Written by Jenna Severson on April 20, 2018
Trying to hold thoughtful discussions in D.C. about public policy amidst the drama of late night Tweets, surprise retirements, and FBI raids is no small feat! But from April 9 through 11, Woodstock joined advocates across the country at the National Community Reinvestment Coalition’s (NCRC) Just Economy Conference to focus in on community reinvestment developments, practices, and policies. The conference reminded us and our allies that despite the current wave of overwhelming political change and instability, we’re not backing down. We’re here for the long haul in the fight for financial justice.
Written by on April 4, 2018
The Perils of a Compromised CensusThe U.S. Department of Commerce made headlines in late March when it announced that, at the request of Department of Justice, it will be adding a question about...
Written by Lauren Nolan on March 21, 2018
On March 16, 2018, Crain’s Chicago Business ran an article titled “Chicago leads U.S. in underwater homes.” It discusses the findings of a recent report from the property data firm CoreLogic....
Written by Brent Adams on March 1, 2018
We’re making waves across the State! The Woodstock-led campaign to oppose an increase in the maximum rates that currency exchanges may charge for check-cashing and to reform the state’s check-cashing...
Written by Lauren Nolan on February 16, 2018
Data on the number and amount of bank loans made to businesses are now available on Woodstock’s data portal. These data are important because they provide information about small business access to capital, which is a key element to growth and success. Small businesses create economic opportunity within neighborhoods, increase local employment opportunities, and provide residents a means of wealth building through entrepreneurship. Businesses that have access to adequate levels of capital grow more rapidly, hire more workers, and make more investments than businesses that do not have access. Without the availability of bank loans, small businesses often must turn to alternative forms of capital, which can come with high interest rates, onerous terms, and poor customer service.
Written by Dory Rand on December 19, 2017
In the long battle over payday loans, we stand at a crossroads. Woodstock Institute is mobilizing an Illinois’ coalition of consumers and concerned citizens to protect the federal payday and title...
Written by Dory Rand on October 24, 2017
A lot is going on in the financial justice sphere these days! Let’s start with some positive news. The Consumer Financial Protection Bureau (CFPB) announced on October 5 a final rule on payday and...
Written by Jenna Severson on October 11, 2017
Robots have invaded the world of financial advising. Today hundreds of online programs are available, promising sage retirement and financial investment advice at the click of a button.
That brings us to our first question: What Is a Robo-Advisor?
Written by Lauren Nolan on October 3, 2017
Results from the latest American Community Survey (ACS) released on September 17th illustrate persistent inequality by race and ethnicity in income and homeownership rates among Chicago residents....
Written by Jenna Severson on September 27, 2017
Hello readers!I’m thrilled to announce I have joined the Woodstock Institute as the new Communications and Development Associate.I apologize for taking a while to introduce myself formally; my start...
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.