Lending Power: How Self-Help Credit Union Turned Small-Time Loans into Big-Time Change
| Author | : | |
| Rating | : | 4.54 (619 Votes) |
| Asin | : | 0822369699 |
| Format Type | : | paperback |
| Number of Pages | : | 240 Pages |
| Publish Date | : | 2017-11-28 |
| Language | : | English |
DESCRIPTION:
It provides, in the account of Martin Eakes' work, an appealing example of genius successfully confronting inequity. It is a great story about how that emotion—in the hands and hearts of good people—can do much good. If Martin had lived in the early days of Christianity he would have been one of the Apostles and at times he would have been impatient with Jesus; but the world would have become fairer more quickly.". "This would be an important book at any time but it is especially that in a season when outrage blossoms on every corner
A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. In Lending Power journalist and historian Howard E. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. In 1999 its efforts led to the first state law against predatory lending. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first s