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Woodstock Institute

@woodstockinst.bsky.social
289 followers 219 following 201 posts

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

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Woodstock Institute @woodstockinst.bsky.social · 05/10/2026
Our Director of Applied Research, Serrater Chapman, appeared on @wttw.bsky.social last week to discuss some of the issues facing homebuyers as macroeconomic conditions continue to keep mortgage rates high. news.wttw.com/2026/09/29/m...
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Housing Action Illinois @housingactionil.bsky.social · 01/10/2026
This week, we joined 9 plaintiffs suing the Trump administration. Yesterday, a judge ordered the delay of the expiration of $56M for HUD's housing counseling program. This win is temporary & the fight isn't over, but we're relieved; this is a critical first step. housingactionil.org/blog/2026/10...
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Jonathan Welle @wellejonathan.bsky.social · 03/08/2026
Excellent reporting I find nowhere else on a pressing issue. Hats off to @oscarthinks.bsky.social
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Woodstock Institute @woodstockinst.bsky.social · 31/08/2026
"If approved, OppFi would be able to evade state laws that cap interest rates for borrowers." "Borrowers of the high interest loans often end up paying double or triple the principal, pushing them further into debt. Studies show these loans disproportionately affect Black and Latino communities."
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Chicago Sun-Times @chicago.suntimes.com · 29/08/2026
Opportunity Financial is looking to obtain a national bank charter through a $130 million deal to acquire BNCCORP and its subsidiary BNC National Bank, a nationally chartered commercial bank in Arizona.
chicago.suntimes.com
Loop company's bid to buy Arizona bank would spike predatory lending, consumer advocacy groups argue
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Woodstock Institute @woodstockinst.bsky.social · 11/08/2026
All panels from our 50th anniversary celebration of the Home Mortgage Disclosure Act are now available! Panelists discussed the history behind the 1975 law, HMDA data’s role in fair lending efforts, and what can be done to more effectively combat disinvestment. woodstockinst.org/woodstock-up...
woodstockinst.org
Data as Power: 50 Years of the Home Mortgage Disclosure Act
Woodstock Institute celebrated the 50th anniversary of the Home Mortgage Disclosure Act with movement leaders and industry experts.
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Woodstock Institute @woodstockinst.bsky.social · 10/08/2026
CHICAGO: Join us on October 21 for a conversation with @oscarthinks.bsky.social about his new book, The Banks We Deserve. Moderated by Michael Emancipator from the Independent Community Bankers of America. Don't wait! Register here: www.eventbrite.com/e/the-banks-...
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Next City @nextcity.org · 03/08/2026
A proposed overhaul of the Community Reinvestment Act would pull hundreds of banks out of the affordable housing tax credit market, undercutting the same incentives that the Road to Housing Act is expanding. nextcity.org/urbanist-new...
nextcity.org
Trump’s Proposed Reinvestment Rules Would Undermine New Housing Law
A proposed overhaul of the Community Reinvestment Act would pull hundreds of banks out of the affordable housing tax credit market, undercutting the same incentives that the Road to Housing Act is exp...
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Woodstock Institute @woodstockinst.bsky.social · 04/08/2026
woodstockinst.org/press-releas... A proposed rule would dramatically reduce community development lending & investment requirements for about 96% of all banks. The impact will manifest as unbuilt affordable housing, shuttered small businesses, & accelerated disrepair in lower-income areas.
woodstockinst.org
Federal Proposal Puts Billions in Community Development Investments at Risk
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Woodstock Institute @woodstockinst.bsky.social · 03/08/2026
Gov. Pritzker Preserves and Strengthens Civil Rights Protections Under the IL Human Rights Act: www.illinois.gov/news/release... The Civil Rights Safeguards Act enshrines the principle that IL consumers deserve fair access to the financial system,” said Jane Doyle, Senior Associate at Woodstock.
