Woodstock in the News
By Becky Yerak
Two new bank branches in lower-income or largely minority Chicago neighborhoods are expected to open as Huntington Bank seeks to win over community groups as it awaits regulatory approval for its acquisition of FirstMerit Bank.
by Bruce Rushton
A bill to regulate online lenders that target small businesses with loans that can carry more than 100-percent annual interest rates is moving, albeit slowly, through the Illinois General Assembly.
by Lydia Hu
Regions Bank, Birmingham’s largest private employer, cannot apply to open or buy new bank branches. This limit on growth follows a downgrading in its Community Reinvestment Act rating.
By Ellyn Fortino
Saving for retirement could get much easier for more than a million private-sector Illinois workers next year under a first-in-the-nation state program that is in the works.
By Peter Rudegeair, Emily Glazer, and Ruth Simon
J.P. Morgan Chase & Co. spent about $8 billion this year on technology. But when it came to developing a new online loan for small business, the bank turned to an unlikely outsider.
By Kathy Sweedler
Interest rates on loans vary tremendously. For example, the benchmark 30-year fixed-rate mortgage loan rate is 4.01%, according to Bankrate's recent survey of large lenders. In contrast, a vehicle title loan's annual percentage rate is often over 200%!
By Gail MarksJarvis
Secretary of Labor Thomas Perez will laud Illinois on Monday for being the first state in the country to make retirement saving easier for people working for small companies and will lay out rules aimed at helping other states follow without fear of being sued.