On March 21, the U.S. Department of the Treasury submitted a report to the Office of Management and Budget affirming that all 11 programs administered by the Community Development Financial ...

WASHINGTON — The Office of Management and Budget has apportioned a fraction of the money Congress allotted to the Community Development Financial Institution Fund, documents show. Processing Content ...

WASHINGTON — Funding for a key program that helps banks do community-focused lending is idling, and shows little sign of being deployed, as the Trump administration continues to eye the community ...

Add Yahoo as a preferred source to see more of our stories on Google. "Family Food Delivery - stock photo Over the shoulder view of a mature woman delivering a box full of fresh vegetables to an ...

Bessent Orders CDFI Probe, Defends Cuts ...

On March 14, President Trump issued an executive order (EO) titled “Continuing the Reduction of the Federal Bureaucracy,” which limits the Community Development Financial Institutions (CDFI) Fund to ...

Tongass Federal Credit Union runs 14 branches and microsites along the coast of southeast Alaska, including many on remote islands where you can’t just hop in the car and drive to a bank. “That's not ...

Congressional Republicans came out in force Thursday in support of a Treasury Department program that helps provide loans to low-income and underserved populations that traditional financial ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A federal initiative that helps ...

People credit all sorts of things for Detroit’s remarkable recovery. There was the city’s successful spin through municipal bankruptcy in 2013-14, Mayor Mike Duggan’s three terms and the energetic ...

For generations, Native and rural communities have faced systemic financial barriers that make homeownership, entrepreneurship, and economic growth extraordinarily difficult. In places where ...