illinois.gov
release
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Woodstock Institute @woodstockinst.bsky.social · 31/07/2026
Advocates are opposing OppFi's application for a bank charter, citing the Chicago-based lender’s extensive history of evading state rate cap laws. OppFi made a 159.5% APR loan to an Illinois consumer in 2024, over four times higher than the State's 36% rate cap. woodstockinst.org/press-releas...
woodstockinst.org
Advocates Sound Alarm Over Chicago-Based 100% APR Lender Seeking Bank Charter
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Woodstock Institute @woodstockinst.bsky.social · 16/07/2026
Save the date for upcoming Woodstock events! All happening in Chicago. Keep an eye on our website for registration details: woodstockinst.org/events/
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Woodstock Institute @woodstockinst.bsky.social · 13/07/2026
Thank you to @ilattygeneral.bsky.social and 14 other state attorneys general for amplifying serious concerns about Enova International’s application for a bank charter through its proposed acquisition of Grasshopper Bank. Learn more: woodstockinst.org/wp-content/u...
woodstockinst.org
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Woodstock Institute @woodstockinst.bsky.social · 07/07/2026
Woodstock President Horacio Mendez joins WTTW to discuss the 21st Century ROAD to Housing Act - “Those blessed enough to have a home have a singular focus of seeing the value of that home go up. Therefore, the mismatch between supply and demand works in their favor.” news.wttw.com/2026/07/06/b...
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Woodstock Institute @woodstockinst.bsky.social · 22/06/2026
At this year’s Economic Justice Awards, we took a moment to lament the state of consumer financial protection in this country. When things are this bleak, sometimes laughter is the best medicine. www.youtube.com/watch?v=dYuh...
youtube.com
In Memoriam
YouTube video by Woodstock Institute
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National Consumer Law Center @nclc4consumers.bsky.social · 22/06/2026
“Before the Board considers these unprecedented applications and makes a decision that could devastate consumers nationwide, it is incumbent on the Board to hear from the communities that will be impacted.” #RentABank #StopTheDebtTrap #ProtectConsumers www.nclc.org/before-appro...
nclc.org
Before Approving 100% APR Banks, Fed Must Hold Public Hearings
Unprecedented Bids Could Create the First National Banks Dedicated to Predatory Lending
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Woodstock Institute @woodstockinst.bsky.social · 16/06/2026
From our President/CEO: "With Fed supervisory staff cut by over 30%, similarly debilitating staff cuts at the other agencies, & capital requirements being slashed through this proposal, the FFIEC is creating a 'perfect storm' for the next financial crisis." www.americanbanker.com/opinion/new-...
americanbanker.com
New capital proposals set the banking industry on a dangerous course
Plans to allow U.S. banks to reduce the capital they hold create uncomfortable echoes of past turmoil in credit markets. As regulators contemplate relaxing standards meant to protect the public, they ...
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Woodstock Institute @woodstockinst.bsky.social · 02/06/2026
Great news: SB 3777 passed in the Illinois General Assembly! Thank you to the advocates & lawmakers who helped push this bill across the finish line, including @illinoisdhr.bsky.social and bill sponsors Senator Adriane Johnson and Representative Justin Slaughter. Learn more in the piece below:
chicagobusiness.com
Opinion: The Trump administration is undoing the civil rights movement. Illinois can step up.
The Department of Human Rights is working to pass legislation (SB 3777) enshrining disparate impact liability in our Human Rights Act.
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National Consumer Law Center @nclc4consumers.bsky.social · 29/05/2026
Approving these applications for national bank charters would greenlight these loans nationwide and expose borrowers in every state to online loan sharks, leaving consumers in despair. #ProtectConsumers #StopPredatoryBanks #StopTheDebtTrap www.paymentsdive.com/news/trump-s...
paymentsdive.com
Trump should nix high-cost loans
“If the president wants to provide people relief from high-interest debt ... he should lead a crackdown against high-cost credit schemes,” writes a consumer advocate lawyer.
