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Blog

Tag: Public Policy

News

OCC Halts Widely Criticized 2020 Community Reinvestment Act Rule

After nearly three years of ongoing advocacy, the CDFI industry received a major policy win when the Office of the Comptroller of…

May 20, 2021
News

OFN Members Testify at Senate Banking Hearing on Rural Investment

On April 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing entitled, “An Economy that Works For Everyone: Investing…

April 29, 2021
News

CDFI Fund Opens First Funding Round for Small Dollar Loan Program

The CDFI Fund has opened the first funding round for the Small Dollar Loan Program (SDL Program). SDL Program funding is intended…

April 28, 2021
News

Biden Budget Proposal of $330 Million for CDFI Fund Falls Short

On April 9, President Biden released his long-awaited budget proposal outlining his administration’s federal spending priorities for fiscal year (FY) 2022. The…

April 9, 2021
News

President Biden Releases Infrastructure Plan

Last week President Biden laid out the framework for his $2.25 trillion infrastructure plan. The American Jobs Plan touches on a number of CDFI…

April 6, 2021
News

President Biden Signs Bill Extending PPP to May 31

On March 30, President Biden signed the Paycheck Protection Program (PPP) Extension Act which extends the program to May 31 from the original application deadline of March…

March 31, 2021
Events, News

Lisa Mensah Testifies Before Senate Small Business and Entrepreneurship Committee

On March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,…

March 19, 2021
News

Take Action to Support $1 Billion for CDFIs!

In the past year, more has been asked of the CDFI industry than ever before, and CDFIs have stepped up to serve…

March 18, 2021
News

State Small Business Credit Initiative Funded in the American Rescue Plan

On March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10…

March 18, 2021
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