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August 17, 2010 As bank regulators take a close look at modernizing the Community Reinvestment Act (CRA) through a series of hearings and public comment period, we’re walking you through some key reasons why CRA must be updated. Last week, we explained how assessment areas don’t fully capture where a bank does business (see the discussion at Huffington Post). Today we’ll explain how CRA applies only to a fraction of the financial industry and why communities need a broader CRA to ensure that all financial institutions are offering safe and sustainable products where they do business. Read More April 05, 2010 Supplemental Security Income (SSI), the Social Security program designed to help the most vulnerable Americans with disabilities meet basic needs, has seen several successful efforts to encourage recipients to work, but still discourages savings, says a recent Woodstock Institute letter to Illinois lawmakers. Read More January 22, 2010 According to recent news reports, Illinois’ bankruptcies are going up—and outpacing the rest of the nation. In northern Illinois, bankruptcy filings rose by 38% in 2009, compared to 34.5% growth nationally. The trend looks likely to continue in 2010.
Read More December 04, 2009 The Savings for American Families' Future Security Act of 2009 (H.R. 1961) would expand access to retirement savings for low- and moderate-wealth Americans.
Read More October 22, 2009 Checking accounts with high-cost overdraft fees are increasing older persons’ economic vulnerability, says a new report from Woodstock Institute, “Improving Economic Security Later in Life: Meeting the Credit and Financial Services Needs of Older Persons.” The controversial overdraft fees, recently under fire from Senator Chris Dodd (D-CT), particularly burden beneficiaries of Social Security payments and low-income older persons.
Read More February 26, 2009 Currently about half of all workers lack workplace pensions or retirement plans. Among the President’s many bold ideas outlined in his recent address to Congress and 2010 budget are two little-noticed proposals for helping people build retirement security. Read More |
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Reinvestment Alert 32 - Combating the Perilous State of Lower-Income Workers' Retirement Assets: The Recently Reenacted Federal Saver's Credit Provides a Modest Opportunity for Asset Building 
Reinvestment Alert 30: U.S. Household Debt Levels Are Worrying No Matter How You Look at Them 
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