In the early 1970s, Aaron and Sylvia Scheinfeld were unhappy with the state of things in the Chicago region. Redlining, predatory lending, and inequality plagued the area.
On the surface, the Consumer Mortgage Choice Act (HR.1077/S.949) sounds like legislation that would be good for consumers. In actuality, it poses some serious threats to mortgage protections recently put in place by the Consumer Financial Protection Bureau (CFPB).
Yesterday I celebrated my first five years with Woodstock Institute. When I joined Woodstock as president in 2008, the financial crisis was just getting into full swing and the future was quite uncertain.
Two incredibly important votes are scheduled this week in the U.S. Senate. The nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) is set to be voted on by the full Senate, while the nomination of Congressman Mel Watt to lead the Federal Housing Finance Agency (FHFA) is scheduled in the Senate Banking Committee. Both votes will likely happen tomorrow, so we must act now.
A battle for the future of the Consumer Financial Protection Bureau is gearing up in the Senate this week.
Municipalities across the Chicago region are struggling to come up with effective ways of making vacant homes productive again. Some communities are hitting a wall: how can you design a response when you don’t fully understand the problem?
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.