CDFIs

New OCC chief should encourage banks, fintechs to partner with CDFIs

02/19/21

Community development financial institutions would reach even more underserved households and business if they had strong relationships with tech firms and national banks. Here's how the Office of the Comptroller of the Currency can foster such partnerships.

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What Biden's infrastructure plan could mean for banks

02/11/21

Transportation and clean-energy upgrades could create significant new lending opportunities, but some observers fear the government will foot the bill through a special tax on banks and other financial firms.

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OCC’s fair-access rule is anything but fair

01/22/21

It would force national banks to make loans to high-risk industries that often pose dangers to vulnerable communities. The next comptroller of the currency should instead promote equal credit availability for consumers who need it most.

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Arkansas CDFI strikes deal in home state

01/21/21

Southern Bancorp, which recently raised $35 million in capital, agreed to acquire DeWitt First Bankshares, the parent of Arkansas County Bank.

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Inclusiv launches $20M capital fund to benefit communities of color

01/14/21

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.

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CUNA Mutual, Inclusiv team up to boost CDFI certification

12/16/20

The two groups have launched a new effort to promote the benefits of being certified as a community development financial institution.

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CDFIs have untapped potential as game changers for minority-owned businesses

11/18/20

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.

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Promontory Interfinancial rebrands as IntraFi, looks to diversify

10/29/20

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers.

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Bank of America invests in three more minority-focused lenders

10/26/20

Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.

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Can CDFIs help their communities while keeping investors satisfied?

10/19/20

Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.

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