News & Press

This week the House Ways and Means Committee took the mistaken step of proposing the elimination of the New Markets Tax Credit (NMTC) Program as part of a proposal for tax reform.

Accion Opportunity Fund is a big supporter of the work that the Consumer Financial Protection Bureau (CFPB) is doing on behalf of American consumers.

The partnership between Opportunity Fund, the lending arm of Accion Opportunity Fund, and LendingClub combines the mission focus of a Community Development Financial Institution (CDFI) with the online lending expertise of a fintech, creating a new model for transparent, responsible lending services that meet the needs of today’s small business owner.

Today, Accion Opportunity Fund releases a new report “Building Technology for Cross-Sector Collaboration: A Case Study of Fintech-CDFI Partnership Success” about the recently launched partnership between Accion Opportunity Fund and LendingClub.

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.

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.