Author: Howard E. Covington Jr.
Publisher: Duke University Press
ISBN: 0822372770
Category : History
Languages : en
Pages : 203
Book Description
Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.'s vision of justice to extend economic opportunity to the nation's unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities.
Lending Power
Author: Howard E. Covington Jr.
Publisher: Duke University Press
ISBN: 0822372770
Category : History
Languages : en
Pages : 203
Book Description
Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.'s vision of justice to extend economic opportunity to the nation's unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities.
Publisher: Duke University Press
ISBN: 0822372770
Category : History
Languages : en
Pages : 203
Book Description
Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.'s vision of justice to extend economic opportunity to the nation's unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities.
Government Credit
Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 404
Book Description
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 404
Book Description
A History of Credit and Power in the Western World
Author: Scott B. MacDonald
Publisher: Transaction Publishers
ISBN: 0765800853
Category : Business & Economics
Languages : en
Pages : 326
Book Description
This volume examines the evolution of credit in the western world and its relationship to power. Spanning several centuries of human endeavour, it focuses on western Europe and the United States and also considers how the western system became the global credit system.
Publisher: Transaction Publishers
ISBN: 0765800853
Category : Business & Economics
Languages : en
Pages : 326
Book Description
This volume examines the evolution of credit in the western world and its relationship to power. Spanning several centuries of human endeavour, it focuses on western Europe and the United States and also considers how the western system became the global credit system.
Rural Development and Farm Credit
Author: United States. Congress. House. Committee on Agriculture
Publisher:
ISBN:
Category :
Languages : en
Pages : 932
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 932
Book Description
The Credit Crunch and Reform of Financial Institutions
Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 656
Book Description
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 656
Book Description
Inside the World Bank
Author: Y. Xu
Publisher: Springer
ISBN: 0230100082
Category : Business & Economics
Languages : en
Pages : 258
Book Description
This book argues that the World Bank, far from being a unitary actor, is fundamentally plural, internally fragmented and dispersed, with cascading chains of delegation, authority and controls, and with considerable discretion delegated to the staff.
Publisher: Springer
ISBN: 0230100082
Category : Business & Economics
Languages : en
Pages : 258
Book Description
This book argues that the World Bank, far from being a unitary actor, is fundamentally plural, internally fragmented and dispersed, with cascading chains of delegation, authority and controls, and with considerable discretion delegated to the staff.
Monetary, Credit, and Fiscal Policies
Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 66
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 66
Book Description
Stabilization of Prices
Author: Joseph Stagg Lawrence
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 520
Book Description
"Selected bibliography": pages 475-480.
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 520
Book Description
"Selected bibliography": pages 475-480.
The Power of Borrowed Money
Author: Kola Adedokun MBA ACIB
Publisher: Xlibris Corporation
ISBN: 154340961X
Category : Education
Languages : en
Pages : 115
Book Description
The Power of Borrowed Money was born out of practical banking and finance experience, especially in the area of borrowing and lending. It is the summary of interactions with people across the globe in respect of the individual’s experience in growing credit and debt problems. The book was written in simple words to gain maximum insight into lending and borrowing methods with optimal benefits for both the lender and the borrower in the formal and informal sectors. It provided sound knowledge on how to safe breath on the darts of unnecessary debts emanating from all angles in the present time. The methods of settling overdue loan and raising cheap funds to cushion the effects of hard times and solve the problem of cash flow were discussed. It supported the wisdom in taking credit to increase investment assets. It also exposed the risks involved in increasing debt to acquire liability assets. The book clearly highlighted the humbling and easy ways to break the yoke of debt before it breaks those who are entangled in it. The self-explanatory action points at the end of each chapter are to safeguard everyone from unnecessary debts and its negative effects.
Publisher: Xlibris Corporation
ISBN: 154340961X
Category : Education
Languages : en
Pages : 115
Book Description
The Power of Borrowed Money was born out of practical banking and finance experience, especially in the area of borrowing and lending. It is the summary of interactions with people across the globe in respect of the individual’s experience in growing credit and debt problems. The book was written in simple words to gain maximum insight into lending and borrowing methods with optimal benefits for both the lender and the borrower in the formal and informal sectors. It provided sound knowledge on how to safe breath on the darts of unnecessary debts emanating from all angles in the present time. The methods of settling overdue loan and raising cheap funds to cushion the effects of hard times and solve the problem of cash flow were discussed. It supported the wisdom in taking credit to increase investment assets. It also exposed the risks involved in increasing debt to acquire liability assets. The book clearly highlighted the humbling and easy ways to break the yoke of debt before it breaks those who are entangled in it. The self-explanatory action points at the end of each chapter are to safeguard everyone from unnecessary debts and its negative effects.
Hearings
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 1174
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 1174
Book Description