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70% of restaurants might not survive COVID

For those of us fortunate enough to be able to work from home, everyday life is complicated, difficult, and worrisome. However, we still get to mobile order our favorite pizza or Chinese food for dinner. We still get to stop by and grab coffee at a drive-through on the way home from picking up groceries.…

customer service rules

The CRA Should Be Strengthened, Not Diluted

On May 20, 2020, the Office of the Comptroller of the Currency (OCC) announced its final rule on the agency’s regulations under the Community Reinvestment Act (CRA), just 40 days after the public comment period ended.

Nonprofit small business lender prepares COVID response

Many Opportunity Fund small business clients like Tamales Los Mayas, which sells thousands of tamales at Golden State Warriors games, to a local school district and at most of the Bay Area’s biggest tech companies, will require support as they suffer a drop in consumer demand.

OCC and FDIC’s Proposed Rules Would Weaken CRA

Earlier this week, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released their plan to modernize the Community Reinvestment Act (CRA). The two governing bodies are soliciting feedback on their proposals, due mid-February. This is our first statement on the proposed changes; we will be submitting a…

Accelerating Opportunity through our Trucking Program

New emissions standards in 2010 required many of California’s older big rigs to be upgraded or replaced with new, cleaner models. This law, while enormously beneficial to public and environmental health, meant that many independent truck drivers would have to cease operating if they could not afford to retrofit or replace their trucks. We launched…

$13M Investment in Northwest Human Services

We are excited to announce its first investment in Oregon, a $13 million expansion of Northwest Human Services, a non-profit Federally Qualified Health Center and a vital part of the social safety net in Salem, Oregon.

Northwest Human Services

Implement Dodd-Frank Act Section 1071 Immediately

Luz Urrutia, CEO of Opportunity Fund, spoke at the Consumer Financial Protection Bureau Symposium: Section 1071 of the Dodd-Frank Act on November 6 in Washington, D.C. where she discussed the current state and future outlook of the small business lending marketplace and the urgent need for the CFPB to begin collecting data from commercial lenders in order…