Profitwise News and Views
Articles on economic development news and trends including small business lending, labor trends and tax incentives to assist underserved communities; consumer issues such as predatory lending, credit scoring and identity theft; regulatory compliance topics; and research activities relevant to community development. Also includes a calendar of events and district news. View Guidelines for Authors.
The material in Profitwise News and Views is not necessarily endorsed by, and does not necessarily represent views of the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of Chicago.
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CURRENT ISSUE
Industrial Cities Initiative: Working Paper SummaryIn this edition of Profitwise News and Views, we summarize an April symposium, an annual event organized by Neighborhood Housing Services of Chicago with its community bank partners. The topic of this year’s meeting was the future of residential real estate. Our feature article for August is a report on the Fed’s Industrial Cities Initiative, summarizing qualitative and quantitative findings on the economic well-being of ten Seventh Federal Reserve District cities that were formerly Midwest manufacturing hubs. Download the current issue.
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SPOTLIGHT!
Recently certified CDFI banks and the CDFI banking sectorThe Community Development Financial Institutions (CDFI) Fund came into existence in 1995 with the mission to “expand the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the United States.” Since the recent economic crisis, CDFIs have been a vehicle for the implementation of several new policy initiatives designed to direct capital to the nation’s underserved communities, businesses, and home owners. Though few in number, CDFI banks hold the majority of capital among certified CDFIs. Download the current issue.