Showing posts with label #financialstability. Show all posts
Showing posts with label #financialstability. Show all posts

Monday, December 11, 2023

πŸ’ΌIMSPARK: How the New CRA Rule Benefits Native Communities πŸ’Ό


πŸ’ΌImagine... How the New CRA Rule Benefits Native Communities πŸ’Ό


πŸ’‘ Imagined Endstate: 

Native communities have greater access to banking services, community development financing, and affordable housing through the modernized CRA regulations.

 πŸ”— Link: 

πŸ“š Source: 

Kokodoko, M. (2023). How the new CRA rule benefits Native communities. Federal Reserve Bank of Minneapolis. 

πŸ’₯ What’s the Big Deal:

The new CRA rule introduces Native Land Areas (NLAs) as a category of eligible community development 🏠 that recognize the unique challenges and needs of Native communities. Banks can now receive CRA credit for activities in NLAs,πŸ’°even if they are outside of their assessment area. 🌱This could increase the availability of financial resources and opportunities for Native communities. 


#financialstability,#BusinessSupport,#CDFI,#CRA, #NativeLandAreas, #NLA,#IMSPARK,

Wednesday, September 27, 2023

🌱 IMSPARK: Inclusive Financial Data Sharing for the Pacific Islands 🌱

 

 πŸŒ± Imagine Inclusive Financial Data Sharing for the Pacific Islands 🌱



πŸ’‘ Imagined Endstate:

Imagine a future where the Pacific Islands, including underserved communities, have seamless access to financial services while maintaining control over their data. πŸ›‘️This empowers marginalized Pacific communities to improve their financial well-being.

πŸ“š Source:

Steele, F., Griffin, K., & Shaw, T. (2023, May 10). FAMILY FINANCES: A Call for Financial Inclusion in Data Sharing & Privacy. Aspen Institute.

πŸ”— Link:

 Aspen Institute - A Call for Financial Inclusion in Data Sharing & Privacy

🌟 What's the Big Deal for the Pacific:

πŸŒ… The Pacific Islands face unique financial challenges. To create a truly inclusive financial system in the Pacific, discussions on financial data sharing and privacy are crucial. πŸ› ️In a region where digital financial services can be a lifeline, many Pacific Islanders are excluded. πŸ“ˆ By including marginalized communities and services such as government-issued cards for assistance programs, we can ensure everyone benefits from innovations in financial technology. Smaller financial institutions 🏒 in the Pacific must not be left behind technologically; investments in their systems can level the playing field and foster financial inclusion. The Aspen Institute's driving principles for an inclusive financial system, tailored to the Pacific, could guide these discussions. πŸ’ͺ Financial literacy and inclusion efforts are ongoing, and if effective they can create a more financially literate and inclusive Pacific society.

#financialstability,#WealthEquity,#WealthMobility,#ASPEN,#PacificIslanders,#EmpoweringCommunities,#IMSPARK,

Wednesday, August 2, 2023

πŸ’°IMSPARK: Imagine... Addressing Financial Insecurity in America πŸ’°

πŸ’°IMSPARK: Imagine... Addressing Financial Insecurity in America πŸ’°


  • Imagined Endstate:

  • πŸ’‘Imagine a future where every household in the United States has the financial stability and resources to meet their needs, build wealth, and participate fully in society. 

  • Link:

  • πŸ”— Link to The New Wealth Agenda 

  • Source:

  • Aspen FSP. (2023). The New Wealth Agenda.

  • What's the Big Deal:



  • πŸ’₯ Financial insecurity affects over half of U.S. households, threatening their basic needs and perpetuating inequality. The New Wealth Agenda offers a comprehensive framework with eight key objectives to increase wealth ten-fold by 2050 for households of color and those in the bottom half of the wealth distribution. This agenda aims to foster financial stability, tackle debt, provide startup capital, offer wealth-building career pathways, promote equitable homeownership, ensure retirement security, explore shared ownership strategies, and leverage new innovations to protect and grow household wealth. By pursuing these objectives, we can create a future where all households have the opportunity to thrive financially, fostering inclusion, agency, and dignity for everyone. πŸ πŸ“ˆπŸ’° 


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🦀 IMSPARK: Healthy and Diverse Migratory Species in the Pacific🦀

 πŸ¦€ Imagine... Healthy and Diverse Migratory Species in the Pacific🦀  πŸ’‘ Imagined Endstate:  In the next 3-5 years, the Pacific region will...