FDIC-insured depository institutions seeking CRA credit opportunities may be eligible to apply for funding to further impact the distressed communities they serve. On March 31, 2023, the Department of ...

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that CDFI advocates say provides much-needed updates to ...

Credit unions serving low-income populations are increasingly letting their CDFI certification lapse. But they’re not retreating from their mission.

A bipartisan group of U.S. senators is urging the Trump administration to release $324 million in funding that was already approved to help small businesses and communities in poor and rural areas.

ANAHEIM, Calif.--(BUSINESS WIRE)--Change Lending, LLC (“Change”) announced today that it has entered into a global settlement agreement with the United States Department of Treasury, Community ...

While loan funds accounted for the majority of ordained organizations, credit unions held more than 66% of all assets. Banks held roughly 26% and loan funds held 8%. The community development ...

The borough's first CDFI will expand access to capital for businesses and organizations serving low- and moderate-income ...

GLENDALE, Calif., May 24, 2023 /PRNewswire/ -- California Credit Union announced today that it has been certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury ...

SAN DIEGO, May 24, 2023 /PRNewswire/ -- North Island Credit Union announced today that it is the first credit union in San Diego County to receive certification as a Community Development Financial ...

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