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Woodstock Institute @woodstockinst.bsky.social · 27/05/2026
From Woodstock's Jane Doyle: "...until rational minds return to D.C., IL should be fully empowered to carry out its duty to serve Illinoisans and make sure our civil rights are protected appropriately, even when federal regulators throw us to the wolves." 🎁 www.chicagobusiness.com/opinion/comm...
chicagobusiness.com
Opinion: The Trump administration is undoing the civil rights movement. Illinois can step up.
The Department of Human Rights is working to pass legislation (SB 3777) enshrining disparate impact liability in our Human Rights Act.
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Woodstock Institute @woodstockinst.bsky.social · 26/05/2026
TOMORROW on WVON! Join @illinoisdhr.bsky.social Director James Bennett and Woodstock’s Jane Doyle for a discussion on SB 3777, the Civil Rights Safeguards Act. Listen to WVON here: www.iheart.com/live/wvon-16...
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Woodstock Institute @woodstockinst.bsky.social · 23/05/2026
"...it is alarming that ILGA is fast tracking a bill that would remove one of the fastest growing consumer loan products from accountability and oversight,” said Horacio Mendez, President & CEO of Woodstock Institute. woodstockinst.org/press-releas...
woodstockinst.org
Proposed BNPL legislation weakens consumer protections in Illinois
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Woodstock Institute @woodstockinst.bsky.social · 08/05/2026
New Small Business Lending Rule Undermines Transparency: woodstockinst.org/press-releas... “The final rule is a giveaway to the financial industry at the expense of small business owners across the country,” said Woodstock President & CEO Horacio Méndez.
woodstockinst.org
New Small Business Lending Rule Undermines Transparency
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National Consumer Law Center @nclc4consumers.bsky.social · 07/05/2026
“Approval of predatory 100%+ APR banks," advocates warn, "would be an assault on people across the country and political spectrum who are worried about the affordability crisis and strongly support interest rate limits.” #ProtectConsumers #StopTheDebtTrap #Fintech www.nclc.org/broad-coalit...
nclc.org
Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans
Groups Urge Lawmakers to Reject Enova and OppFi’s National Bank Applications and to Support State and Federal Interest Rate Limits WASHINGTON – Today, nearly 100 consumer, civil rights, and community ...
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Woodstock Institute @woodstockinst.bsky.social · 05/05/2026
Our Director of Applied Research appeared on WVON to discuss small business lending disparities in IL & Chicago. "Across IL, businesses in upper-income neighborhoods received about twice as much small business lending as businesses in lower-income neighborhoods." woodstockinst.org/wp-content/u...
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Woodstock Institute @woodstockinst.bsky.social · 17/04/2026
The Maryland Attorney General's office is hiring for a Chief of its Consumer Protection Division. Learn more and apply here: mdagcareers.ttcportals.com/jobs/1755607...
mdagcareers.ttcportals.com
Chief, Consumer Protection Division in Baltimore, MD, United States
Chief, Consumer Protection Division in Baltimore, MD, United States
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Woodstock Institute @woodstockinst.bsky.social · 14/04/2026
Calling Illinois mortgage licensees! Illinois regulators are hosting two virtual covering the Illinois Mortgage Community Reinvestment Act exam. Wednesday, May 20, 9-10am: illinois.webex.com/webappng/sit... Thursday, May 21, 2-3pm: illinois.webex.com/webappng/sit...
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Woodstock Institute @woodstockinst.bsky.social · 09/04/2026
A small business owner impacted by a predatory loan joined Woodstock to discuss why we need #APRforAll. www.youtube.com/watch?v=UHBP...
youtube.com
The push for transparency in small business loans
YouTube video by Illinois Public Media
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Woodstock Institute @woodstockinst.bsky.social · 31/03/2026
TOMORROW, Wednesday April 1, on WVON 1690 AM! Nikki Bravo, co-founder of Momentum Coffee, and Geri Sanchez Aglipay from Small Business Majority will discuss why Illinois small businesses need APR for All. Tune in here: www.iheart.com/live/wvon-16...
