CDFIs

Let’s rethink how CDFIs are examined

12/03/19

These community development-focused banks need tailored regulations to expand their purpose in helping underserved areas.

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Waters, Harris unveil plan to invest over $200B in affordable housing

11/21/19

The House Financial Services chair is sponsoring a bill with one of the Democratic presidential contenders aimed at alleviating the public housing capital backlog.

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Is time running out to save black-owned banks?

11/14/19

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.

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Tribes push for historic carve-out in CRA reform plan

09/02/19

Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities.

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Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

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Banks explore ways to capitalize on tax law's 'Opportunity Zones'

03/26/19

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

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Setting the record straight on CRA reform

03/25/19

Robust public discussion from a diverse array of stakeholders has informed regulators working to reform the Community Reinvestment Act, but it has also included some misleading claims, writes a top OCC official.

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BofA pledges additional $50 million to Tory Burch's program for women

03/07/19

The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.

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The border wall fight is killing chances of year-end banking reforms

12/14/18

As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.

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Wannabe commercial lenders get taste of read-world banking

08/31/18

Finance students at Marquette University will make loans to small businesses in Milwaukee from a revolving fund seeded by Town Bank and held on the books of a local CDFI.

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