Community developing Finance is just a 501c3 organization that is nonprofit in Ca

Our objective would be to help low-income and incredibly low-income households, communities and companies with additional usage of money and literacy that is financial providing below-market price monetary services to low-income, underserved and unbanked individuals in communities every-where. It’s also our objective to generate partnerships that are new help other organizations in increasing usage of money during these areas.

CDF started 1st and just nonprofit, full-service, stand-alone check cashing shop in the united states in May 2009, within the Fruitvale neighbor hood of Oakland, Ca.

Our storefront, called Community Check Cashing (pictured, left), offers below-market prices, minimal costs, and an easy selection of economic solutions, including coaching that is financial business services — all created to aid low-income families go out of poverty. We run the shop for an enterprise that is social: a nonprofit check cashing organization when the check cashing solutions element of the operations are economically sustainable through acquired income when using contributions and funds to guide the coaching, social services and management.

CDF’s programs have actually shown to save your self clients a deal that is great of independently every year – we estimate a yearly savings into the community of $150,000 to $200,000 from our reduced rates as well as other solutions. This amounts to about $1.2 million in cost savings within the neighbor hood since we started last year.

CDF is tangled up in numerous innovative programs with its quick history through partnerships and developing brand new programs. And, while CDF presently runs only 1 store, the potential is had by it for the bigger effect. We now have substantial experience with financing programs, for instance. Predicated on this experience, CDF is rolling out a two-tier financing system that, with all the appropriate help, possibly can achieve a sizable scale, be operationally self-sufficient once it reaches scale, and gives reasonable products to displace predatory payday, vehicle name and installment loans. In addition, CDF is taking part in different policy development efforts.

Latest Articles

A Non-Predatory Financial Services Program when it comes to Unbanked and Underbanked: a brand new, Encompassing Strategy

Many essential, revolutionary and effective programs to handle these problems have already been implemented all over nation and possess had a good effect on more and more individuals within the U.S. but, 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 Financial that is non-Predatory services Description

Provider Delivery – Financial Hubs

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

Dealing with Credit Debt

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

Community Always Check Cashing Profiled into the Country Magazine!

Writer and illustrator Susie Cagle has generated a great profile for Community Check Cashing’s non-profit business design, storefront, and lending system. Browse the article that is full the The Nation online!

CDF Remarks on CFPB’s Proposed Cash Advance Regulations

Remarks regarding the CFPB’s Proposed Payday Lending Regulations


12 CFR Part 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 developing Finance (CDF) operates …

A cure for those who work in financial obligation: Can a non-profit help 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 whole world. Or possibly it may. With sufficient capital, a non-profit foothold into the small-dollar loan market can relieve the duty of perpetual financial obligation on susceptible communities. And Community Check Cashing’s …

Changing Predatory Lenders With Community Finance in Oakland

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

Dan Leibsohn happens to be worried about economic injustice and insecurity for a really time that is long. “I have actually attempted to address problems of social justice in most of could work throughout my adult life,” says Leibsohn, creator of Community developing Finance, an Oakland-based …|an that is oakland-based

Steal This Sector: Pay Day Loans

Initially posted at NonProfitPro, authored by Tivoni Devor:

The loan that is payday creates $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 business that everyone hates, but no one possesses answer that is clear how exactly to …

Preliminary Research Results: Payday Advances, Financial Obligation as well as the Underbanked

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

Simply Simply Click to see or install via PDF: payday advances, Debt …

Really the only check that is*nonprofit shop in the united kingdom is with in risk of being closed because no bank will prov

Community Check Cashing, the sole nonprofit check cashing shop in the united states found in the Fruitvale neighbor hood of Oakland, Ca, provides lower rates, provides monetary mentoring for people and groups, maintains ties to banks and credit unions for referring individuals for reports and loans, and develops policy proposals. This has saved a projected $1.2 million for the customers …