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.
Two major newspaper editorial boards slam proposed 10% credit card rate cap
A proposed 10% cap on credit card interest rates would harm consumers by making credit less accessible and have negative consequences for businesses of all sizes, the Washington Post and Wall Street Journal wrote in separate editorials.
