-
The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities.January 14
-
The two groups have launched a new effort to promote the benefits of being certified as a community development financial institution.December 16
-
More lenders and governments should partner with community development financial institutions to ensure aid reaches minority-owned businesses that are the backbone of many neighborhoods slammed by the coronavirus.November 18
Founder and ChairmanNext Street
-
The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers.October 29
-
Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.October 26
-
Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.October 19
-
SaveBetter.com from Deposit Solutions lets consumers shop for different savings products through one portal and provides national exposure for participating banks, which include Ponce Bank in New York and Central Bank of Kansas City.October 7
-
Several institutions were first-time recipients in the latest round of funding, including $2.75 million for Self-Help FCU.September 28
-
The fund will support Community Development Financial Institutions that lend to minority- and women-owned businesses. The Charlotte, N.C., company is the latest big bank to make a large dollar commitment focused on alleviating racial and economic inequality.September 23
-
The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas.September 21
