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Written by Katie Buitrago on July 21, 2014

The Consumer Financial Protection Bureau (CFPB) is blowing out the candles on its third birthday cake today, and I hope their hard-working staff is taking a moment to celebrate a job well done. They’ve made substantial progress towards their mission of “making financial markets work for American consumers — whether they’re applying for a mortgage, borrowing for college, choosing a credit card, or using any number of other consumer financial products.”

Written by Dory Rand on July 17, 2014

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. 

Springfield
Written by Courtney Eccles on June 9, 2014

The spring Illinois legislative session just came to an end. Here are highlights of what happened in Springfield on issues affecting wealth-building opportunities for Illinoisans:

Written by Dan Fair on June 6, 2014

The House of Representatives’ Oversight Committee last week called for an end to a critical Department of Justice (DOJ) anti-fraud investigation called “Operation Choke Point.” Eliminating the operation could hamper DOJ’s ability to prevent the financial abuse of some of the most financially vulnerable consumers.

Written by Dan Fair on June 5, 2014

Last year, thousands of consumers filed complaints with the Consumer Financial Protection Bureau (CFPB) regarding financial products. In Illinois, complaints from consumers focused on mortgage services, banking services, credit cards, and other critical services.

Tags: cfpb
Written by Katie Buitrago on May 28, 2014

Westwood College, a for-profit university, attracts students with a promise of a law enforcement career upon graduation.

Written by Dan Fair on May 28, 2014

You may have heard about the Consumer Financial Protection Bureau (CFPB), but what can it do for you and your constituents?

Written by Dory Rand on May 20, 2014

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.

Written by Katie Buitrago on May 19, 2014

Some career education programs promise students a bright future, but many graduates of such schools find that they don’t have the right credentials for their careers—and a shockingly high percentage never graduate at all.

Written by Dan Fair on May 14, 2014
Six years after the financial collapse of 2008, the fight to rebuild our communities has not ended.
Written by Dan Fair on May 1, 2014

For more than 20 years, the Chicago Community Loan Fund (CCLF) has been providing responsible financing and technical assistance for community development projects in the Chicago area.

Written by Courtney Eccles on April 21, 2014
We have a unique opportunity to influence the debate around restructuring the housing finance system.
Dory Rand
Written by Dory Rand on April 18, 2014

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.

Written by Courtney Eccles on April 15, 2014

The Illinois House last week took the first step towards ensuring that workers who receive their wages on payroll cards are protected from deceptive fees that can eat away at their earnings.

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