Community Banking

ABA, Trade Groups Oppose ‘Rescission’ Cuts to CDFI Funding

ABA and three other trade groups today urged House and Senate appropriations leaders to oppose the Trump administration’s $15.4 billion rescissions proposal, which would seek to claw back $23 million from the Bank Enterprise Award Program and $151 million from the Capital Magnet Fund.

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Ryan Confirms House Will Vote on S. 2155

The House will vote on S. 2155, the bipartisan financial regulatory reform bill advanced by the Senate in March, while the Senate will take up a set of bills passed by the House Financial Services Committee, according to an agreement announced by House Speaker Paul Ryan (R-Wis.) today.

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