The Treasury Department’s Community Development Financial Institutions Fund is announcing $23 million in funding for the fiscal year 2017 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities. The BEA program is the only program to which CDFI banks have had regular access in recent years. The first deadline in the application process for BEA funds is Nov. 16 and the final application deadline is Nov. 30.
FOMC minutes show divide on rate cuts
While most Federal Open Market Committee members voted to trim the federal funds rate at their September meeting, some said they would have supported holding it steady while the newest member argued for a deeper cut, according to...