Tag Archives: community development

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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ABA, Trade Groups Urge Support for CDFI Funding

ABA and three other trade groups on Friday urged House and Senate appropriations leaders to support $275 million in funding for the Community Development Financial Institutions Fund in fiscal year 2019, with at least $35 million allocated for the Bank Enterprise Award Program.

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ABA Urges Modernization of CRA Regulatory Practices

As part of ABA’s long-term engagement with the Treasury Department and financial regulators on the Community Reinvestment Act, the association today sent a white paper to Treasury with several recommendations for modernizing the regulatory approach to CRA.

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