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.
Tag: Community development
Report: Trump administration to lay off CDFI Fund staff
The Trump administration will lay off CDFI Fund staff in December as part of a series of federal workforce reductions ...
CDFI Fund revises climate, race considerations in application process
The Treasury Department issued a revised application process for the CDFI Fund that removes climate-focused financing and amends race-based considerations ...
ABA: Proposed reporting changes could harm CDFI Fund mission
A proposal to require CDFI Fund recipients to report certain supervisory violations risks blurring the separation between regulatory oversight and ...
ABA urges agencies to rescind 2023 CRA rule, make process improvements
ABA expressed support for rescinding the 2023 Community Reinvestment Act final rule and reinstating the 1995 rule, saying that while ...
Fed survey: CDFIs planning for growth despite uncertainty
Many CDFIs are planning to expand in the near future despite resource challenges and uncertainty about government policy, according to ...
ABA Foundation launches guide for nonprofits on forming bank partnerships
The American Bankers Association Foundation released a new resource for nonprofit organizations on how to establish and maintain bank partnerships.
Douglas named acting director of CDFI Fund
The Treasury Department named Dietrich Douglas as acting director of the CDFI Fund following the resignation of Director Pravina Raghavan.
House lawmakers propose trimming CDFI Fund
House lawmakers are proposing to reduce funding for the CDFI Fund below current levels, although not as drastically as recommended ...
Research finds finance industry leads in corporate social responsibility
Financial institutions are at the forefront in volunteering engagement at 22.2%, nearly a 50% increase from 2023.
