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A new system of bundling and reselling small-business loans is funneling millions to companies owned by women, people of color, immigrants and others who are often excluded from the financial system. Community development financial institutions – known as CDFIs – focus on small loans of $5 to $250,000 sometimes...
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La asistencia gubernamental por la pandemia pudo haber ayudado a algunos californianos a evitar el uso de costosos préstamos de día de pago el año pasado, pero algunos expertos dicen que podría ser demasiado pronto para celebrar. Un nuevo informe encontró que en 2020, California experimentó una disminución del...
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Pandemic government assistance may have helped some Californians avoid using expensive payday loans last year, but some experts say it might be too early to celebrate. A new report found that in 2020, California saw a 40% decline in payday loans taken out compared to 2019, a drop equivalent...
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LOS ANGELES — The COVID-19 crisis is really hurting nonprofit organizations — in particular those that serve vulnerable populations. The LGBTQ community, for example, suffers high rates of HIV and cancer, which makes it more susceptible to the virus. Alphonso David, president of Human Rights Campaign, says his group...
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LOS ÁNGELES – La crisis de COVID-19 realmente está perjudicando a las organizaciones sin fines de lucro, en particular aquellas que sirven a poblaciones vulnerables. La comunidad LGBTQ, por ejemplo, sufre altas tasas de VIH y cáncer, lo que la hace más susceptible al virus. Alphonso David, presidente de...
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Rebecca Harpster Golden Gate Better Business Bureau Life can be expensive. Maybe you overspent over the holidays and are now having trouble paying your bills. Or perhaps you had an unforeseen emergency and need help making payments. If that’s the case, the ads promising fast, easy cash that are...
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Soundbite News Service Student loan debt in the U.S. has reached $1.4 trillion. That’s greater than all credit card debt and eclipses all motor vehicle loans. Researchers at the Levy Economics Institute at Bard College say canceling that debt would be a major boost to the economy. Stephanie Kelton,...
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The University of California has announced $5 million in loans to undocumented students. The Dream Loan program is a follow-up to the California Dream Act of 2011 that allowed some undocumented youth to apply for state aid and scholarships, and to Assembly Bill 540, which granted them in-state tuition....