press release

Pilot savings program shows potential of universal, statewide children’s savings plan

Written by Tom Feltner on April 20, 2010 - 12:00am

The task force is charged with developing recommendations for a universal, statewide children’s savings plan which could help ensure that all Illinois children have the opportunity to build assets. Opened at birth and linked to financial education, the accounts would offer youth and their families the tools and incentives to accumulate savings.  The proceeds could be used for long-term goals such as college or post-secondary training, buying a home, starting a business, or retirement.

Register now for “Beyond Foreclosures: The Impact of the Financial Crisis on the Wealth Gap and Economic Opportunity”

“Beyond Foreclosures:  The Impact of the Financial Crisis on the Wealth Gap and Economic Opportunity” will explore how the economic and foreclosure crisis has changed the landscape of access to financial services, and in particular, how it has affected credit scores and bankruptcy rates in communities of color.

“Beyond Foreclosures:  The Impact of the Financial Crisis on the Wealth Gap and Economic Opportunity”

The Community Lending Fact Book: Measuring the recovery, one loan at a time

For 25 years, Chicago region community organizations, lenders, banking regulators, and the media have relied on Woodstock’s analysis of local lending patterns to highlight community investment success stories, and show how some communities have been passed over.

Senate financial reform bill embodies consumer protection principles

“While there is room for improvement, we believe this bill goes a long way towards creating a financial system in which all Americans can safely borrow, save, and flourish,” says Woodstock Institute president Dory Rand. “We support Sen. Dodd’s efforts to stand strong against the interests of Wall Street and create a bill that puts Main Street first.”

Tax preparers operate with little oversight as refund loan protections go unenforced

Written by Tom Feltner on February 8, 2010 - 12:00am

At issue is a 2007 federal guidance, which requires banks making refund anticipation loans, or RALs, through paid tax preparers to review both the advertising and the professional qualifications of paid tax preparers arranging the loans.  Advertising violations and incorrectly prepared tax returns suggest that the guidance has not been adequately implemented.

Woodstock staff take on new roles

Written by Tom Feltner on January 11, 2010 - 3:01pm
“Geoff and Tom have greatly contributed to the Institute’s success and we are now in a unique position to affect change in our priority area - financial services reform,” said Dory Rand, Woodstock president. “We believe we can have a significant impact on our issues and successfully reshape the financial system to ensure that low-wealth people and communities of color can build and preserve assets.”

Federal Reserve names Dory Rand to Consumer Advisory Committee

Written by Tom Feltner on December 18, 2009 - 3:55pm
 
“This is an opportunity for Woodstock Institute to have a direct on influence financial services policy at the Federal Reserve Board level,” said Rand.  “I plan to be a strong advocate for fair lending, wealth creation, and regulatory reform.”

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