Authors Posts by Woodstock Institute

Woodstock Institute

Woodstock Institute

Trusted research, policy, and advocacy organization advancing causes of financial justice, economic security, and community prosperity.

Contact:

Phone: (312) 368-0310
Fax: (312) 368-0316

Don’t Let Payday Loans Turn Your Holiday Dreams Into A Nightmare

This holiday season, many will be tempted to turn to payday loans, auto title loans, or high-cost installment loans to purchase gifts. In fact, payday lenders make their greatest profits this time of year. With some of these loans carrying triple-digit interest rates, consumers can find themselves trapped in a cycle of debt, paying for gifts long after the holiday spirit has faded.

Consumer and Small Business Advocates Oppose OCC’s Plan to Offer Fintech Lending Charters

Today, the Office of the Comptroller of the Currency (OCC) announced its intention to offer national charters to financial technology firms, which could severely undermine state oversight and state consumer protection laws that protect consumers and small business owners from abusive financial products and practices. The OCC is accepting comments on its framework until January 15, 2017.

Consumer Advocacy Groups Condemn Federal Court’s Decision Regarding CFPB

The Washington D.C. Circuit Court of Appeals issued a ruling against the Consumer Financial Protection Bureau (CFPB) in PPH Corporation v. CFPB, a case dealing with the CFPB’s ability to order New Jersey mortgage-lending company PPH to pay a $109 million enforcement penalty after the corporation was found offering illegal kickbacks to mortgage insurance partners.

Popular Government & Nonprofit Press Releases

Congresswoman Eleanor Holmes Norton

Norton Headway on Anti-Home-Rule Riders Gives Her Momentum for Removing Most...

Although the fiscal year 2018 D.C. Appropriations bill passed by the House today contains five anti-home-rule riders, Congresswoman Eleanor Holmes Norton (D-DC) said she believes she will be able to keep most of them out of the final spending bill, which must be passed by December 8. The Senate version of the fiscal year 2018 D.C. Appropriations bill has not been introduced, but even under Republican control the last two fiscal years, the bill has contained zero anti-home-rule riders

Recent Government & Nonprofit Press Releases

NAHB

Housing Production Holds Steady in August

Nationwide housing starts fell 0.8 percent in August to a seasonally adjusted annual rate of 1.18 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 1.6 percent in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9 percent above their level over the same period last year.