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The CDFI Fund is a proven successful public-private partnership model for maximizing impact while minimizing government expense, two organizations representing bank and credit union state regulators said.

Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius Act in the Senate Banking Committee. What is the current policy and technology landscape on stablecoins?

Twenty-three senators from both parties have signed a joint letter expressing their support for the CDFI Fund after President Trump directed the program to scale back staffing and operations.

As the nation works to strengthen the economy, the CDFI Fund is a proven and effective vehicle that directly supports key priorities laid out by the Trump administration, ABA and seven associations said.

The Trump administration recognizes the important role that the CDFI Fund plays in expanding access to capital, and CDFIs are a key component in promoting Main Street business development, Treasury Secretary Scott Bessent said in a statement.

MetroCity Bankshares has agreed to buy First IC Corp. in Georgia. Planters Holding has agreed to buy BSJ Bancshares in Louisiana.