Woodstock in the News
By Greg Hinz
With not a vote to spare, Illinois lawmakers approved a bill that would enroll 2.5 million private-sector workers in a retirement savings program unless they opt out.
The Illinois legislature on Wednesday approved the Illinois Secure Choice Savings Plan and thus did the right thing for an estimated 2.5 million Illinoisans statewide who do not have access to employee-sponsored retirement plans.
By Juliette Fairley
NEW YORK (MainStreet) — Some 50% of Americans who fall into overdraft do so, because they don’t know their account balance, according to a recent survey from GoBankingRates. That lack of knowledge is extra dangerous when it comes to the overdraft policies of banks, and consumer advocates are fighting back to end these misleading overdraft bank policies that prey on consumers.
By Elliot Schreur
The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include postal banking, savings, and work
By John Sandman
NEW YORK( MainStreet) - Late last month the Department of Education (ED) released its final rule that spells out what for-profit colleges must do to remain eligible for federal aid, money used by students to attend these schools, which have been criticized for their low graduation rates and low value credentials.
ED said these regulations were designed to ensure that these institutions improve their outcomes for students or risk losing access to federal student aid if they fail to make the grade.
Last summer I wrote about Arianna Huffington's latest book, Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream and talked about the Great Recession, the Great Bailout, and the Great Cover-Up of financial crimes.
I also wrote that municipal financial problems spelled a lower quality of life. Downtown Chicago crime escalated, along with attacks on officers in the Chicago Police Department. An officer who spoke up about the low morale of the undermanned and rudderless police force endured official retaliation. ("Third World America: 'Fast Tracking to Anarchy")
By Mary Ellen Podmolik
Kristin Faust has many concerns when it comes to housing, homeownership and neighborhoods, but prime among them is the disappearance of the middle class.
Less than two months into her new job as president of Neighborhood Housing Services of Chicago, Faust is driving neighborhoods, meeting funders and studying data to formulate a strategy to carry on the nonprofit's mission.
By Natalie Moore
In underserved communities, entrepreneurs have a hard time finding capital to start and grow their businesses.
But several programs in Chicago are helping these micro-business owners secure loans and be financially successful.
Military deserves protection from loan sharks before, after serving their country
CHICAGO— As our nation marks this day in honor of those who have served the country, Woodstock Institute calls on the Illinois Congressional delegation to follow the lead of the Department of Defense and put action behind the platitudes, honoring our veterans by reining in abusive payday lending.