Latest News
Finextra
Finextra did a media roundup of the ongoing debate over CDFI funding, tracing the conflict from OMB's withholding of already-appropriated funds to the administration's proposed $204.5 million cut — and the strong bipartisan pushback from lawmakers in both chambers who argued CDFIs remain critical to rural, tribal, and underserved communities. The piece concluded that efforts to significantly cut or dismantle CDFI funding appeared to have stalled for at least another year, with recent Senate GOP...
Bloomberg Law
The Consumer Financial Protection Bureau sent supervisory questionnaires at the direction of political appointees to at least four CDFI loan funds that had not previously been subject to CFPB oversight. The article said it was unclear whether the questionnaires are related to the Treasury Department’s announcement late last month that it would investigate CDFIs for “predatory practices,” but noted that the Trump administration has attempted to end CDFI programs and has repeatedly delayed release...
CDFinance Policy
Finextra
Finextra did a media roundup of the ongoing debate over CDFI funding, tracing the conflict from OMB's withholding of already-appropriated funds to the administration's proposed $204.5 million cut — and the strong bipartisan pushback from lawmakers in both chambers who argued CDFIs remain critical to rural, tribal, and underserved communities. The piece concluded that efforts to significantly cut or dismantle CDFI funding appeared to have stalled for at least another year, with recent Senate GOP...
POLITICO
The House passed the 21st Century ROAD to Housing Act by a vote of 396-13, sending the White House-backed bill back to the Senate with a package of 12 community banking provisions championed by House Financial Services Chair French Hill — including measures on brokered deposits, supervisory testing, and bank formation — alongside language restricting institutional investors from purchasing single-family homes, though without the Senate's original requirement that build-to-rent homes be divested...
