Files

DocumentsDate added

Comments to OCC Opposing Preemption of State Consumer Protection and Predatory Lending Laws

September 30, 2003

Woodstock Institute's comment letter opposing the OCC preemption of state consumer protection statutes for national banks. This preemption removed much of the consumer and fair lending authority previously granted to states by Congress and failed to provide a national policy to protect borrowers from abusive lending practices.

Comments to Representative Culbertson Opposing Matricula Consular Limitations

September 16, 2004

Opposes amendment to 2005 appropriations bill which would  undermine the final rules adopted by the U.S. Department of the Treasury in accordance with Section 326 of the USA PATRIOT Act, which allows for financial institutions to accept the Matricula Consular.

New Information Calls for Denial of H&R Block Bank

March 27, 2006

Woodstock Institute submitted a comment letter requesting the denial of the application of H&R Block to become a national thrift.  The OTS, which regulates thrifts and approved the application in March of 2006, should withhold approval based on new information provided by the Attorney General of New York describing the bank's intent to use the thrift charter to continue offering a type of retirement product that has been shown to consume any potential earnings with undisclosed fees.

Woodstock and the Monsignor John Egan Campaign for Payday Loan Reform Comment on IDFPR Proposed Rules to Close Illinois Title Loan Loophole

September 10, 2008

Woodstock Institute supports the Illinois Department of Financial and Professional Regulation proposed changes to the definition of a short-term title-secured loan under the Consumer Installment Loan Act and suggests eight additional protections necessary to eliminate other abuses common to the automobile title loan industry.

Woodstock supports OCC rule expanding national bank authorization to make direct and indirect investments in community development projects

September 09, 2008

Woodstock Institute supports the OCC rule implementing the Housing and Economic Recovery Act of 2008 which permits national banks to make qualified direct or indirect investments in community development projects totaling 15 percent of their combined tier one and tier two capital, so long as 51 percent of the portfolio benefits low- and moderate-income communities or families.