small business

Guest post: Growth in microfinance field spurs debate

Written by ACCION USA Microfinance Council on May 11, 2010 - 9:11pm

Both in the U.S. and worldwide, microfinance has successfully become a tool for financial inclusion.  Its popularity is demonstrated by its average annual asset growth of 39% between 2004 and 2008. Commercial banks and investors are increasingly interested in investments in microfinance institutions (MFI), which some in the industry celebrate because it represents scale and ability to reach hundreds of millions.

Financial reform can’t wait, but neither can jobs

Written by Tom Feltner on April 16, 2010 - 9:27pm

Recent projections of a slow recovery in the labor market prompted the effort, which would also keep 5,500 law enforcement officers on the beat, allow localities to hire additional firefighters, and provide on-the-job training to help local businesses create employment opportunities.

From the President: Illinois Community Investment Coalition fights for financial reform on Capitol Hill

Written by Dory Rand on March 10, 2010 - 12:00am

We must ensure that the result of negotiations is not a toothless and ineffectual regulator that lacks the resources and authority it needs to keep financial products safe, sustainable, and available.

Guest blog: We need consumer financial protection and reform

Written by Hedy Ratner, Co-President, Women's Business Development Center on March 3, 2010 - 12:00am

If you are…

  • Paying off credit cards that are charging you from 16% to 300% interest and penalties,
  • Forced to use payday loans with interest rates over 200%,
  • Unable to find credit to pay your household bills, and
  • A small business owner dependent on credit cards to pay your operational expenses and increased health care insurance for you, your family and your employees

Then you know that Senate banking reforms need to kick-start small businesses and protect our families.

Credit to the community: proposals offer new funding source for CDFIs, expand SBA express program

Community development financial institutions, or CDFIs, play a key role in providing financing to small businesses, particularly those in traditionally underserved communities that have been hit hardest by the crisis.

How the CFPA Would Support Small Business

Written by Tom Feltner and Katie Buitrago on August 25, 2009 - 11:21am
The agency would require understandable disclosure, not the reams of fine print that has trapped business owners in unfavorable credit card contracts.  It would prohibit unfair and deceptive practices, not let hazardous products like automobile title loans, which many businesses rely on to manage cash flow, slip through regulatory loopholes.  Finally, it would require that lenders offer straightforward financial products, such as transparent credit cards and small business loans, alongside the complicated and price-shrouded products that crowd the marketplace.&n


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