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Woodstock Institute @woodstockinst.bsky.social · 26/03/2026
H.O.M.E. (Housing Opportunities & Maintenance for the Elderly) is hiring for a Community Programs Director! Check out this role and other open positions here: homeseniors.org/careers
homeseniors.org
Careers — H.O.M.E. - Housing Opportunities & Maintenance for the Elderly, H.O.M.E.
We strive to promote a culture of warmth and caring for the older adults and multigenerational residents we serve, and we extend the same respect to the incredible employees that make our work possibl...
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Woodstock Institute @woodstockinst.bsky.social · 25/03/2026
APR For All! Advocates came to Springfield yesterday to urge Illinois lawmakers to pass HB 744 HA#1, the Small Business Financing Transparency Act, legislation that would require non-bank lenders to disclose the Annual Percentage Rate of loans offered to small businesses.
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Woodstock Institute @woodstockinst.bsky.social · 24/03/2026
Coalition Urges Passage of APR for All to Require Transparency in Small Business Lending: woodstockinst.org/press-releas... Today APR for All advocates joined Rep. Canty and Treasurer Frerichs at the Illinois Capitol to urge lawmakers to pass the Small Business Financing Transparency Act.
lnkd.in
Coalition Urges Passage of APR for All to Require Transparency in Small Business Lending
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Woodstock Institute @woodstockinst.bsky.social · 20/03/2026
There's still time to sign up to join us for our APR For All lobby day this Tuesday (3/24) in Springfield! Join us as we urge lawmakers to pass HB 744 HA#1, the Small Business Financing Transparency Act. Register here: www.eventbrite.com/e/small-busi...
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Woodstock Institute @woodstockinst.bsky.social · 18/03/2026
In a major victory for consumers, a federal judge ordered the Trump Administration to request funding for the CFPB. Americans are already facing an affordability crisis and can’t afford an economy where harmful financial practices go unchecked. woodstockinst.org/press-releas...
woodstockinst.org
Statement: Federal Judge Rules Against Trump Administration’s Attempt to Defund Consumer Financial Protection Agency
A federal judge ruled that the Trump Administration must request funding for the Consumer Financial Protection Bureau (CFPB) and rejected efforts by CFPB Acting Director Russell Vought to defund the a...
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Woodstock Institute @woodstockinst.bsky.social · 17/03/2026
TOMORROW on WVON 1690 AM! Join Rufus Williams and Illinois Comptroller Susana Mendoza to learn more about HB744 HA # 1, the Small Business Financing Transparency Act. Tune in here at 8:15AM: www.iheart.com/live/wvon-16...
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Woodstock Institute @woodstockinst.bsky.social · 16/03/2026
The “APR For All” coalition had a great phonebank last week urging IL legislators to support the Small Business Financing Transparency Act. We’re hitting the road next Tuesday, March 24, and heading to the IL Capitol to continue our small business advocacy efforts. Join us!
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Housing Action Illinois @housingactionil.bsky.social · 09/03/2026
Pick up a copy of the Chicago Sun-Times today to check out the cover story on the shortage of affordable rental homes for low-income households in Illinois 🗞️
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Woodstock Institute @woodstockinst.bsky.social · 24/02/2026
TOMORROW on WVON! Woodstock's Brent Adams and former State Senator Jacqueline Collins will join WVON's Rufus Williams to discuss Woodstock's new report, "The PLPA Is Still Working; But the Predatory Lenders Strike Back!" Tune in here: www.iheart.com/live/wvon-16...
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Woodstock Institute @woodstockinst.bsky.social · 24/02/2026
Thank you to all the IL leaders that have stood up for small businesses by endorsing APR For All legislation, including AG Kwame Raoul, Comptroller Susana Mendoza, Treasurer Mike Frerichs, Cook County Board President Toni Preckwinkle, & Mayor Brandon Johnson. woodstockinst.org/press-releas...
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Capitol Fax @capitolfax.bsky.social · 24/02/2026
It’s just a bill
dlvr.it
It’s just a bill
* The Coalition for Small Business Loan Transparency… Every year, Illinois small businesses lose an estimated $450 million as a result of nontransparent loans that often conceal predatory triple-digit interest rates of more than 100%. A coalition of advocates for small business loan transparency have gotten a big boost in their effort to close [...]
