Woodstock Institute staff work with the press to provide research and policy expertise on issues ranging from foreclosures to predatory lending to banking reform and more. To reach a Woodstock expert, contact Drew Dickerson at 312-368-0310.
This article illustrates how Woodstock’s Theory of Change model applies to its work in the area of wealth creation and preservation. The specific example used here is Woodstock’s work to develop, pass, and implement the Secure Choice Savings Program, which requires employers with more than 25 employees that have been in existence for two years and don’t currently offer a retirement savings plan to automatically enroll workers into an individual retirement account. The workers have the option to opt-out.
In this first part of our Theory of Change series of blog posts and images, Woodstock President Dory Rand explains the ways in which Woodstock Institute is working to achieve our mission of creating a just financial system in which lower-wealth people and communities, and people and communities of color, can achieve economic security and community prosperity. In this series, our research and policy staff will discuss the strategies we use to effect positive, lasting financial systems change.
Washington, DC – A coalition of consumer groups are calling on Acting Illinois Insurance Director Anne Melissa Dowling to reverse her “do-nothing” position and start protecting Illinois consumers from the unfair use of certain information unrelated to insurance risk – such as personal consumer shopping data – to set auto and homeowners insurance prices. The groups say that the use of price optimization by Illinois insurers violates Illinois statutes requiring cost-based insurance pricing and prohibiting unfair discrimination.
Chicago – Woodstock Institute is pleased to announce Brent Adams has joined the organization as Vice President of Policy. Brent is an experienced financial and social justice advocate with background in the nonprofit, public, and private sectors. He will collaborate with the Senior Vice President for Research Spencer Cowan in setting the organization’s research agenda and develop policy solutions. Additionally, he will drive state and national coalition work, build relationships with colleague organizations, and assist with fundraising.
CHICAGO – A new report by Woodstock Institute and the Illinois Asset Building Group (IABG) finds that increasing numbers of Illinois consumers are ending up in a long-term cycle of debt due to triple-digit interest rates and long loan terms as they turn to title loans to try to make ends meet.
CHICAGO-We are celebrating two important birthdays today: the fourth birthday of the Consumer Financial Protection Bureau and the fifth birthday of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB has defended consumers against predatory businesses and financial products for four years, while the Dodd-Frank Act has empowered the federal government to make major progress towards cleaning up Wall Street. The CFPB has conducted research, created rules, and taken enforcement action in a variety of areas including prepaid cards, student loan debt and servicing, mortgage lending, and credit cards. Now, the CFPB is working to introduce new rules that will create federal payday loan regulations for the first time.