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 ...
Tag: CDFI
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 ...
Bessent questioned by lawmakers on tailoring regulation, CDFI Fund
Treasury Secretary Scott Bessent reiterated the Trump administration’s push for regulatory tailoring during a sometimes contentious congressional hearing that touched ...
Congress budgets $342M for CDFI Fund in 2026
Lawmakers have agreed to budget $324 million for the Community Development Institutions Fund in fiscal year 2026, which would maintain ...
