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CDFIs Kick Off PPP Loan Submissions

Abrigo

The next round of the Paycheck Protection Program (PPP) has kicked off with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), and other community financial institutions submitting applications for local businesses. See how Community Bank of the Bay partnered with Abrigo to help borrowers.

Lending 195
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Beneficial State Bank’s financial activism

Independent Banker

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple.

Oakland 153
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Building from Scratch

Independent Banker

“I love being around people, and people are what community banking is all about.” Overcoming various long odds over the years, Shirley Nelson launched and then grew a thriving California community bank. Bank Headquarters: Oakland, Calif. I love being around people, and people are what community banking is all about,” she says.

Oakland 98
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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms. Kathleen C.

Groups 60
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Changing the Conversation About Income Volatility

PYMNTS

So together, LendUp and the Aspen Institute’s EPIC are launching Finance Forward, a national conversation to discuss the issue from the perspective of individuals, local government, nonprofits, for-profits, employers, tech and anyone else with an ability to lend or take action. The tour will wrap up later this year in Oakland, Calif.,

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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

HQ: Oakland, California. Cloud cash and treasury management solutions. Lending marketplace for small businesses. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Lender for solar energy installations. Latest round: $220 million Private Equity. Total raised: $245 million.