Today at its annual Clinton Global Initiative America (CGI America) meeting, Woodstock Institute announced its “Commitment to Action,” which will further our work to strengthen retirement security.
While some headlines claim that the housing market is recovering, we know that too many homeowners have not. The Chicago region experienced more than 66,000 new foreclosures in 2012 and more than a quarter of Illinois homeowners are underwater on their mortgages—particularly those in communities of color.
CHICAGO - A bill that removes the asset limit for Temporary Assistance for Needy Families (TANF) recipients in Illinois, making it easier for them to build savings, has passed both chambers of the General Assembly and is on its way to the Governor’s desk.
Senate Majority Leader Harry Reid announced plans to hold a vote on Consumer Financial Protection Bureau (CFPB) director Richard Cordray’s confirmation. It’s no surprise that some Senators—including Illinois’ Mark Kirk—are threatening to filibuster the vote. The vote to overcome the filibuster will happen tomorrow.
Things are different today than they were in 1973.
Unfortunately, the Community Reinvestment Act remains largely the same —and that’s a problem.
The Consumer Financial Protection Bureau (CFPB) recently released information that makes it easier for the public to detect worrisome practices in financial services and assess whether financial institutions are adequately serving consumers.
CHICAGO—Proposed new guidance released today by two of the federal banking regulators could put an end to the worst practices of payday lending by banks. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed standards that the banks they regulate would have to comply with regarding what they call “deposit advance” features on bank accounts and reloadable prepaid cards.