Chair’s View: Beacons of hope
Banks represent the aspirations of their communities by providing credit to materialize the visions of so many citizens and organizations.
Tag: Community development
Senate draft bill budgets $324M for CDFI Fund
The Senate Appropriations Committee has released a draft spending bill that allocates $324 million for the CDFI Fund in fiscal ...
Trump administration rescinds CDFI Fund staff layoffs
The Trump administration has rescinded reduction-in-force notices sent to the employees of the CDFI Fund during the government shutdown.
Banking agencies release CRA data on small-business, small-farm lending in 2024
About 9.1 million small-business loans totaling nearly $276.6 billion were reported in 2024. As for small-farm loans, about 197,000 small-farm ...
House Democrats express ‘deep concern’ about cuts at CDFI Fund
The CDFI Fund and the institutions it serves are “an essential and vital source of capital and financial services to ...
Republican lawmakers urge Trump officials to preserve CDFI Fund
More than 100 Republican lawmakers have signed a letter requesting the Trump administration continue to carry out the statutory obligations ...
Fed’s Barr: CDFIs help local economies grow
Federal Reserve Governor Michael Barr praised the work of community development financial institutions and the CDFI Fund, saying it is ...
ABA, associations urge Trump administration to retain CDFI Fund staff, funding
It is important that the CDFI Fund maintain appropriate staff and funding to continue its mission, ABA and five banking ...
Lawmakers defend CDFI Fund after staff layoffs
In related news, a federal judge issued a temporary restraining order preventing the Trump administration from firing more than 4,000 ...
ABA Foundation announces 2025 Community Commitment Award Winners
The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories.
