News

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.

Mark and Debra Leslie are long-time friends and supporters of Opportunity Fund. Last November, Mark and Debra were honored with the Outstanding Philanthropists award at the Association of Fundraising Professionals’ Silicon Valley Philanthropy Day.

This article was originally published by the Federal Reserve Bank of San Francisco in Community Investments, Winter 2014/2015 – Volume 26, Number 3 35. Notes from the Frontlines in the Small Business Finance Revolution: A Microlender’s View By Gwendy Brown and Eric Weaver Where do you go for your morning coffee? To get your car serviced? To…

Microfinance offers fair and empowering products—loans, savings accounts, insurance, and more—that help people get ahead financially. Read a timeline of the history of microfinance in the U.S.