FDIC unveils updated financial inclusion strategic plan
The FDIC has released an updated financial inclusion strategic plan that calls on the agency to take steps to encourage ...
Tag: Community development
White House requests $325M for CDFI Fund
The Biden administration is requesting $325 million for the Community Development Financial Institutions Fund in its proposed budget for fiscal ...
Raghavan begins tenure as CDFI Fund director
The Community Development Financial Institutions Fund announced that Pravina Raghavan has started her tenure as director of the program.
CDFI Fund seeks comments on New Markets Tax Credit allocation application
The CDFI Fund and Treasury Department announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation ...
Podcast: MDI status helps a mutual bank supercharge its strategy
Late in 2023, Warsaw Federal -- a $71 million mutual savings and loan in Cincinnati -- was officially designated as ...
CDFI Fund unveils new application process
The Community Development Financial Institutions Fund today released a “considerably revised” process for an organization to apply to become a ...
ABA urges lawmakers to support creation of CDFI investment tax credit
ABA expressed support for a proposed bill to create a tax credit for investments in community development financial institutions and ...
Banking at the intersection of mission and opportunity
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
Coalition urges Congress to permanently extend New Markets Tax Credit
ABA, seven state bankers associations and multiple banks joined more than 700 organizations in a letter urging President Joe Biden ...
Senators propose CDFI tax credit
A bipartisan group of senators introduced an ABA-backed bill to create a community development financial institutions tax credit for private ...
