Building Capacity of Lenders to the Underserved
With applications due in July, here’s what CDFIs and minority banks need to know about the Treasury Department’s new emergency ...
Tag: Community development
Several Core Providers to Cover Cost for MDIs to Join RTP Network
The Clearing House, Jack Henry, FIS and Fiserv announced today that they will cover the cost for minority-owned depository institutions ...
Powell: Broad Effort Needed for All to Benefit from Economic Recovery
The Federal Reserve is focused on addressing “long-standing disparities” in unemployment, “because they weigh on the productive capacity of our ...
CDFI Fund Opens Applications for 2021 Small Dollar Loan Program
The Community Development Financial Institutions Fund this week issued a notice inviting applications for the 2021 Small Dollar Loan Program, ...
McWilliams Previews FDIC’s ‘Mission-Driven Bank Fund’ to Support CDFIs, MDIs
The FDIC is setting up a Mission-Driven Bank Fund to help support minority depository institutions and community development financial institutions, ...
Banking Agencies to Allow Treasury’s Emergency Capital Investments to Count as Bank Capital
The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial ...
Agencies Update FAQs on Coronavirus, CRA Activities
The banking agencies today updated a list of frequently asked questions related to the Community Reinvestment Act and the coronavirus ...
Pandemic Spotlights Critical Links Between Childcare and the Economy
Bankers and CDFIs partner with nonprofits to keep childcare businesses open—especially for America’s vulnerable essential workers.
Treasury Announces $9 Billion Investment in CDFIs, MDIs
The Treasury Department today announced that it will invest $9 billion in community development financial institutions and minority depository institutions ...
CDFI Fund Accepting Applications for COVID-19 Response Grants
The Treasury Department’s Community Development Financial Institutions Fund today announced the opening of the fiscal year 2021 funding round for ...
