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Blog

Category: News

News

OCC, FDIC Announce Extension of CRA Reform Public Comment Period

On February 19, the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) extended the public comment period for proposed…

February 25, 2020
News

20 OFN Members Receive Grants for Affordable Housing

On February 25, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced 38 recipients of the FY 2019 Capital…

February 25, 2020
News

Weigh in on the Future of the Community Reinvestment Act

The March 9 deadline is fast approaching for members of the public to submit comments to the Office of the Comptroller of the Currency (OCC) and…

February 10, 2020
News

BlueHub Loan Fund Secures $75 Million in Inaugural Public Bond Issuance

OFN member BlueHub Loan Fund announced on January 31, 2020, that it has completed its first public debt offering, a $75 million Sustainability Bond—$56.25 million…

February 10, 2020
News

Representative DeSaulnier Introduces Equitable Transit Oriented Development Act

On February 7, Representative Mark DeSaulnier (D-CA) introduced the Equitable Transit Oriented Development Act (H.R. 5783), which would make community development financial…

February 9, 2020
News

Congress Holds Hearings on OCC-FDIC Community Reinvestment Act Reform Proposal

On January 29, Comptroller of the Currency Joseph Otting appeared before the House Financial Services Committee for a contentious hearing entitled “The Community Reinvestment Act:…

February 9, 2020
News

Howard University Explores “Financial Wellness in the African American Community” – CDFIs Are Solution

A recent national AARP survey of adults aged 30 plus found three in five African Americans experienced an unexpected financial challenge in 2019—and two…

February 6, 2020
News

New Resources for CDFI Financial Reporting and Management

OFN has launched a new online community on the CDFI Connect platform! Called “CDFI Financial Reporting & Management Forum,” we intend for this community…

February 5, 2020
News

Wells Fargo Expands Financing for Diverse Small Businesses

The Wells Fargo Foundation announced that it is providing $17.4 million to community development financial institutions (CDFIs) across the U.S. to accelerate the…

February 3, 2020
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In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: [email protected].

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