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Woodstock Developments Newsletter DocumentsDate addedSegregated mortgage market drives lending abuses, consumers pushed into spiraling debt, sunshine provision leaves non-profits out in the cold, where banks do business, micro-entrepreneurs network for success.
Stories include: Many Borrowers Unaware of Mortgage Interest Rate Details, Congress Makes Saving Easier for Modest-Income Families, Federal Regulators Do Incomplete, Inconsistant Job, What We Need is a Meaningful, National Standard for Mortgage Underwriting, Woodstock Institute Gets MacArthur Award.
Stories include: Payday Lenders Put Costly New Spin on Old Product, New Illinois Fact Books Bring Foreclosure and High-Cost Loan Analysis to Illinois Communities, Madigan Pushes Pension Boards to Cut of Investments in Predatory Lenders, Woodstock Institute Predatory Lending report Helps Win Cincinnati Settlement, Banks Demand Paybacks from Mandated CRA Activity That Limit Nonprofit and Consumer Choices, Woodstock Welcomes Ada Skyles As New Board Chair.
Stories include: New Document Sets Strong Goals for Chase, Preserves Influence of CRA; Woodstock to HostCommunityReinvestment Conferencein Brazil; New Woodstock Study Finds Subprime Loans Lead to Neighborhood Foreclosures; Woodstock Meets with Comptroller of the Currency Officials on CRA; Regulators Break Ranks on ‘Small’ Bank Definition in CRA; Broad Support for New Payday Lending Laws.
Credit union services debate intensifies, national collaboration ends bank-payday lender partnership between Brickyard Bank and Check N' Go, community development banks thrive, State Farm Bank practices critiqued. MAF Bancorp investigated for fair lending violations. Woodstock Institute fights to preserve CRA, learning how to hold predatory lenders accountable, changes in small business lending affects lower-income communities, Woodstock protests Midamerica / Mid-Town Bank merger, advocates victorious over single premium credit insurance. Woodstock Institute documents the duel mortgage market, final CRA "sunshine" rules, Woodstock Institute asks OCC to step up CRA enforcement. This edition of Woodstock Developments gives an overview of new legislation to update the Community Reinvestment Act, discusses the implications of improperly prepared foreclosures, looks at the latest Home Affordable Modification Program numbers, argues that we must reform asset limits for public benefits programs, and more. In this edition, Dory Rand reflects on how gratitude should drive our work, Woodstock welcomes new Vice President of Applied Research Spencer Cowan, we ask you to sign on in support of Richard Cordray for Consumer Financial Protection Bureau Director, HAMP modifications in the Chicago region fail to keep pace with demand, and more. This edition of Woodstock Developments gives an overview of new legislation to update the Community Reinvestment Act, discusses the implications of improperly prepared foreclosures, looks at the latest Home Affordable Modification Program numbers, argues that we must reform asset limits for public benefits programs, and more. |
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