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Blog

Category: News

News

Main Street Launch Supports African American Entrepreneurs in Bay Area with Wells Fargo Grant

A 2019 recipient of the Wells Fargo Diverse Community Capital program’s Activator grant, OFN member Main Street Launch is directing grant proceeds toward…

January 27, 2020
News

Change of Course from Consumer Financial Protection Bureau Could Help Home Buyers

Earlier this month, Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger informed Members of the U.S. Senate Banking Committee that the Bureau…

January 27, 2020
News

Data.org To Launch $10 Million Impact Challenge

At the World Economic Forum in Davos on January 23, The Rockefeller Foundation and The Mastercard Center for Inclusive Growth announced the relaunch of data.org, a partnership…

January 24, 2020
News

American Banker Highlights CDFI Concerns About CRA Reform

On January 23, American Banker published an article entitled “Far from cheering CRA reform, CDFIs are worried,” which highlights how community development financial institutions…

January 24, 2020
News

Helpful Resources on the New CRA Proposal

Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly…

January 9, 2020
News

Alternative Approach to CRA Modernization Articulated by Federal Reserve Board Governor

Yesterday, Federal Reserve Board Governor Lael Brainard gave a speech at the Urban Institute outlining a vision for reforming the Community Reinvestment Act (CRA)…

January 9, 2020
News

Social Impact Investing Panel at World Bank to Focus on CDFIs

On Wednesday, January 29, OFN SVP of Financial Services Andrea Longton will participate in a conversation at the World Bank Visitor Center in Washington, D.C., with…

January 7, 2020
News

OFN FY 2018 Inside the Membership Report Now Available

OFN’s latest “Inside the Membership” report provides FY 2018 information on 239 of the more than 270 CDFIs that make up OFN’s membership. The vast…

January 2, 2020
News

Congress Approves $262 Million for CDFI Fund and Extends New Markets Tax Credit

The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million…

December 21, 2019
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