Tag : CDFIs

Four Small Business Lending Predictions for 2021 Year
Banking Fintech Guest Posts

Four Small Business Lending Predictions for 2021

Jorge Sun
by Jorge Sun0
As we come to the close of a tumultuous year, the fintech industry is looking ahead to new policies and technologies to help power a recovery in 2021. A key part of recovery is focusing on the survival of small businesses, which are looking to lenders and community banks to......
JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions
Banking Digital Fintech Investment Services News

JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions

Fintech News Desk
by Fintech News Desk0
JPMorgan Chase today announced initiatives to further support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs), as part of the firm’s recently announced $30 billion commitment to advancing racial equity. MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding......
Banking Economy Fintech News

Wells Fargo Pledges up to $20 Million to Support New York Economic Recovery Efforts

Fintech News Desk
by Fintech News Desk0
Wells Fargo & Company (NYSE: WFC) announced today that it pledged up to $20 million to support the New York Forward Loan Fund (NYFLF), an economic revitalization program across New York State. Initiated by New York Governor Andrew Cuomo, NYFLF is aimed at helping small businesses, nonprofits, and small landlords as they......
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