The Community Development Financial Institutions (CDFI) Fund has updated its CDFI transactional level report (TLR) data point guidance, revising select provisions from the September 2020 guidance. The specific revisions relate to CDFI loan... Read more
Chattanooga's economic recovery from the coronavirus pandemic is getting a boost from a new loan program designed to aid the start up and growth of minority-owned entrepreneurs and growing businesses in low-income parts of Hamilton County.
TD Bank has established a $105 million equity fund in support of minority-owned small businesses.
Financial payments company Square has allocated the final $25 million of its $100 million investment in minority and underserved communities.
Of the remaining $25 million, $5 million was distributed to create The Bitcoin Endowment, a new... Read more
The Biden Administration released a summary, fact sheet and Treasury’s Greenbook of tax proposals on President Joe Biden’s proposed $6 trillion budget for fiscal year (FY) 2022. The FY 2022 budget request incorporates not only annual... Read more
The COVID-19 crisis has put thousands of small businesses, from high-growth startups to Main Street employers, out of business. Importantly, the economic impacts of COVID-19 have not been equal. Minority-owned businesses and very small businesses... Read more
A growing number of banks and fintechs are using digital banking platforms to meet the unique challenges and needs of individual communities.
Unconstrained by geography, these financial institutions can extend their reach and solve... Read more
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it will deposit $135 million of its capital into mission-driven financial institutions and management funds that help underserved communities of color to fight barriers to economic equity, ... Read more
Nearly a year after the Trump administration replaced an Obama-era fair housing rule that critics decried as “burdensome” and that President Donald Trump alleged would “abolish” suburbs, President Biden’s housing department is restoring the... Read more