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Member Profile: Housing Action Illinois

Housing Action Illinois is a statewide coalition that has been leading the movement to protect and expand the availability of quality, affordable housing in Illinois for more than 30 years. Our 140+ member organizations include homeless service providers, housing counseling agencies, developers of affordable housing and policymakers. We bring everyone together to work toward our vision of an Illinois where everyone has a stable, good home.

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Pandemic stimulus a necessary stopgap, but more work needs to be done for a just recovery

The package represents a down payment for a just recovery that will prevent evictions, protect small businesses and provide additional direct payments to millions of families facing continued financial distress as a result of this global pandemic and economic crisis. The package also provides additional funding for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), lenders who can put capital to work in low-income communities and communities of color when and where they need it most.

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Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections

This week, the Federal Deposit Insurance Corporation (FDIC) announced a final rule on industrial banks and industrial loan companies (ILCs), allowing nonbank parent companies to apply for and receive ILC charters, enabling these lenders to make loans across the country with narrow and insufficient community reinvestment obligations.

Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections Read More »

How the new Selena series is a reminder of the need for economic justice

Netflix’s new TV series, “Selena,” reacquaints fans with the pop sensation’s many hits, including “Bid Bidi Bom Bom” and “Como La Flor,” but it also revisits the family’s turbulent financial journey to stardom. The series showcased 10+ years of financial insecurity in pursuit of a familial dream.

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Change is on the way, but it won’t be easy

Donald Trump’s victory four years ago was unimaginable to many, and an emotional blow that only got worse over time. Until now. The post election drama is mostly over. The Electoral College is done. We finally know: Joe Biden will be the 46th president, and Kamala Harris will be many firsts as vice president: Black, South Asian, woman, mom.

Change is on the way, but it won’t be easy Read More »

NCRC Comment Letter on the CFPB’s Outline of Proposals Under Consideration to Implement Small Business Lending Data Collection Requirements

(Download) December 14, 2020 Comment Intake Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Comments on the CFPB Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 Dear Director Kraninger: Thank you for the opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB) outline of proposals under consideration

NCRC Comment Letter on the CFPB’s Outline of Proposals Under Consideration to Implement Small Business Lending Data Collection Requirements Read More »

Joint Comment Letter From NCRC And 49 Organizations On The CFPB’s Proposal To Implement Small Business Lending Data Collection Requirements

(Download) Comment Intake Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Comments on the CFPB Outline of Proposals Under Consideration and Alternatives Considered for Section 1071 Dear Director Kraninger: Thank you for the opportunity to comment on the Consumer Financial Protection Bureau’s (the Bureau) outline of proposals under consideration and alternatives

Joint Comment Letter From NCRC And 49 Organizations On The CFPB’s Proposal To Implement Small Business Lending Data Collection Requirements Read More »

NCRC urges CFPB to move forward with critical small business lending transparency effort

Yesterday, the National Community Reinvestment Coalition (NCRC) and 49 other community organizations responded to a Consumer Financial Protection Bureau (CFPB) proposal to move forward with a ten-year old requirement to collect application and approval data on loans made to small businesses — an important first step to preventing discrimination in loans made to woman-owned businesses and businesses owned by people of color.

NCRC urges CFPB to move forward with critical small business lending transparency effort Read More »

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