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Federal Reserve Bank of Richmond: "Community Development Financial Institutions as a Means to Overcome Market Failures"
May 15, 2026
RICHMOND, Virginia, May 15 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-14) in May 2025 by Surekha Carpenter and Borys Grochulski entitled "Community Development Financial Institutions as a Means to Overcome Market Failures".

Here are excerpts:

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Community development financial institutions (CDFIs) are financial firms whose primary mission is to provide financial products and services to low- an . . .

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