SELF REGULATED: CDFIs are "not regulated, so the closest thing we have is our investors. CARS is our attempt at what would normally be encouraged by a regulator," says Michael Crist, CFO at The Reinvestment Fund.

Nonprofit Develops Financial Reporting System for CDFIs

CARS Inc. and others in the CDFI industry hope that making financial data easier to obtain will spur more people to invest in the sector.

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