CAMEO Holiday Gift Guide 2022

After a difficult two years, show your love to small businesses this holiday shopping season. To help you in that endeavor, many CAMEO members are putting together guides and lists of their small business clients to make it as easy as possible to find the perfect gift for family and friends while keeping our local

CAMEO Awarded $2M Grant to Launch Country’s First CDFI Shared Services Center

CAMEO has been awarded $2 million from Citi Foundation’s Community Finance Innovation Fund. With the new funding, CAMEO will launch the country’s first Shared Services Center for Community Development Financial Institutions (CDFIs), which will help the mission-driven lenders strengthen their organizations to serve growing small business demand for their services.  “CDFIs proved their worth as economic first

Unmasking Economic Justice for Small Business Recovery

Last week CAMEO hosted our annual Microlenders Forum 2022 in person! More than 70 small business lenders came together to explore our theme for this year, “Unmasking Economic Justice for Small Business Recovery”from different angles, including innovations in equitable lending, fostering support for accessing capital, and more. After that warm welcome Carolina moderated a discussion

Latino Entrepreneurship

Last month, the California Hispanic Chamber of Commerce (CHCC) hosted their annual convention in Oakland. For three days, small business owners, service providers, and  advocates – including many CAMEO members – engaged, networked and learned how they can fit into the small business ecosystem to help small business owners succeed. I was fortunate to attend,

Commitment to Launch National CDFI Academy

CAMEO has committed at the Clinton Global Initiative (CGI) 2022 Meeting today to launch a National Community Development Financial Institution Academy (CDFI) Academy that will provide professional training and resources to thousands of CDFI staff members. CDFIs earned their place on the national stage when they ensured that entrepreneurs of color had access to government

Yordanos Asmelash Haile, Asmara Cafe

Asmara Cafe specializes in traditional brewed Eritrean and Ethiopian coffee and food such as chicken kilwa, foule and sambusas. Owner Yordanos Asmelash Haile is a first-generation American having immigrated to the U.S. from Eritrea in East Africa. She aims to highlight her cultural flavors through the menu at her coffee shop.

Increasing Transparency in Fintech Takes the State in Congressional Hearing

On July 13, 2022 the U.S. House of Representatives Small Business Subcommittee on Oversight, Investigations, and Regulations held a hearing titled: “Fintech and Transparency in Small Business Lending.” Fintech is the technology and innovation that are changing the way banking and lending are done. Traditional loans from traditional banks take weeks to complete, not hours

Economic Opportunity Coalition

Last week, the White House announced the Economic Opportunity Coalition, a solid step to help underserved communities. The federal government and a coalition of 24 companies and foundations are aligning historic investments in underserved communities. The EOC members have made significant commitments across each of its four focus areas, including a number of investments since

Small Business Lending UDAAP Protections!

Thanks to our colleagues Amyra Hassan and Louis Caditz-Peck (Lending Club and CAMEO board member) of the Responsible Business Lending Coalition for this post. Exciting news! Last year, you joined the Responsible Business Lending Coalition in a comment letter supporting the California Department of Financial Protection’s (DFPI) efforts to provide financial protection for small businesses. That letter

Final 2022-23 State Budget (AB/SB 178/193) for Small Business

Whew we are halfway through 2022! This year Governor Newsom and the state legislature have given us plenty to be proud of as the final budget for the 2022-23 year awaits the final vote and signature. At the same time, the budget falls short in several places. The good news is that the state is