News OFN Weighs in on Federal Reserve CRA Reform Proposal Federal bank regulators continue efforts to update the Community Reinvestment Act (CRA) regulations. On February 16, OFN submitted comments to the Federal… February 25, 2021
News Biden Reforms to Paycheck Protection Program Advantage Smallest Businesses On February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small… February 25, 2021
News Apply Now for $1.25 Billion in Rapid Response Grants The application period for the CDFI Rapid Response Program (CDFI RRP) is now open! The CDFI RRP will distribute $1.25 billion of… February 25, 2021
News 23 OFN Members Receive Grants for Affordable Housing On February 22, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $175 million in grants to 27… February 22, 2021
Voices A Comptroller of the Currency Who Will Fight for Financial Security and Racial Equity Michael Barr would make an exceptional Comptroller of the Currency. My standard for excellence is President Clinton’s Comptroller — Eugene Ludwig —… January 25, 2021
News Historic Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief Bill Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic… December 22, 2020
News OFN Weighs in on CFPB’s Small Business Lending Data Collection Rule OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform… December 15, 2020
News Congress Includes CDFI Provisions in Bipartisan COVID Relief Legislation As the year comes to a close, Congress continues to negotiate legislation to provide much-needed COVID relief but has yet to vote… December 15, 2020
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