Since the early days of the community development financial institutions (CDFI) movement, some battles for economic equality and empowerment have been won–but sometimes, the battlefields have just shifted. I recently spoke at the annual conference of the New York State CDFI Coalition, which I co-organized 20+ years ago. You can read my remarks here: NYState CDFI […]
The More Things Change…
A recent article in the Wall Street Journal described how major banks and private-equity firms are funding companies that provide subprime automobile loans — a product that many banks have moved away from. That’s not so new. See my article that describes how it was done in the 1960s: The More Things Change