The Voice: Industry News – September 4, 2018
September 4, 2018

Here’s how one new local lender aims to eliminate the racial wealth gap in Grand Rapids
To avoid racial biases and overcome lending disparities, Rende Progress Capital is now utilizing a proprietary system called Financing Approval through Racial Equity (FARE).
Source: Rapid Growth

Rural Jobs Zone Act Would add $500 Million in NMTC Allocations in both 2018 and 2019
Under H.R. 6627 an additional $1 billion in new markets tax credit (NMTC) allocation authority would become available to community development entities (CDEs) that commit to investing in rural jobs zones.
Source: Novogradac & Company

Nearly Half of California’s Gig Economy Workers Struggling With Poverty, New Survey Says
Despite California’s reputation as being a tech innovator and economic engine for the nation, nearly half of those working in the gig economy are barely getting by.
Source: CNBC

Why We’re All Impact Investors Now
To some, socially responsible investing used to be about avoiding certain companies. Increasingly, it’s about using market tools to make a difference.
Source: Chicago Booth Review

CUNA: Risk-Based Capital Rule Is Unnecessary
The NCUA’s proposed revised Risk-Based Capital rule is “functionally unnecessary,” says Monique Michel, CUNA’s Senior Director of Advocacy and Counsel.
Source: Credit Union Times

How Fintech Is Transforming Microfinance
Technology is making a big difference in the way microfinance products are distributed, and that’s dramatically changing the way microfinance is operating and who is doing the work.
Source: Wharton School of Business

Millennials Driving Growing Popularity of Impact Investing
A new study from American Century Investments has found that the socially conscious investment movement’s most enthusiastic proponents are Millennials.