« The Stark Facts of Race and Bankruptcy | Main | A Deeper Dive into Racial Disparities in Chapter Choice and Women in Bankruptcy »

Greetings from Woodstock Institute

posted by Geoff Smith

Hello, Credit Slips readers.  My name is Geoff Smith.  I am Senior Vice President at Woodstock Institute, and I will be joining you as a guest blogger this week.  As Bob Lawless pointed out, my guest blogging coincides with the release of a Woodstock Institute report examining patterns of personal bankruptcy filings in Cook County, IL (where Chicago is located and Woodstock Institute is based).  I will talk about that report in more detail in a forthcoming post, but first I wanted to give a bit of background on Woodstock and myself.


Woodstock Institute is an applied research and policy organization that focuses on examining the impact that financial products and practices have on lower-wealth communities and communities of color.  We have been around since 1973, and, over that time, Woodstock has been an active player in local and national debates around how to protect consumers and communities from abusive financial products and how to increase responsible investments by mainstream financial institutions in these markets.  Our work has touched on a broad range of topics, but in recent years our key program areas have focused on examining the impact subprime lending and subsequent foreclosures have on communities; protecting consumers from high-cost consumer loan products; and advocating for the creation of a strong consumer financial protection agency and an expanded and more effective Community Reinvestment Act.  Recently, we have started to focus on the longer term implications of the economic and foreclosure crisis on economic security and opportunity in communities of color that have been the hardest hit by the downturn.  I will expand more on this in future posts, but our bankruptcy report is one of a broader series of applied research reports examining this issue. You can find out more about our work on our website, which includes a regularly-updated blog and an interactive tool for examining mortgage lending and foreclosures in the Chicago area. You can also keep up with us on Facebook , Twitter , and Youtube.

Just some quick background on who I am.  My background is in geography with a focus on local community and economic development.  I have been at Woodstock for over 10 years and have had the opportunity to be an observer of and participant in critical recent debates on community development and bank regulatory policy.  I hope that guest blogging this week gives me the opportunity not only to share Woodstock’s perspective, but to learn from Credit Slip’s esteemed readers and commenters. 

I also want to thank Bob Lawless for this opportunity.  Woodstock first met Bob about a year ago when he presented at one of our events at the Federal Reserve Bank of Chicago entitled “Beyond Foreclosures.”  Since then, Bob has been a tremendous resource helping us better understand the implications of our findings on bankruptcy patterns in Cook County, sharing with us his research on racial disparities in bankruptcy chapter choice, and generously inviting me to guest blog this week at Credit Slips.  Thanks, Bob.  

Comments

The comments to this entry are closed.

Contributors

Current Guests

Follow Us On Twitter

Like Us on Facebook

  • Like Us on Facebook

    By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.

News Feed

Categories

Bankr-L

  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

OTHER STUFF

Powered by TypePad