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
News SBA Announces New Community Advantage Recovery Loan Program The Small Business Administration (SBA) recently announced a new COVID-19 recovery program, the Community Advantage (CA) Recovery Loan Program, that allows eligible CA Lenders… July 22, 2020
News $3.5 billion in New Markets Tax Credit Allocations Announced On July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community… July 15, 2020