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
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Doubling the number of CDFI Credit Unions
As a credit union — and specifically, CDCU — lifer, I welcome the recent initiative of NCUA and the CDFI Fund to double the number of CDFI certified credit unions. I think it would be good for credit unions, possibly resulting in more CDFI credit unions receiving awards. But I also think it could be […]