About Democratizing Finance
Reviews of Democratizing Finance
Raises provocative, philosophical questions about what we’ve cumulatively learned over the years… magisterially thorough and thoughtful—and timely given renewed calls to defund the CDFIs. A remarkably incisive history and a wonderfully relevant contribution to an ongoing debate.-- Kirkus Reviews
"This book is a master work on the history of community development finance.... Too few people know of the amazing accomplishments of the affordable housing, community development and community development finance fields. Clifford Rosenthal is changing that."
– From the Foreword by David Erickson Director, Federal Reserve Bank of San Francisco
"Clifford Rosenthal has written a thorough, insightful and, yes, fascinating history and analysis of what we now know as the CDFI field....This book is a huge contribution to the field of community development finance. I highly recommend it to anyone who really wants to understand what the field is all about."
– Michael Swack, Director and Professor, Center for Impact Finance Carsey School of Public Policy, University of New Hampshire
"This is the best history on how micro-lending became mainstream in America in the 1990s. If you want to understand how the Federal government got involved this is the right place to look. "
– Amazon Reviewer
About Clifford N. Rosenthal
Clifford Rosenthal cofounded and for two decades served in the leadership of the CDFI movement. As president of the National Federation of Community Development Credit Unions and later as the first director of the Office of Financial Empowerment of the Consumer Financial Protection Bureau, he devoted his career to bringing financial services to low-income and minority communities. His first career was as a Russian historian and translator.
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Los Angeles, CA
September 16, 2019
October 23, 2019