Lending Power

Lending Power PDF Author: Howard E. Covington Jr.
Publisher: Duke University Press
ISBN: 0822372770
Category : History
Languages : en
Pages : 203

Get Book Here

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

Lending Power PDF Author: Howard E. Covington Jr.
Publisher: Duke University Press
ISBN: 0822372770
Category : History
Languages : en
Pages : 203

Get Book Here

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.

Aid and Power - Vol 1

Aid and Power - Vol 1 PDF Author: Jane Harrigan
Publisher: Routledge
ISBN: 1136168974
Category : Business & Economics
Languages : en
Pages : 362

Get Book Here

Book Description
Book is definitive in its area and one of the most significant titles in development economics in the 1990's Sold in total nearly 3,000 copies of the first edition Authors are very prestigious: Mosley is full Professor at Reading, Toye is Head of the prestigious Institute of Development Studies

Government Credit

Government Credit PDF Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 404

Get Book Here

Book Description


General Revenue Revision

General Revenue Revision PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 1176

Get Book Here

Book Description


The Credit Crunch and Reform of Financial Institutions

The Credit Crunch and Reform of Financial Institutions PDF Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 656

Get Book Here

Book Description


Report of the Joint Commission of Agricultural Inquiry

Report of the Joint Commission of Agricultural Inquiry PDF Author: United States. Congress. Joint Commission of Agricultural Inquiry
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 1576

Get Book Here

Book Description


Rural Development and Farm Credit

Rural Development and Farm Credit PDF Author: United States. Congress. House. Committee on Agriculture
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 904

Get Book Here

Book Description


Inside the World Bank

Inside the World Bank PDF Author: Y. Xu
Publisher: Springer
ISBN: 0230100082
Category : Business & Economics
Languages : en
Pages : 258

Get Book Here

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

Monetary, Credit, and Fiscal Policies PDF Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 66

Get Book Here

Book Description


Stabilization of Prices

Stabilization of Prices PDF Author: Joseph Stagg Lawrence
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 520

Get Book Here

Book Description
"Selected bibliography": pages 475-480.