Deyanira del Rio’s testimony on Fostering Economic Growth: The Role of Financial Companies.
“As banks continue to consolidate and become further removed from communities and local economies, community development financial institutions (CDFIs) play an increasingly important role in stimulating small business, affordable housing and other development in economically distressed neighborhoods, through fair and transparent loans and investments. CDFI-certified credit unions, including LES People’s, serve more than eight million people across 46 states and, despite serving low income communities, exceed the financial growth and performance of their mainstream peers.” Read Full Testimony
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