CRA’s Merry-Go-Round
A contentious issue on the forefront of lending today is the revision to Community Reinvestment Act (CRA) rules, defining the responsibility of banks to provide credit to local com
Announcing the 2023 Impact Report
We’re excited to share the release of our 2023 impact report! In the report you’ll find: A letter from CFR’s Executive Director A snapshot of CFR’s products and programs in
Buy Now Pay Later: Convenience or Debt Trap?
The growth of point-of-sale installment payment options, often known as buy now pay later (BNPL), have offered consumers an alternative to credit cards, providing them flexibility
2023 Holiday Wish List
More lenders who provide safe and affordable loans that improve the credit and/or debt position of low-wealth individuals. Lower-cost basic banking and savings accounts tailored fo
Managing Financial Expectations for the Holiday Season
Tis’ is the holiday season of gratitude and cheer! Alongside this holiday season, comes the giving of gifts to show our gratitude for those we love… And that can be expensi
VITACon 2023
A Recap of VITACon ‘23 from CFR Partnership Program Manager, Christian Govea It was an absolute pleasure to attend VITACon this year. As a first time attendee and recent particip
Expand Financial Inclusion For All
Imagine immigrating to America to seek a better life for your family. You strive for a better economic opportunity that will afford living expenses, obtain adequate housing, and ac
The Personal Debt Conundrum
It was sobering to see the Federal Reserve Bank of New York’s Q1 2023 report on household debt, where total US household debt surpassed $17 trillion at the end of March. A stagge
Data Insights: Withdrawals January – May 2021
Since our founding, Community Financial Resources (CFR) has actively tracked the impact of our products on the communities we serve through de-identified transactional data. Check
Data Insights: Spending Trends in 2020
Community Financial Resources (CFR) has always actively tracked the impact of our products on the communities we serve through de-identified transactional data. Check our blog regu