NewsWells Fargo Expands Financing for Diverse Small BusinessesThe Wells Fargo Foundation announced that it is providing $17.4 million to community development financial institutions (CDFIs) across the U.S. to accelerate the… February 3, 2020
NewsNew York CDFI Helps Fulfill American Dream with OFN and HSBC Bank InvestmentFounded in 1997 and based in New York City, Business Center for New Americans (BCNA) focuses on providing access to capital and specialized training to low-to-moderate income… February 3, 2020
NewsAspen Institute Job Quality Survey Due February 14With the support of Prudential Financial, the Aspen Institute Economic Opportunities Program (EOP) is conducting a survey to learn about the work… February 3, 2020
NewsThe Kresge Foundation Requests Information on Economic Mobility StrategiesThe Kresge Foundation has released a Request for Information (RFI) to gain a stronger understanding of the current and unmet demand for grant and… January 28, 2020
NewsMain Street Launch Supports African American Entrepreneurs in Bay Area with Wells Fargo GrantA 2019 recipient of the Wells Fargo Diverse Community Capital program’s Activator grant, OFN member Main Street Launch is directing grant proceeds toward… January 27, 2020
NewsChange of Course from Consumer Financial Protection Bureau Could Help Home BuyersEarlier this month, Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger informed Members of the U.S. Senate Banking Committee that the Bureau… January 27, 2020
NewsData.org To Launch $10 Million Impact ChallengeAt the World Economic Forum in Davos on January 23, The Rockefeller Foundation and The Mastercard Center for Inclusive Growth announced the relaunch of data.org, a partnership… January 24, 2020
NewsAmerican Banker Highlights CDFI Concerns About CRA ReformOn January 23, American Banker published an article entitled “Far from cheering CRA reform, CDFIs are worried,” which highlights how community development financial institutions… January 24, 2020
NewsHelpful Resources on the New CRA ProposalLast month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly… January 9, 2020