Testimony of Geoff Smith, Project Director of Woodstock Institute focusing on the persistent disparities seen in the mortgage lending market, the impact that these disparities have on neighborhoods; and what the Federal Reserve Board can do to curb abusive lending practices.
Marva Williams, Woodstock Institute Senior Vice President, comments in favor of H.B. 1100 creating the Illinois Payday Loan Reform Act and discusses the five key consumer protections included in the bill.
Geoff Smith, Woodstock Institute project director,
discusses Woodstock Institute's research documenting the relationship
between concentrated subprime lending and neighborhood foreclosures.
Testimony before the US House of Representatives Subcommittee on Oversight and Investigations on OTS’s actions to weaken CRA. Comments offered suggestions to promote improvements to CRA that would increase access to lending, investments, and services in low- and moderate-income markets such as the requiring the continued reporting of small business lending data for mid-sized banks and thrifts. They also requested that the OTS collect data on new retail accounts opened for low- and moderate-income households; and promoting investment in declining and underserved rural markets.
Testimony of Geoff Smith, Project Director at Woodstock Institute, before the Illinois Department of Financial and Professional Regulation
regarding the need for and implementation of the HB 4050 predatory lending database pilot program.
