The continuing relevance of CDFIs Although in some sense the mission of CDFIs is to make themselves unnecessary, I expect that the knowledge and good will that they have accumulated in local communities will continue to make them relevant. For example, I mentioned earlier the loan pricing disadvantages faced by members of minority groups that have appeared in the HMDA data.
Although some people in the industry believe that it escaped relatively unscathed from the global financial crisis, and therefore has nothing to learn from the recent experience of the conventional industry, I do not share this point of view.