-chartered commercial and savings banks, to serve the financial and credit needs of all communities in which they are chartered, including low- and moderate-income (LMI) people and communities. 

Written by Brent Adams on September 19, 2016

The U.S. House Financial Services Committee passed the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act on September 13, a kitchen sink piece of legislation that would roll back many of the advances made since passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The bill takes a broad swipe at financial regulation and would decrease the power and independence of many oversight bodies. Among the bill’s targets are the Consumer Financial Protection Bureau (CFPB), Dodd-Frank’s signature Volcker Rule restricting dangerous speculative investments on the part of banks, and the Department of Labor’s fiduciary rule for retirement investment advice. This kind of legislation, regardless of whether it stands a chance of ever becoming law, represents a serious threat to regulators’ ability to protect consumers. 

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