Avoid Unfair Lending techniques: our resource that is new guide

Avoid Unfair Lending techniques: our resource that is new guide

Our brand brand new resource that is financial, Affordable options to payday advances will help individuals navigate different choices and give a wide berth to the debt-trap. Learn how to cut costs or financial obligation, find extra income, and read about lower-cost loan choices.

The methods in this resource guide are delivered to you by brand brand New America Chicago, Heartland Alliance, Illinois resource Building Group and Woodstock Institute. Together our company is protecting communities from abusive monetary techniques.

Prevent lending that is predatory help reinvestment in Illinois!

Predatory financing includes a legacy of stripping wide range from communities of color, and studies have shown that payday and automobile name lenders target that is still disproportionately and Brown areas in Chicago. Signing the Predatory Loan Prevention Act into legislation, and so protecting the assets of men and women of color and individuals experiencing poverty, is just a racial and justice imperative that is economic.

Producing the IL CRA will offer the banking, credit, as well as other monetary solution requirements of low- and moderate-income communities throughout Illinois and may have significant good effect on the Illinois Legislative Black Caucus’ efforts to advertise financial access, equity, and chance to stop racism that is systemic.

Loan providers and customer advocates join with elected officials and faith teams to rally behind Ebony Caucus’ Predatory Loan Prevention bill, urging Governor to signal

A coalition greater than 110 loan providers, elected officials, faith leaders and customer advocates applaud the Illinois Legislature’s passage January 13 of this Predatory Loan Prevention behave as area of the equity that is economic bill proposed because of the Illinois Legislative Ebony Caucus. On Monday lots of them penned Governor Pritzker respectfully urging him to signal the bill to aid advance racial and justice that is economic Illinois.

57 teams ask governor to signal Illinois CRA bill

Woodstock Institute, Housing Action Illinois, and 55 other businesses penned to Gov. Pritzker asking him to guide S. 1608, the Ebony Caucus’ bill to produce an Illinois Community Reinvestment Act modeled from the federal anti-redlining law that ended up being pioneered in Chicago.

Woodstock plans two fact that is new in 2021

To arrive 2021, two brand new reality publications: one features 2020 Dodd- Frank information, one other will aggregate the info from 34 many years of Fact Book information to investigate long-lasting styles.

Woodstock Institute Staff Statement on Racism Against Black Lives by Police in the usa and protests that are recent

Into the previous days that are few we bore witness up to a nation overrun with anger and discomfort. Our communities are reeling, our hearts are broken.

We say to our Black brothers and sisters, we hear you today. Ebony lives matter. Ebony communities matter. Black futures matter.

The killing that is brutal of individuals by authorities must end – plus it must end now. We ask this when you look at the true title of George Floyd, Breonna Taylor, Laquan McDonald, Sandra Bland, and thus a number of other Black life that have been taken as a result of an officer whose task it absolutely was to safeguard and provide them. We hear community demands police reform, and now we agree: the system must alter.

Woodstock Institute had been established in reaction to racial discrimination. Through our research and policy advocacy within the system that is financial we have been uniquely alert to how lousy policymaking can perpetuate racial discrimination and breed inequity.

We come across this within the reminder that is stark of communities for the nation.

Our staff has had yesteryear day or two to get together. We went along to protest, to pass through away meals inside our community, to contact our family, to grieve, also to talk about how exactly we can each better target racism within our very very very very own everyday lives, within our communities, plus in our federal federal government. https://www.paydayloanservice.net/payday-loans-wv

We’re going to continue steadily to advocate for the finish of racist policymaking, be it through unscrupulous economic providers, discrimination in housing, or unjust fines and costs. You are hoped by us can join us in this battle.

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