CDFI Announces 2021 Small Dollar Loan Program Awards
The Community Development Financial Institutions Fund today awarded more than $10.8 million in grants through the 2021 Small Dollar Loan ...
Tag: Minority depository institutions
FDIC Launches Mission-Driven Bank Fund
The FDIC today launched its new mission-driven bank fund, through which private investors—including corporations, financial institutions and philanthropic organizations—have the ...
FDIC’s McWilliams Touts Agency’s Forward Looking Initiatives
Despite the pandemic, the FDIC has not lost sight of its forward-looking initiatives, FDIC Chairman Jelena McWilliams said today during ...
Getting Started with CDFI and MDI Partnerships
Creating more options for banks of all sizes to reach underserved communities.
Accessing the PPP: How Equitable Was the Paycheck Protection Program?
Lessons learned from the biggest small business rescue in U.S. history.
FDIC Updates Statement of Policy on MDIs
The FDIC board today voted to approve an update to its policy statement on minority depository institutions. The statement of ...
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 ...
SBA: PPP Funds Exhausted for All But CDFIs, MDIs
The Small Business Administration today informed trade associations that Paycheck Protection Program funding has been exhausted and that the PPP ...
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 ...
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, ...
