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Blog

Category: News

News

Policies to Require Transparency in Small Business Lending Gain Momentum

In recent months, policymakers at the federal and state level have made strides to provide greater transparency and oversight of the small…

October 14, 2020
News

CFPB Moves Forward on Small Business Lending Data Collection Rule

More than a decade after the passage of the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) is moving towards a rulemaking…

October 14, 2020
News

CDFI Fund Proposes Substantial Changes to Certification Application

The CDFI Fund is accepting comments on the proposed changes to the CDFI certification application, the first major changes in certification policy since the…

October 14, 2020
News

OFN Members Receive $110.5 Million from the CDFI Fund

On September 24, the Community Development Financial Institutions Fund (CDFI Fund) awarded $204.1 million in grants and loans to 397 community development…

September 24, 2020
News

New Native CDFI Online Community Launches on CDFI Connect

OFN and Jackson Brossy, Native CDFI Network executive director, have partnered to create the new Native CDFIs Community on the CDFI Connect online platform….

September 24, 2020
News

Federal Reserve Releases Community Reinvestment Act Reform Proposal

On September 21, the Federal Reserve Board of Governors voted unanimously to release their proposal to reform the Community Reinvestment Act (CRA) regulations. While…

September 24, 2020
News

OFN Member PCDC Launches COVID-19 Community Health Care Resiliency Fund

OFN member Primary Care Development Corporation (PCDC) and Community Health Care Association of New York State (CHCANYS) have announced the COVID-19 Community Health Care Resiliency Fund to help community…

September 22, 2020
News

Forbes Article Highlights Google Partnership with CDFIs

In a Forbes exclusive feature published September 17, Ruth Porat, CFO of Alphabet & Google, talks about Google’s support for small businesses and the company’s…

September 17, 2020
News

OFN President Addresses CDFI Fund Community Advisory Board

On August 27, the CDFI Fund’s Community Advisory Board held a virtual meeting where OFN President and CEO Lisa Mensah spoke to the group, joining leaders…

September 1, 2020
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