Indepth analysis of persistant problems in the field of community development. Woodstock's research reports contribute to the body of knowledge used by policymakers and community development practitioners.
This report provides a method for estimating the loan
terms and conditions, default conditions, automobile characteristics, and
borrower demographics of title loans in Illinois
based on Cook County
court cases filed against borrowers in default during 2005. It identifies key
information on the title loan industry necessary to inform the public debate on
how to best apply nationally recognized small loan consumer protections to the Illinois
title loan industry.
This report analyzes data on 504 lending for the
entire nation and for the Chicago metropolitan area to discern whether
this SBA program is serving sound economic development purposes.
Describes the regulatory and other industry trends that impact the penetration of lower-income markets by credit unions. The report recommends that the Community Reinvestment Act (CRA) be amended to include credit unions.
This study finds that a number of basic financial
services are lacking in Pilsen. Only two institutions offer
checking accounts and only two provide ATM service. In a
community that is 88 percent Latino, only one institution distributes
literature in Spanish. The study also finds that a majority of
residents use currency exchanges for their primary financial needs.
