News & Press

Like many around the country, earlier this month Accion Opportunity Fund nervously awaited the federal budget decision (which funds our government through September).

Welcome to the second blog in our series about the challenges and initiatives faced by the Consumer Financial Protections Bureau (CFPB). In this blog, Accion Opportunity Fund’s Regional Director, Iosefa Alofaituli, writes about his experience at a CFPB Field Hearing in Los Angeles:

Welcome to Accion Opportunity Fund’s new blog series on the Consumer Financial Protections Bureau (CFPB). The CFPB is a federal agency that acts as a buffer for consumers against financial fraud and abuse. It has come under heavy scrutiny in recent months. Accion Opportunity Fund recognizes that many of our clients and stakeholders benefit from…

Earlier this month, Accion Opportunity Fund responded to the Office of the Comptroller of the Currency’s (OCC) request for comments on their proposal to offer a national special purpose charter to non-bank institutions.

Earlier this month Accion Opportunity Fund submitted comments to the Consumer Financial Protection Bureau regarding their proposed rule on payday, vehicle title, and certain high-cost installment loans.

The purpose of this study is to aggregate these activities—the direct, indirect, and induced economic effects of microloans—to calculate the “ripple effect” or macroeconomic impact of Opportunity Fund’s lending on California’s economy. Opportunity Fund (the lending arm of Accion Opportunity Fund) commissioned TXP, Inc. to measure this impact using objective, verified research methods because we…

On the heels of the Great Recession, a new breed of “alternative” lenders has emerged to offer small businesses much-needed access to credit. These new lenders are filling a void created after banks dramatically cut back on their lending to small businesses.

Accion Opportunity Fund is proud to participate in the EntrepreneurTracker Outcomes Survey to measure outcomes of our work.

The Consumer Financial Protection Bureau (CFPB) recently announced their two year policy priorities, which include this vision statement about small business lending.

On Monday, the White House released its Budget outline for FY2019, to begin on October 1, 2018. As expected, the budget eliminates major funding for the CDFI Fund including essential programs that enable Opportunity Fund, the lending arm of Accion Opportunity Fund, and others to deploy capital to underserved business owners across the nation.