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Blog

Tag: Public Policy

News

Chairwoman Velazquez Includes CDFIs in End-of-Year Legislative Push

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

December 15, 2020
News

CDFI Fund Expands Target Market Eligibility for PPP Lending

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…

December 14, 2020
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

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 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
News

Members of Congress Champion CDFIs as COVID Relief Talks Stall

OFN is very disappointed that COVID relief negotiations between Congressional leaders and the Trump Administration have broken down, especially as the health…

August 10, 2020
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