News Paycheck Protection Program: Update on CDFI Eligibility Yesterday, OFN President and CEO Lisa Mensah and other members of the OFN team spoke with U.S. Treasury Deputy Assistant Secretary for… May 7, 2020
News CDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the Mark Updated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly… April 22, 2020
News Wall Street Journal Article Highlights Barriers to CDFI Paycheck Protection Program Access In an article published April 14 by The Wall Street Journal, reporter Amara Omeokwe highlighted the important role community lenders play in ensuring SBA Paycheck Protection Program… April 14, 2020
News The New York Times: OFN Advocates for More CDFI Participation in PPP In the best of times, many black-owned business owners across the U.S. struggle to obtain bank financing to start or grow their… April 13, 2020
News Congress Enacts $2 Trillion COVID-19 Emergency Response By a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which… March 27, 2020
News House Subcommittee Presses Treasury Secretary about CDFI Fund Budget Cuts On March 4, Treasury Secretary Steven Mnuchin appeared before the House Appropriations Financial Services and General Government Subcommittee (FSGG) for a hearing on the Department… March 6, 2020
News Federal Housing Finance Agency Seeks Advice on Issues Related to Federal Home Loan Bank Membership On February 24, 2020, the Federal Housing Finance Agency issued a Request for Input (RFI) soliciting guidance from the public on a series of… March 4, 2020
News OCC, FDIC Announce Extension of CRA Reform Public Comment Period On February 19, the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) extended the public comment period for proposed… February 25, 2020
News Weigh in on the Future of the Community Reinvestment Act The March 9 deadline is fast approaching for members of the public to submit comments to the Office of the Comptroller of the Currency (OCC) and… February 10, 2020