From the President: Celebrating 5 years with Woodstock Institute


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Woodstock Developments

A monthly update on new research, analysis, and advocacy from Woodstock Institute

July 18, 2013


From the President: Celebrating 5 years with Woodstock Institute


This week I celebrated my first five years with Woodstock Institute. When I joined Woodstock as president in 2008, the financial crisis was just getting into full swing and the future was quite uncertain.

We knew that deregulation of the financial industry and short-term profit-seeking through toxic loan products had led to the disaster, but we didn’t know how we were going to help people in foreclosure and make our financial system more just and sustainable.


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Richard Cordray confirmed as CFPB director

Richard CordrayIn a huge victory for consumers and advocates, Richard Cordray has been confirmed and sworn in as the director of the Consumer Financial Protection Bureau. Both Illinois Senators Mark Kirk and Richard Durbin voted in favor allowing the confirmation to proceed to an up-or-down vote, but despite 7,000 Illinoisans signing our letter urging Senator Kirk to confirm Cordray, only Sen. Durbin voted in favor of the confirmation.

With a confirmed director, the CFPB can continue its work regulating some of the worst financial products and the companies that offer them. 


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CFPB's Steve Antonakes added as keynote speaker at Woodstock's 40th anniversary research symposium and bash 

Steve AntonakesActing deputy director of the Consumer Financial Protection Bureau has been confirmed as a keynote speaker at Woodstock's Babies, Boomers, and Beyond: Economic Security, Community Prosperity, and Equity Across the Lifespan. He joins UCLA professor and director of the Center for Policy Research on Aging, Dr. Fernando Torres-Gil, who is also confirmed as a keynote speaker. 

Before being appointed acting deputy director, Antonakes 
served as the CFPB’s Assistant Director of Large Bank Supervision and was charged with establishing the consumer protection supervision program for the largest financial institutions in the country which collectively account for over 75 percent of the nation’s banking assets.


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Woodstock announces presenters, moderators, and industry respondents for Babies, Boomers, and Beyond

Woodstock 40th anniversaryWoodstock Institute has announced panelists for its 40th anniversary research symposium and bash! The more than 25 presenters, moderators, and industry respondents come from many areas of expertise and research backgrounds.

Don't miss an opportunity to learn from and with experts in retirement security, college savings, mobile banking, credit traps, and much more.

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New at Regional HOPI: Housing Instability For Renters Continues, Chicago Responds with Adoption of New Tenant Protections

pie_chartEarlier this month, the Lawyers' Committee for Better Housing released the Tenants in Foreclosure Intervention Project 2012 report.
LCBH started compiling foreclosure data since 2009, and found that in 2012 the City of Chicago experienced the smallest year-to-year decrease in apartment building foreclosure filings since the beginning of the foreclosure crisis. Not only did the foreclosure crisis recovery slow city-wide, but filings actually increased in Austin, Englewood and other neighborhoods already suffering some of the worst effects of the foreclosure crisis.


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In this issue

  Recent Work

pdf_icon_smallDeciphering Blight: Vacant Buildings Data Collection in the Chicago Six County Region
June 2013

pdf_icon_smallThe Case for Banning Payday Lending: Snapshots from Four Key States
June 2012

pdf_icon_smallUnequal Opportunity: Mortgage Disparate Morgage Origination Patterns for Women in the Chicago Area
March 2013

  [+] View All Publications

Woodstock in the News

Housing Wire
Woodstock Institute defends CFPB data depot

"In attempting to collect data to inform opinions on how to help borrowers, the bureau is creating a privacy concern for government officials and the general public. It's not new. The CFPB is not trying to hide its data collections practices and related partnerships. 

In light of this, the Woodstock Institute voiced that it stands with the CFPB progress, claiming that the data could clue regulators in to another emerging mortgage crisis before it occurs and allow them to conclusively detect discriminatory lending practices."

Read the story

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