Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s.

Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. Its parent company, The Change Company CDFI, remains as one of the certified program originators. 

The CDFI certification is a designation given by the U.S. Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers details ⇒

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