Clippings

Global Banking News reports, The Wachovia Foundation and The John D. and Catherine T. MacArthur Foundation are funding the second annual round of the Wachovia NEXT Awards for Opportunity Finance.

The Community Investment Network reports, Opportunity Finance Network (OFN) today announced the second annual round of the Wachovia NEXT Awards for Opportunity Finance - an awards program totaling $8.35 million for responsible lenders across the United States known as community development financial institutions (CDFIs). The awards are presented by Opportunity Finance Network and funded by The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation.

The Charlotte Business Journal reports, The Wachovia Foundation and The John D. and Catherine T. MacArthur Foundation are funding the second annual round of the Wachovia NEXT Awards for Opportunity Finance.

El Sentinel reports, La Cooperativa Comunitaria Latina de Crédito (CCLC), la primera institución financiera latina bilingüe del estado de Carolina del Norte, recibió un premio nacional y fondos para impulsar el programa de préstamos.

SocialFunds.com reports, ACCION Texas and the Latino Community Credit Union were awarded the Wachovia NEXT Awards for Opportunity Finance on December 12th in Miami, FL. The two community development financial institutions (CDFIs) will split $8.25 million in grants and awards. The awards were presented by Wachovia Bank and Opportunity Finance, in partnership with the John D. and Catherine T. MacArthur Foundation.

Philanthropy News Digest reports, The Wachovia and John D. and Catherine T. MacArthur foundations have announced cash prizes totaling $8.25 million to the first two winners of the Wachovia NEXT Awards for Opportunity Finance.

Newsweek reports, How Bush administration is mismanaging the subprime crisis.
The Federal Reserve and the Federal Emergency Management Agency would seem to have very little in common. One is a respected professional organization, led by highly credentialed economists, that is charged with promoting price stability and full employment.

Charlotte Business Journal reports, The Wachovia Foundation and the John D. and Catherine T. MacArthur Foundation have funded an $8.25 award for community-development financial institutions.

MSN Money reports, ACCION Texas earns national Wachovia award for microlending practice San Antonio microlender. ACCION Texas has been selected to receive $2.75 million from the national Opportunity Finance Network.

Portfolio.com reports, ACCION Texas earns national Wachovia award for microlending practice. San Antonio microlender ACCION Texas has been selected to receive $2.75 million from the national Opportunity Finance Network.