All News and Announcements
JPMorgan Chase Launches Hiring Initiative to Bolster Financial Inclusion
The bank plans to hire 75 community managers by 2030 to serve areas with limited banking access.
Tricolor Issues $288M ABS Social Bond to Support Scale and Advance Financial Inclusion in Underserved Hispanic Communities
The purpose of the social bond is to empower underserved, low-income communities through improved access to affordable financing to meet their vital transportation needs and ultimately provide a path to mainstream financing.
Citi Foundation Announces $25 M Request for Ideas Focused on Financial Inclusion and Financial Health in Low-Income Communities in the U.S.
With this second iteration of the Community Finance Innovation Fund, the Citi Foundation will support a new cohort of Community Development Financial Institution innovators.
FPC Releases Guideline for Financial Institutions on Instant Payments
The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.
Iowa Credit Union Foundation Announces $50,000 in Grants to Increase Financial Inclusion in Iowa
Financial Inclusion Grants direct funding to organizations serving minority populations in policy areas covered by the report: affordable housing, business ownership, childcare, education, employment, and health access and outcomes.
Argentine Banks File Complaint Against Mercado Libre Over its Fintech Business
This marks a significant escalation in a longstanding dispute between the financial sector and the Buenos Aires-based fintech giant.
Grameen America Plans to Invest $40 Billion for Underserved Women of USA in Next Ten Years
To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms.
United States: Native CDFIs Connect Indian Country to Credit and Capital
Native Community Development Financial Institutions (CDFIs) emerged to help address credit and capital challenges and provide Native communities and residents with an alternative to mainstream banks.
OppFi Addresses Financial Literacy Through Social Impact Collaboration With Financial Education Platform Zogo
OppFi and Zogo bring together expertise and resources to tackle ongoing financial challenges faced by everyday Americans.
Mizuho Americas Increases Its Commitment to Grameen America
Mizuho provided $5 million in debt capital to Grameen America and its microlending program as part of the firm’s ongoing commitment to CDFIs and financial inclusion.