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Our objective is always to help low-income and extremely low-income households, communities and companies with additional usage of money and monetary literacy by providing below-market price economic products and services to low-income, underserved and unbanked people in communities every-where. Additionally, it is our objective to generate partnerships that are new help other institutions in increasing use of money during these areas.

CDF started the initial and just nonprofit, full-service, stand-alone check cashing shop in the nation 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 extensive selection of monetary solutions, including coaching that is financial business solutions — all created to assist low-income families go out of poverty. We run the shop on an enterprise that is social: a nonprofit check cashing organization when the check cashing services element of the operations are economically sustainable through acquired income while using the contributions and funds to guide the mentoring, social services and management.

CDF’s programs have actually which can conserve clients a deal that is great of separately every year – we estimate a yearly cost savings into the community of $150,000 to $200,000 from our reduced rates as well as other services. This amounts to about $1.2 million in cost cost cost savings into the neighbor hood since we launched in ’09.

CDF is associated with numerous revolutionary programs in its brief history through partnerships and developing brand brand brand new programs. And, while CDF presently runs just one store, this has the potential for the much bigger impact. We now have considerable experience with financing programs, as an example. Centered on this experience, CDF is promoting a lending that is two-tier that, using 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, car 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

Numerous essential, revolutionary and effective programs to handle these problems have already been implemented across the nation and now 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 address the changing needs of unbanked people or …| that is

A Financial that is non-Predatory services Description

Provider Delivery – Financial Hubs

A Hub would contain a spot combining all of the required solutions to help low and extremely low income, unbanked and underbanked households with bad credit (usually about 400 to 600 fico scores). The usage of Hubs or monetary facilities could offer the most satisfactory collection of economic and …| that is

Dealing with Credit Debt

Reader’s Note: This post could be the first in a series CDF is writing for the Ca Council of Churches on different monetary solutions issues. The version that is original of post can be looked at on their site: calchurches.org/financial-coaching.html. You may see or install a PDF form of …

Community Always 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 design, storefront, and program that is lending. Take a look at article that is full the The Nation on line!

CDF Responses on CFPB’s Proposed Cash Advance Regulations

Remarks in the CFPB’s Proposed Payday Lending Regulations

BUREAU OF CUSTOMER FINANCIAL SECURITY

12 CFR Role 1041

Docket No. CFPB-2016-0025

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

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

Community Development Finance (CDF) operates …

A cure for those in financial obligation: Can a non-profit assistance placed predatory payday loan providers away from company?

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

One storefront that is little Oakland cannot change the planet. Or maybe it may. 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, Occupy.com. Initially posted at TruthOut, 23, 2016 april)

Dan Leibsohn happens to be worried about economic injustice and insecurity for a rather few years. “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 pay day loan oakland-based

Steal This Sector: Pay Day Loans

Initially posted at NonProfitPro, compiled by Tivoni Devor:

The loan that is payday produces $11 billion in income. It’s also a hated, predatory sector that makes use of its size to influence legislation to keep it alive and growing. It’s a market that everyone hates, but no body possesses clear solution on just how to …

Preliminary Research Outcomes: Payday Advances, Financial Obligation together with Underbanked

Interested in exactly exactly how payday advances compare to another issues that are financial by underbanked populations? You’re in luck! Into the following draft PDF, CDF founder Dan Leibsohn stocks draft research conclusions from information created through CDF’s flagship Community Check Cashing nonprofit money services storefront.

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

The actual only real *nonprofit* check cashing shop in the united kingdom is in threat of being closed because no bank will prov

Community Check Cashing, the only real check that is nonprofit shop in the nation found in the Fruitvale neighborhood of Oakland, Ca, provides far lower rates, provides financial mentoring for people and teams, keeps ties to banking institutions and credit unions for referring individuals for reports and loans, and develops policy proposals. This has saved an approximated $1.2 million for the customers …