Treasury begins review of CDFIs for alleged violations
The Treasury Department announced it has begun a review of certified community development financial institutions to identify potential legal violations ...
Tag: CDFI
Bankers seek to communicate MDI value at D.C. summit
Representatives from minority depository institutions gathered in Washington, D.C, this week for the fifth annual MDI Partnership Summit, where they ...
Senators press Bessent on proposed CDFI Fund cuts
Treasury Secretary Scott Bessent faced questions from senators on both sides of the political aisle about the administration’s proposed budget ...
Senators seek at least $324M for CDFI Fund
Forty-three senators are asking their colleagues to set aside at least $324 million for the CDFI Fund and require those ...
Treasury issues new citizenship, anti-discrimination requirements for CDFI Fund awards
The Treasury Department proposed new rules to prevent CDFI Fund awards from being used to support individuals in the U.S. ...
Trump administration proposes slashing CDFI Fund budget
The Trump administration is once again seeking to shrink funding for the CDFI Fund and redirect the remaining monies to ...
CDFI Fund extends application deadlines to April
The CDFI Fund has extended the application deadlines for financial assistance and technical assistance awards to April because of last ...
ABA backs Senate bill to bolster CDFI Fund
A proposed Senate bill would strengthen the CDFI Fund through added transparency, the expansion of responsible access to capital and ...
New York Fed reports ‘modest decline’ in CDFI numbers, assets
After rising for more than a decade, the number of community development financial institutions and their total assets experienced a ...
Bessent fields lawmaker questions on crypto and deposits, CDFI Fund
In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no ...
