New FedNow Rules Lack Fraud Protection

The final FedNow rules announced today by the Federal Reserve Board lack protection against scams and fraud, which, if unaddressed, could leave consumers exposed when the payment service launches next year, warns advocates at the National Consumer Law Center, National Consumers League, and National Community Reinvestment Coalition (NCRC).

DCWBC ShopHER Profile: Batax Bule

Today, we spoke with Metrini Geopani Weaver, owner of Batax Bule. Batax Bule is a globally inspired and ethically sourced fashion, jewelry and home textile design studio based in Washington, DC, and one of the women-owned, small retail businesses located at ShopHER.

NCRC, OFN and 91 Community Groups Support SBA’s Community Advantage Pilot Program Reforms

In a letter to the SBA, the National Community Reinvestment Coalition (NCRC) and the Opportunity Finance Network (OFN), organizations that advised SBA on changes to the Community Advantage Pilot Program, were joined by 98 community and national organizations in support of the proposed reforms. NCRC President & CEO Jesse Van Tol and OFN President & CEO Lisa Mensah attended the announcement at Howard University in Washington, DC.

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