We are in Social
21 gennaio





Giuseppe Mastroianni

Community Development Finance is just a 501c3 nonprofit company found in California

Community Development Finance is just a 501c3 nonprofit company found in California

Our objective would be to help low-income and extremely low-income households, communities and organizations with an increase of usage of money and monetary literacy by providing below-market price monetary services to low-income, underserved and unbanked individuals in communities every-where. Additionally, it is our objective to produce partnerships that are new help other organizations in increasing usage of money during these areas.

CDF started the very first and just nonprofit, full-service, stand-alone check cashing shop in the united states in might 2009, within the Fruitvale community of Oakland, Ca.

Our storefront, called Community Check Cashing (pictured, left), offers below-market prices, minimal charges, and an easy variety of economic solutions, including economic mentoring and business services — all created to greatly help low-income families go out of poverty. We operate the shop on an enterprise that is social: a nonprofit check cashing organization where the check cashing solutions part of the operations are economically sustainable through received income when using contributions and funds to guide the mentoring, social solutions and management.

CDF’s programs have actually which can save yourself clients a lot of cash independently each year – we estimate a yearly cost savings towards the community of $150,000 to $200,000 from our reduced costs along with other solutions. This amounts to about $1.2 million in cost cost cost savings into the neighbor hood since we launched in ’09.

CDF is tangled up in numerous revolutionary programs with its history that is short through and developing new programs. And, while CDF presently runs only 1 store, the potential is had by it for a much bigger effect. We now have considerable experience with financing programs, as an example. Centered on this experience, CDF has continued to develop a two-tier financing system that, aided by the appropriate help, possibly can achieve a big scale, be operationally self-sufficient once it reaches scale, and supply reasonable products to displace predatory payday, automobile name and installment loans. In addition, CDF is associated with different policy development efforts.

Latest Articles

A Financial that is non-Predatory Services when it comes to Unbanked and Underbanked: a fresh, Encompassing Strategy

Many crucial, revolutionary and effective programs to deal with these problems are implemented round the nation and also have had an impact that is positive more and more individuals when you look at the U.S. Nevertheless, as a whole, these existing programs, while excellent in a lot of ways, haven’t been in a position to deal with the changing needs of unbanked people or …| that is

A Non-Predatory Financial Services Hub Description

Provider Delivery – Financial Hubs

A Hub would include an area combining all of the needed solutions to help low and incredibly income that is low unbanked and underbanked households with bad credit (usually about 400 to 600 fico scores). The employment of Hubs or monetary facilities could offer the most satisfactory collection of economic and …| that is

How to approach Credit Debt

Reader’s Note: This post could be the first in a series CDF is composing when it comes to Ca Council of Churches on different monetary solutions dilemmas. The initial form of this post can be seen on their site: You may see or download a PDF form of …

Community Always Check Cashing Profiled into the Country Magazine!

Writer and illustrator Susie Cagle has established a wonderful profile for Community Check Cashing’s non-profit business structure, storefront, and lending system. Have a look at complete article in the The Nation on the web!

CDF Remarks on CFPB’s Proposed Cash Advance Regulations

Reviews regarding the CFPB’s Proposed Payday Lending Regulations


12 CFR Role 1041

Docket No. CFPB-2016-0025

Payday, Car Title, and Certain High-Cost Installment Loans

Submitted By Community Development Finance 3411 East 12th Street, #124 Oakland, CA 94601 510 479-1037

Community developing Finance (CDF) operates …

A cure for those in financial obligation: Can a help that is non-profit predatory payday lenders away from company?

David Dayen, celebrated finance journalist, features Community Check Cashing in an article that is cdfi/ccc-focused Salon!

One small storefront in Oakland cannot change the whole world. Or even it could. A non-profit foothold in the small-dollar loan market can ease the burden of perpetual debt on vulnerable communities with enough funding. And Community Check Cashing’s …

Replacing Predatory Lenders With Community Finance in Oakland

(by Matt Stannard, Initially posted at TruthOut, 23, 2016 april)

Dan Leibsohn is worried about financial injustice and insecurity for a rather time that is long. “I have actually attempted to deal with problems of social justice in every of might work throughout my adult life,” says Leibsohn, creator of Community developing Finance, an Oakland-based …|an that is oakland-based

Steal This Sector: Payday Advances

Originally posted at NonProfitPro, compiled by Tivoni Devor:

The loan that is payday yields $11 billion in income. Additionally, it is a hated, predatory sector that makes use of its size to influence legislation to keep it alive and growing. It’s a business that everyone hates, but no one features a answer that is clear how exactly to …

Preliminary Research Outcomes: Pay Day Loans, Financial Obligation and also the Underbanked

Interested in exactly how payday advances compare to another economic dilemmas faced by underbanked populations? You’re in luck! In the draft that is following, CDF founder Dan Leibsohn stocks draft research conclusions from information created through CDF’s flagship Community Check Cashing nonprofit money solutions storefront.

Simply Click to see or install via PDF: pay day loans, Debt …

Truly the only *nonprofit* check cashing shop in the united states is in risk of being closed because no bank will prov

Community Check Cashing, truly the only nonprofit check cashing shop in the united states found in the Fruitvale neighbor hood of Oakland, Ca, provides lower hours rates, provides monetary mentoring for folks and teams, keeps ties to banking institutions and credit unions for referring individuals for reports and loans, and develops policy proposals. This has saved a calculated $1.2 million for the customers …

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