In this Must Know…
- Support AB 2116 at our 2026 California Advocacy Day! Register by TOMORROW to have CAMEO Network arrange your legislative meetings.
- SCALE Small Business Spotlight Road Tour in San Bruno, CA
- Member Kudos: SF New Deal Is a 2026 CA Nonprofit of the Year
- Executive Order on Know Your Customer Requirements
- This week’s Goodie Highlight is RISE Economy’s survey to understand the impact of the CFPB’s regulatory update that threatens the future of Special Purpose Credit Programs.
Take Action: Two Opportunities to Support AB 2116
As you know, AB 2116 (Schiavo) passed the California Assembly Appropriations Committee last week, sending it to the Assembly Floor next. Help us push this bill through the Assembly! Sign on to our letter of support.
After the Assembly, the bill will be heard in the Senate Banking Committee on June 8, making our 2026 Advocacy Day (June 1-2) the perfect opportunity to champion this legislation directly with Senators’ offices! Register by TOMORROW to have us arrange your meetings.
Not sure what to expect or how to make the most of your meetings? Join our free Advocacy Day Prep Webinar on May 27 at 2:00pm PT, where we’ll walk you through the issues, talking points, and tips for effective legislative advocacy.
SCALE Road Tour: San Bruno
When Tania Martinez and Carlos Vazquez had the opportunity to become business owners, they were excited but unsure where to begin. During last week’s SCALE Road Tour stop at C&C Auto Refinishing in San Bruno, we learned how Renaissance Entrepreneurship Center and Working Solutions CDFI helped support their entrepreneurial journey through California’s SCALE program. Read their story on the CAMEO Network blog.
Member Kudos: SF New Deal is a 2026 CA Nonprofit of the Year
To mark California Nonprofits Day (May 20), California state legislators have selected a 2026 Nonprofit of the Year from their districts. District 17 Assemblymember Matt Haney has honored CAMEO member SF New Deal. Congratulations! 🎉
Do you have good news to share about your organization? Let us know and we can share it in a future Must Know!
Executive Order on Know Your Customer Requirements
President Trump’s recent Executive Order directs federal regulators to strengthen Know Your Customer frameworks under the Bank Secrecy Act. The order introduces new compliance considerations for lenders: immigration status and ITIN usage may now trigger enhanced due diligence, foreign consular IDs are flagged as risk factors, and certain payroll and cash transaction patterns could be flagged as suspicious activity.
The Goodies
For Your Clients
- Kitchen Table Advisors’ recent blog post offers a roundup of tools to support agricultural businesses.
- Bet Tzedek is hosting a webinar on Employment Basics on June 17, 2026 at 10:00am PT as part of their Small Business Compliance and Legal Foundation Series.
Funding Opportunities
- The SBA’s Manufacturing in America E2G Grant Initiative offers grants to organizations providing technical assistance to small manufacturers. Applications are due June 15, 2026.
- Applications are due TOMORROW for OFN’s Interest Rate Buydown Pilot Program for CDFIs with term sheets for higher-rate debt opportunities.
Free Webinars
- Join AMIBA on June 11, 2026 at 10:00am PT / 1:00pm ET for a webinar on The Main Street Journal‘s recent Report Card on the U.S. Local Economy Movement.
- Join CalOSBA on May 28, 2026 at 12:00pm PT for a webinar to announce the launch of the second round of California Regional Initiative for Social Enterprise (CA RISE) programming.
Other Goodies
- Take Action: The CFPB recently weakened protections intended to prevent discrimination in lending and threatens the future of Special Purpose Credit Programs. Take Rise Economy’s survey to help understand how these changes will affect your organization and community.
- Jobs: Teed the Hunger Fund, Working Solutions CDFI, and Main Street Launch announced new jobs recently. See who else is hiring!