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.

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.

As a lender on the frontlines of the small business finance revolution, Accion Opportunity Fund has been calling attention to predatory lending practices for some time now. Because many of these concerning products are designed to avoid existing regulations, there is a need for policymakers to step in.

Over the weekend, California Governor Brown signed into law SB 197, which increases access to affordable capital for California’s 3.6 million small and microbusiness owners.