CDFIs

A report quietly released by the Treasury Department says there is “clear evidence” that a program President Trump wants to cut helps recipients provide financial services to the most underserved communities.

Credit unions in Alabama and Louisiana announce conversion to first-ever core system designed specifically for CDFIs.

A total of $2 million in grant funding will be available through the regulator's Office of Small Credit Union Initiatives.

Despite an effort by the Trump administration to defund government aid for community development financial institutions, the Senate approved a budget deal that included $258 million in funding for the CDFI fund.

The $248 million for the CDFI Fund is a defeat for President Trump, who had proposed scrapping the fund entirely in his initial budget proposal.

At a minimum, federal lawmakers should fully fund the Community Development Financial Institutions Fund and support the CDFIs that provide economic opportunity where it is needed most.

Atlanta's Westside neighborhood is one of the most underbanked regions in the country, but a new collaboration between Equifax and the National Federation for CDCUs aims to tackle that head on.

A Trump administration budget proposal to end federal funding for community development financial institutions would push small businesses to high-risk, high-cost lenders.

Credit unions have long been the beneficiaries of the Community Development Financial Institution grant program and are loathe to see it nixed.

Comptroller of the Currency Thomas Curry on Wednesday expressed support for community development financial institutions, even as the Trump administration is seeking to cut all government funding for them.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.