The Community Development Financial Institutions Fund this week issued a notice inviting applications for the 2021 Small Dollar Loan Program, a program that provides grants for loan loss reserves to enable a certified CDFI to establish a loan loss reserve fund to help defray the costs of establishing or maintaining a small-dollar loan program. It also provides technical assistance for technology, staff support and other eligible activities related to small-dollar loan programs. The notice provides details on program application deadlines.
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s rules that, among other things, gave its director authority to resolve adjudication hearings overseen by the agency.