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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.

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Michigan Approves Charter For First LGBT Credit Union

PYMNTS

There are also plans to offer products such as insurance, health care and wealth management specifically designed for LGBT customers. In fact, research shows members of the LGBT community have difficulty securing banking services regardless of where they are located, with same-sex couples less likely to be approved for a loan.

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Changing the Conversation About Income Volatility

PYMNTS

Self-employed contract workers, commission-based employees, tip-based workers, small business owners and seasonal workers all face variations on income volatility, according to Joanna Smith-Ramani, program director of the Aspen Institute Financial Security Program’s Expanding Prosperity Impact Collaborative (EPIC).

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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. Distributed ledgers for financial community. Tags: Adviosrs, wealth management, trading, investing. Lender for solar energy installations. Latest round: $220 million Private Equity. Total raised: $245 million. Source: Crunchbase. Latest round: $22.7