The Consumer Finance Protection Bureau is seeking public comments on what they call “junk fees” imposed by banks onto their customers. The group feels that many banks are still too reliant on overdraft and late fees aimed at consumers as a profit source.
The city of Fort Worth, Texas, has committed $3 million to run CDFI Friendly Fort Worth, which will serve as a liaison between CDFIs and the city’s underserved borrowers. The goal is to eventually bring up to $250 million to the program in the next five years.
Source: Fort Worth Star-Telegram
Only one in four manufacturing leaders are women. In addition, women only make up 30 percent of the entire manufacturing workforce. Embracing new ideas for nurturing talent and enforcing accountability are keys to creating more diversity in this still male-dominated industry.
After seeing a need to help boost Latino-owned businesses in Des Moines, Iowa, six entrepreneurs started the Latino Trade Network. The goal of the organization is to hold monthly meetings to share resources in the local business community.
Source: Iowa Public Radio
The PROPEL Small Business Fund, which provides loans for women and minority-owned businesses in Wichita, Kansas, is expanding. Eligible businesses can apply for up to $20,000 in grants from the program.
Source: KAKE ABC-TV