{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Clifford Rosenthal, Democratizing Finance author","description":"Jennifer Tankard interviews Cliff Rosenthal who has been an influential leader in the United States' community finance movement for two decades. Cliff is the author of the new book, Democratizing Finance - Origins of the Community Development Financial Institutions Movement. In this fascinating and wide ranging discussion, Jennifer asks Cliff about: \u2022 the origins of the movement since Benjamin Franklin's endowment of revolving loan funds in 1790, \u2022 President Clinton's progress after his campaign promise to launch 100 community development banks and 1000 micro enterprise programmes, \u2022 whether CDFIs fulfilled initial expectations to become full service community banks \u2013 they have had transformative social effects but not transformed banking - why not? \u2022 why there's been a "lamentable" decline in the number of banks and credit unions that serve minority communities \u2022 whether CDFIs can really tackle the level of financial exclusion faced by people in America, \u2022 cross-Atlantic learning about regulating payday lenders, \u2022 CDFIs in America often finance large and complex projects \u2013 what can we learn about managing risks? \u2022 two specific dilemmas for community development finance institutions in the USA which are especially relevant to the UK's responsible finance providers, \u2022 as finance becomes increasingly complex and technical, does democracy of finance really matter and is it possible? \u2022 what actions are taking place to improve diversity in CDFIs' leadership? \u2022 could opening up publicly-owned banks in order to solve the cannabis banking problem generate funding for public investment? \u2022 the future for the sector given the challenging political environment, \u2022 the basis of Cliff's "considerable optimism" for the future of community development finance in the USA, despite the countering forces whether payday lenders or budgetary austerity. ","author_name":"The Responsible Finance Podcast","author_url":"http:\/\/responsiblefinance.libsyn.com\/website","html":"