|
|
Fact Sheets
Short reports on critical community development issues, designed for wide distribution to a variety of community reinvestment audiences.
DocumentsDate added
Marva Williams and Tim Westrich
This bibliography contains complete citations for research and resources related to alternative depository institutions including: community development banks, community development credit unions, low income credit unions and mainstream credit unions.
Regulating Payday Loans - How Does The Illinois Payday Loan Reform Act Compare to Other States
02/15/2005
Tom Feltner
Provides a state-by-state comparison of key consumer protections included in payday lending legilstation and regulation and compares to the consumer protections offered by H.B. 1100 developed by Woodstock Institute and the Monsignor John Egan Campaign for Payday Loan Reform.
Guide to Economic Indicators is a reference to key facts and metrics critical to community development. The guide contains hundreds of facts on consumer assets, spending patterns, international remittances, retirement savings, pensions, Social Security, the community development financial institutions industry, credit card debt, payday lending, predatory mortgage lending, and the Community Reinvestment Act.
Comparing the Cost of Short Term Credit Before and After the Monsignor John Egan Payday Loan Reform
06/13/2006
Tom Feltner Uses data from the Veritec Solutions February 2006 report on Illinois lending under the Payday Loan Reform Act and data collected by the Monsignor John Egan Campaign for Payday Loan Reform in 2004 to calculate the success of the act in reducing the cost of traditional payday loans and the high cost of new installment loans designed to evade the protections provided by the act.
Marva Williams
Fact sheet describing the impact of high cost refund anticipation lending on lower-income and minority communities. Geoff Smith
Analysis of HB 4050 pilot area lending and foreclosure patterns.
Woodstock Institute will host the Chicago premiere of the new documentary Maxed Out
which exposes the absurdities and contradications of the modern
financial system and how they have contributed the record level of
household debt. The premiere, hosted by Chicago Public Radio's Steve
Edwards of "Eight Forty-Eight," will include a panel of national
experts on the debt crisis, including Nickel and Dimed: On (Not) Getting by in America author
Barbara Ehrenreich and director James Scurlock. Local organizations
will also be on hand to discuss what they are doing to help put working
families' finances back on track.
Tom Feltner Describes the distribution of refund anticipation loan lending in the Chicago region using 2003 IRS tax preparation data - the most recent available. Also provides information on recent innovations in the income tax loan industry such as the holiday and paystub loan. Refund Anticipation Loan Flyer
03/02/2010
Educational flyer for the general public that demonstrates the high costs and risks associated with refund anticipation loans (RALs). Ideal for posting in community organizations, free tax preparation sites, credit counseling organizations, churches, banks or credit unions, or any organization with community ties. This fact sheet describes the Home Mortgage Disclosure Act (HMDA) and outlines key reforms that must be made to HMDA, including improving the collection of data on borrower income and debt-to-income ratios, closing gaps in types of loans that are required to be reported, and reporting additional data for purchased loans.
|
|
||
|
|
|||
|