Tag Archives: credit

What is Money Smart Week?

By Heather Greenwell, Outreach Program Team Lead, Public Affairs, Federal Reserve Bank of Chicago   In an effort to focus consumer attention on the importance of managing personal finances, the Federal Reserve Bank of Chicago coordinates Money Smart Week (MSW) … Continue reading

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Community Development and Policy Studies (CDPS) Update

Every year, Community Development and Policy Studies (CDPS) researches issues that affect low- and moderate-income (LMI) communities in the Seventh District that relate to, among other topics, economic/worker mobility; access to competitively priced credit and financial services; small business development; … Continue reading

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Community Development and Policy Studies Update

Written by Emily Engel This blog is a summary of Community Development and Policy Studies topics in the Seventh District from the latest CDPS Survey. According to the latest CDPS survey: The biggest issue impacting the health of housing markets … Continue reading

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Bridging the Gap: Alternative Providers of Credit to Small Businesses

Community-based lenders and other nonbank entities saw a steep rise in demand when bank lending to small businesses dropped by more than 50% between 2007 and 2010. [1] A recent article in ProfitWise News and Views, “Small Business Credit: Alternative … Continue reading

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Changing Banking Infrastructure: Access to Credit by Detroit’s Small Businesses

The story of distress in Detroit has been well-told from the riots of the 1960s through the near-collapse of the auto assemblers in 2008. The table below shows Detroit’s dramatic population loss since 1970, while both Michigan and the United … Continue reading

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