CDFIs

Military credit union group urges Congress to fund CDFIs

CDFIs, Credit unions, Politics and policy, Regulation and compliance, Treasury Department / Ricky Vasquez

Annabelle Gordon/Bloomberg Advocates for military credit unions Tuesday urged top lawmakers on a senate appropriations subcommittee to restore funding for the Community Development Financial Institutions Fund, after the White House proposed eliminating new funding. In the letter, addressed to Financial Services and General Government Subcommittee Chair Bill Hagerty, R-Tenn., and Ranking Member Jack Reed, D-R.I., […]

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Change Co. emerges victorious after suing ex-employee

CDFIs, Industry News, Law and legal issues, Originations / Ricky Vasquez

Community development financial institution The Change Company won judgment against a firm led by its former employee, who previously sued the lender, lodging allegations of misconduct. The Anaheim, California-based parent of Change Lending filed suit in 2023 against Yeti Global Services, a company owned by its former chief of staff Adam Levine. Change accused Levine

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