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15 October 2020

Impactful Conversations: Discussing Community Development Financial Institutions (CDFIs)

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Morrison & Foerster LLP

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Known for providing cutting-edge legal advice on matters that are redefining industries, Morrison & Foerster has 17 offices located in the United States, Asia, and Europe. Our clients include Fortune 100 companies, leading tech and life sciences companies, and some of the largest financial institutions. We also represent investment funds and startups.
An Interview with Bulbul Gupta at Pacific Community Ventures
United States Finance and Banking
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An Interview with Bulbul Gupta at Pacific Community Ventures

In this episode of Impactful Conversations, Michael Santos, a social enterprise and impact investing associate in Morrison & Foerster's San Francisco office, interviews Bulbul Gupta, the president and CEO of Pacific Community Ventures (PCV), a Community Development Financial Institutions (CDFI) fund based in Oakland, California.

Bulbul explains her road to the position and how CDFIs were born of an effort to help rectify "the incredible discrimination, systemic racism and redlining in the financial industry against black and brown communities."

"We tell our small business owners that we're here when banks and SBA lending fails them," she said.

Find out what Bulbul was surprised to learn is not a metric required for CDFI certification, and learn about the business advising program the Bulbul says sets PCV apart from other CDFIs.

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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