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Tag: Public Policy

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

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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

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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

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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

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Representative DeSaulnier Introduces Equitable Transit Oriented Development Act

On February 7, Representative Mark DeSaulnier (D-CA) introduced the Equitable Transit Oriented Development Act (H.R. 5783), which would make community development financial…

February 9, 2020