OFN strongly supports the effort to collect nationwide information on diverse small businesses through the Federal Reserve Banks 2018 Small Business Credit Survey. We encourage CDFIs to help inform the survey by involving your small business borrowers, especially those that tend to be under-repre
On October 23, OFN was invited to brief the Chairman of the Federal Reserve Board of Governors, Jerome Powell, on the state of community development finance, and to provide recommendations for reforming the Community Reinvestment Act (CRA).
Federal Reserve Bank of Chicago President and CEO Charles Evans delivered welcoming remarks at OFN’s 2018 Conference.
Earlier this month the Washington Post reported on the state of small business lending, highlighting findings that come as no surprise to CDFI industry practitioners, “Small black-owned businesses are significantly more likely to face financial challenges than white-owned firms and have
This week, the Federal Reserve Banks in collaboration released the 2016 Small Business Credit Survey: Report on Employer Firms, which provides timely information on small business financing needs, decisions, and outcomes.