Federal Bank Regulators Release Long-Awaited CRA Modernization Proposal
On May 5, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) released their…
Blog
Tag: Public Policy
SBA Announces Critical Reforms to Community Advantage Program
Updated 5/20/2022 On April 28, the Small Business Administration (SBA) issued an updated Federal Register Notice (Notice) to provide additional information on reforms to…
Support $1 Billion for the CDFI Fund Today!
Following the release of President Biden’s fiscal year (FY) 2023 budget proposal, appropriations season has begun on Capitol Hill. Members of Congress need to…
CDFI Fund Announces FY 2021 Bank Enterprise Award Recipients
On April 6, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $26 million in awards to…
OFN Applauds Critical Reforms to SBA Community Advantage Program
On March 30, Opportunity Finance Network’s (OFN) President and CEO Lisa Mensah joined Vice President Kamala Harris, Small Business Administration (SBA) Administrator…
OFN Webinar Recap – Public Policy Update
On March 31, OFN held a webinar to provide the latest public policy updates to OFN’s membership. Led by OFN’s Dafina Williams, Mary…
Policymakers Highlight Impact of SBA Community-Based Lending Programs at House Small Business Committee Hearing
On March 29, the House Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Catalyzing…
Congress Approves $295 Million for the CDFI Fund
On March 11, just hours before the government funding deadline set in the last continuing resolution, Congress passed the Fiscal Year (FY) 2022 omnibus…
FHFA Announces More Than $1.1 Billion for Affordable Housing Programs
On February 28, Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet…