6/1: Illinois Consumer Protection Bill, CAPACD Policy Platform, and Upcoming Events

Illinois Wage Assignment and Consumer Protection Bill Headed to Governors Desk

The Wage Assignment and Consumer Protection Bill (SB2804) passed out of the Illinois House earlier this week and is now headed to Governor Rauner for his signature. The Bill, sponsored by Sen. Daniel Biss and Rep. Emanuel Chris Welch, will ensure that borrowers know their options in the wage assignment process, including the right to stop a wage assignment at any time and for any reason. For more information, read the full blog post from the Illinois Asset Building Group  and check out their infographic on how wage assignments work in Illinois.

National CAPACD Launches Policy Platform Website

The National Coalition for Asian Pacific American Community Development launched their 2015-2017 policy platform, to guide their work with members in the coming years. CAPACD’s action agenda focuses on the following priorities: (1) equitable, accessible, affordable, and secure mortgage financing; (2) supporting small businesses, micro-enterprises, and the self-employed; (3) reforming the tax code to be more equitable for all and to build a more inclusive economy; (4) preserving culturally significant AAPI neighborhoods and communities at risk of displacement; and (5) ensuring that federal agencies better collect disaggregated data that reflects the need for services and resources in low-income AAPI communities. For a full list and more detail on these priorities click here.

EVENT -- What It’s Worth for Chicago

Tuesday, June 7, 2016
8:00 a.m. - 2:00 p.m. CT
Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago, CFED, and the Citi Foundation will host a discussion highlighting challenges and opportunities for promoting the financial well-being of families and communities. What It’s Worth for Chicago is a regionally-focused event bringing together local leaders representing the community and economic development, community college, credit union, as well as academic and philanthropic sectors devoted to providing economic opportunity and financial stability for their constituents and communities. For more information on the event or to register click here. If you can’t make the event, be sure to follow #WhatItsWorthCHI on Twitter. Also, check out PolicyLink President and CEO Angela Glover Blackwell’s chapter in What It’s Worth on race, place, and financial security.

EVENT -- Foreclosure Fraud in the Wake of the Great Recession: What Happened and Can It Happen Again?

Tuesday, June 7, 2016
New America
740 15th St NW #900
Washington, D.C. 20005
12:15 p.m. – 1:30 p.m. ET

Join New America for a discussion on foreclosure fraud in the wake of the Great Recession and how it led to new policy tools through the Dodd-Frank Wall Street Reform and Consumer Protection Act. Participants will include Davis Dayen, author of Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud; Julia Gordon, Executive Vice President of the National Community Stabilization Trust; Brad Miller, former member of the House of Representative (D-NC) and member of the House Financial Services Committee; and Reid Cramer, Director of the Asset Building Program at New America. Learn more about the event and RSVP here or join the conversation on Twitter @AssetsNA.

In Case You Missed It…