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Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic…

In early December, The Aspen Institute and the Microfinance Impact Collaborative announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will…

This past July, philanthropist MacKenzie Scott shared an update on her pledge to donate a majority of her wealth. She listed 116…

OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform…

As the year comes to a close, Congress continues to negotiate legislation to provide much-needed COVID relief but has yet to vote…

As the 116th Congress draws to a close, House Small Business Committee Chairwoman Nydia Velazquez (D-NY) continues to advance legislation that would enhance…

The Finance Justice Fund is now open for applications from OFN member CDFIs! Announced on November 12 during the 2020 OFN Virtual Conference, the Finance Justice Fund…

In OFN’s most recent round of Grow with Google Small Business Fund loans and Google.org-funded grants, four CDFIs have received a total of $8.5 million…

On December 9, CDFI Fund Director Jodie Harris announced that CDFIs that made PPP loans outside their approved target market(s) during calendar year 2020 will not…