Policy makers need to stimulate economic growth by supporting community financial institutions, not stifling them with burdensome regulations.
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But to spur lending to small businesses, it's essential that we make more credit available to the smaller banks and community financial institutions that these businesses depend on.
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Community financial institutions disproportionately loan to small businesses, providing a foundation for the creation of new enterprises, new jobs, new opportunities and, most important, strong economic growth and long-term stability.
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The American Dream is being buried under the cumulative weight of regulations that are making it harder than ever for individuals to start and run the small businesses that provide jobs and impeding the ability of community financial institutions to support these businesses.
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Community development financial institutions (CDFIs) and Low Income Housing and New Markets Tax Credits engage markets at scale.
Community Development Financial Institutions are private financial entities that are 100 percent dedicated to helping low-income and other underserved communities to join the economy.
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The Community Advantage program is open to mission-based lenders such as Community Development Financial Institutions, Certified Development Companies and nonprofit microlenders, which tend to target lower-income communities.
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Proceeds go to the Opportunity Finance Network, a nonprofit organization that supports hundreds of Community Development Financial Institutions, local organizations that lend money at low interest rates to small business owners in under-served areas.
Opportunity Finance Network, the leading non-profit national network of community development financial institutions (CDFIs) who deliver responsible lending to help low-wealth and low-income communities join the economic mainstream, has joined a initiative with Starbucks to create and sustain American jobs.
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At the same time, toughened lending standards and capital constraints put in place since the financial crisis are preventing community-based financial institutions from providing small businesses with the credit they need to grow and hire employees.
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It is not just regulations affecting small businesses and community-based financial institutions that are killing the American Dream.
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Corporate Resolutions Inc. is a worldwide business investigations and consulting firm that provides a wide range of investigative services to leading financial institutions, the private equity community, alternative asset funds, law firms, insurance companies, healthcare organizations and multinational corporations.
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North Koreans view resolving tensions with the United States as a crucial step to joining the international community, including being able to access loans from international financial institutions to recalibrate their economy.
The country has rebounded significantly since the 2008 meltdown, he said, and that's because Iceland bucked the advice of the international community and decided not to bail out the banks and financial institutions that helped create the foreclosure crisis.
Today I will focus on community banks and present profiles that justify six FDIC-insured financial institutions that should be avoided.
"The whole investment-banking community has been circling these names, " said one banker who focuses on financial institutions.
Clinton recognized the untapped potential in some Carter-era legislation, the Community Reinvestment Act (CRA), which would give his administration leverage over financial institutions to increase loans to members of key voting blocs despite their relatively poor credit ratings.
There are 4, 101 community banks or 52% of all of the 7, 932 FDIC-insured financial institutions that essentially cannot lend because of loan exposures established in 2004 through 2006.
Financial institutions, particularly those with retail branches, were strong supporters of local community and economic development programs, since such efforts could visibly benefit customers and staff.
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