If you work hard, you should be able to retire with dignity. However, over half of private-sector workers in Illinois don't have access to a retirement savings account at their workplace. This leaves a growing number of seniors unable to make ends meet during retirement.
The Consumer Financial Protection Bureau (CFPB) is in the “late stages” of making a rule to regulate payday lenders. It is critical to let them know that the rule should not include loopholes that lenders can exploit to make expensive, unregulated loans.
As we have documented extensively, there is a looming retirement security crisis in Illinois.
The Federal Reserve Bank of Cleveland released a report earlier this month finding that adoption of a fast-track foreclosure process for abandoned properties in the states of Ohio and Pennsylvania would save the states at least $24 million annually.
The Consumer Financial Protection Bureau (CFPB) made allegations last week that one of the nation’s largest for-profit colleges, ITT Educational Services, is pushing students into high-cost student loans that are built to fail. This is the CFPB’s first enforcement action against a for-profit college.
U.S. Bank announced earlier this year it intended to purchase Chicago-area branches of RBS Citizens/Charter One Bank.
Woodstock Institute celebrated our 40th anniversary in 2013 with a national research symposium and bash.
Every year Woodstock Institute staff and dozens of allies from Illinois go to Washington, DC, in the spring to galvanize the community reinvestment movement, learn about the latest developments, and visit our elected officials and regulators. 2014 is no different.
Over half of the private-sector workforce in Illinois—that’s more than 2.5 million people—lacks access to an employment-based retirement savings plan, Woodstock Institute research found.
Earlier this month, Woodstock staff, board members, partners, and friends gathered at Mars Gallery in Chicago to celebrate all we’ve achieved this year. If you were not able to make it, you missed my recap of Woodstock’s top accomplishments for 2013.
If you are interested in attending the National Community Reinvestment Coalition (NCRC) 2014 conference, be sure to register by Friday, December 20, to secure the early bird rate.
A recent report from the UK-based Community Finance Solutions at the University of Salford and Woodstock Institute calls for the United Kingdom (UK) to adopt a banking disclosure act similar to laws in the United States (US).