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Woodstock Institute @woodstockinst.bsky.social · 20/02/2026
"Bad math justifying economic harm to everyday Americans seems to have found fertile ground with this Administration." woodstockinst.org/press-releas...
woodstockinst.org
Trump’s Latest Effort to Dismantle Consumer Protections Is Sloppy Policy That Values Profits Over Everyday Americans
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Woodstock Institute @woodstockinst.bsky.social · 19/02/2026
By bridging the gap workers often experience trying to meet essential expenses while waiting for their next paycheck, employer-sponsored small dollar loan products have the potential to address households' need for safe and affordable credit. www.americanbanker.com/payments/new...
americanbanker.com
Credit unions warm up to small-dollar loans, challenging EWA
Affordability concerns are driving consumer demand for short-term liquidity products like earned wage access. A similar, credit union-backed lending alternative is gaining popularity as a way to amass...
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Woodstock Institute @woodstockinst.bsky.social · 13/02/2026
In 2011 Illinois had 518 licensed payday loan stores. Today there are zero. Our new report details the positive impact of Illinois's 36% APR cap on consumer loans as well as industry’s attempt to circumvent the law. woodstockinst.org/research/rep...
woodstockinst.org
Report: The PLPA Is Still Working; But the Predatory Lenders Strike Back!
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Woodstock Institute @woodstockinst.bsky.social · 10/02/2026
Yesterday, we presented new data to the Chicago City Council Committee on Finance regarding the lending patterns of the City's banking partners. These annual hearings evaluate whether Chicago’s banking partners are making progress in closing historical racial and economic lending disparities.
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Woodstock Institute @woodstockinst.bsky.social · 05/02/2026
We're glad to be working with the American Fintech Council to pass common sense small business lending protections in Illinois! american-fintech-council-new.webflow.io/press-releas...
american-fintech-council-new.webflow.io
American Fintech Council (AFC) Urges Illinois Lawmakers to Increase Transparency and Accountability in Small Business Lending | Press Releases | American Fintech Council
The mission of the American Fintech Council is to promote an innovative, responsible, inclusive, customer-centric financial system.
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Woodstock Institute @woodstockinst.bsky.social · 03/02/2026
Last week’s Small Business Town Hall with Majority Leader Robyn Gabel, Rep. @gonggershowitz.bsky.social, Senator Laura Fine, and Commissioner Samantha Steele was a great opportunity to connect with local small business owners and learn more about their experiences with accessing financing.
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Woodstock Institute @woodstockinst.bsky.social · 02/02/2026
The Woodstock Report on WVON 1690 AM returns this Wednesday, February 4 at 8:20am! Rep. Kam Buckner will be on this week to discuss the Small Business Financing Transparency Act, which would codify critical lending protections for IL small businesses. Listen here: www.iheart.com/live/wvon-16...
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WAND News @wandnews.bsky.social · 24/01/2026
www.wandtv.com/news/statehouse/advo… 
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Woodstock Institute @woodstockinst.bsky.social · 26/01/2026
Our efforts to pass critical lending protections for Illinois small businesses were featured on @wandnews.bsky.social. "In 2023, a growing number of business bankruptcies were directly tied to merchant cash advances and similar products," said Rep. Kam Buckner. www.youtube.com/watch?v=6r5n...
youtube.com
Advocates call for IL small business loan transparency plan
YouTube video by WAND News
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Woodstock Institute @woodstockinst.bsky.social · 23/01/2026
"The share of Financially Vulnerable households in Cook County decreased from 19% in 2022 to 18% in 2025, including notable improvements among Black (39% to 33%) and Latino residents (30% to 26%)." www.cct.org/research-and...
cct.org
Financial Health Pulse® 2025 Chicago Trends Report - The Chicago Community Trust
In 2025, The Chicago Community Trust, with support from JPMorganChase, commissioned the Financial Health Network to conduct a survey measuring the financial health of Cook County residents. This repor...
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