CDFI Fund received $1.55B in funding requests in 2024
A total of 948 organizations from across the U.S. requested a combined level of approximately $1.55 billion in awards from...
Policy
CFPB clarifies plans to recognize standard-setting organizations
Before the CFPB finalizes its proposed rulemaking on personal financial data this fall, it will first codify what attributes an...
ABA backs legislation to spur new bank creation
A proposed bill seeks to spur new bank creation by easing federal capital requirements during their first few years of...
ABA Op-ed: Credit unions’ top regulator sounds alarm, but is Congress listening?
It has been two decades since Congress held a hearing on the credit union industry, even as the industry’s top...
ABA urges Basel Committee to rethink proposed climate disclosures
Citing inconsistencies with the Basel Committee on Banking Supervision’s regulatory capital framework and its recent guidance on climate risk disclosures,...
White House requests $325M for CDFI Fund
The Biden administration is requesting $325 million for the Community Development Financial Institutions Fund in its proposed budget for fiscal...
‘Get inside and get engaged’
Meet Virginia banker Gary Shook, chair of ABA’s Government Relations Council
ABA, associations support legislation to stop DOL overtime proposal
ABA recently joined 101 national, state and local industry trade associations to express support for H.R. 7367, the Overtime Pay...
OCC’s Hsu: Banking agencies considering changes to operational resilience requirements
Banking regulators are considering what changes to the U.S. operational resilience framework may be appropriate as the risk for a...
Raghavan begins tenure as CDFI Fund director
The Community Development Financial Institutions Fund announced that Pravina Raghavan has started her tenure as director of the program.
