Experts seek to help CDFIs find a balance between “affirmative remedies” that correct inequitable outcomes of social arrangements without altering the framework that supports them,” and “transformative remedies” which seek to restructure the underlying framework.
Source: Nonprofit Quarterly
Investments in digital banking have paid dividends for credit unions, but at the cost of personal touch. Social media just may be the cure.
Latinos accounted for almost 25 percent of new business owners in 2017 in the U.S. even though they make up just 18 percent of the population.
Source: Arizona Chamber Foundation
Innovation in banking today is less about size or in-house resources, and more about having the vision, agility, and infrastructure to succeed.
CIM, one of the nation’s largest opportunity zone funds will deploy $5B across Atlanta, Oakland, Los Angeles, and Dallas throughout 2020.