CREDIT BUILDERS ALLIANCE INC

2.innovations cba incubates a number of emerging and innovative credit building initiatives that advance its theory of change: building credit is part of the asset building pathway to improved financial stability and mission driven nonprofits are uniquely positioned to help the low-income households they serve build credit as an asset. In 2024 in particular, cba continued or newly catalyzed: a.rent reporting for credit building in 2015, cba formally rolled out its rent reporting for credit building service upon successful completion of a pilot focused on helping affordable and public housing providers report their residents' rental payments as a credit building strategy. In 2024, cba continued to support organizations interested in setting up rent reporting programs via its rent reporting center, which functions as a one-stop shop to locate all information related to rent reporting. Cba staff additionally provide implementation support to several cohorts of affordable housing providers and advise policymakers on best practices in rent reporting. B.cba symposium in 2014, cba offered its first ever and incredibly powerful credit building symposium. Due to popular demand the credit building symposium has since become an annual event. The symposium is intended to be a dialogue between nonprofit organizations involved in credit building and those corporate entities whose business practices include credit reporting, credit scoring and/or credit granting. Cba's goal is to broker more discussion between these two connected industries with the intent of continuing to bridge gaps in understanding and strengthening bonds in the credit reporting arena. An overarching theme for the symposium every year is the linkage between the work being done in the credit building field and that of the broader issues of income inequality, poverty reduction, and asset building. The symposium also offers our members and other credit building industry stakeholders a great opportunity to learn and build relationships. In 2024, cba's credit building symposium engaged stakeholders from across the country with 350 registrants c.other field building efforts cba created the financial equity conversations (fec) event series to bring together nonprofit practitioners, financial services and technology companies, policymakers, and consumers to discuss challenges in access to credit and banking. Cba held three fec events in queens, ny; dallas, tx; and los angeles, ca. Cba worked with kaiser permanente to offer the first of three building credit, building health convenings. These events bring together credit professionals and health care practitioners to increase cross-industry knowledge of the credit and health challenges that low- and moderate-income individuals face.