Op-Ed: Honor Veterans By Urging Congress to Reign in Payday Lenders (The...
Payday lenders are the modern day equivalent of loan sharks, aggressively marketing unaffordable loans as a way to meet a one-time need. In truth, payday lenders know that borrowers cannot both repay...
View ArticleAre Predatory Business Loans the Next Credit Crisis? (Governing)
When he finally got the money, he hired a local design firm to turn the interior into a hip and rustic open space. He added liquor to the bar, hired two experienced bartenders and sent them to Peru to...
View ArticleNCUA Tapped to Investigate Predatory Student Loans (Credit Union Times)
According to a media release from the Center for American Progress, the groups sent the letter to NCUA Chairman Debbie Matz Thursday and warned that loans made by federally chartered credit unions,...
View ArticleReport: Increasing Number of Illinoisans are Trapped by Predatory Auto Title...
“Because title loans are largely unregulated in Illinois, lenders have increased loan terms to an average of over 18 months while still charging interest rates over 200 percent APR,” said Spencer...
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Webinar: Auto Title Lending In Illinois
Presented by Spencer Cowan and our allies at Illinois Asset Building Group, click here for the video.
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Predatory Lending and Small Business Senate Hearing
Presented by Spencer Cowan at the Illinois Senate Hearing on small business and and impact of predatory lending.
View ArticleTestimony of Spencer Cowan at the financial institutions hearing on predatory...
Testimony of Spencer Cowan before the Senate Financial Institutions Committee. In this testimony Cowan discussed the lack of access to capital for many small businesses in Illinois and the prevalence...
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With the rise of predatory small business lenders, Woodstock Institute calls...
Last year, Woodstock worked closely with the Responsible Business Lending Coalition to develop a Small Business Borrower Bill of Rights (BBOR). The BBOR was intended to establish best practices for...
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