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: Community development
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 ...
Study: CDFI microloans lead to better business outcomes for borrowers
A recent study of community development financial institution small-dollar loans to microbusinesses found that most borrowers improved their business outcomes, ...
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 ...
Bill seeks to boost FHLB member funding of community development projects
Lawmakers in the Senate and House have introduced bipartisan legislation to eliminate a regulatory hurdle for Federal Home Loan Bank ...
Bankers share ideas for strengthening communities in new report
The ABA Foundation unveiled a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial ...
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.
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