BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, ...

The Treasury Department Friday issued a long-awaited revision to its community development financial institution certification process, a move that CDFI advocates say provides much-needed updates to ...

Community Development Financial Institutions (CDFIs) provide responsible and affordable credit to underserved communities. Congress provided support for community-based lenders during the COVID-19 ...

A customer uses an outdoor ATM at a Hope Credit Union branch in Jackson, Mississippi in 2021. Hope Credit Union, a federally-certified CDFI, has nearly tripled in size between March 2020 and the end ...

MaineStream Finance is celebrating 25 years of helping Mainers pursue homeownership, grow businesses and strengthen their financial future ...

A new nonprofit aims to even the playing field for local Black-owned businesses. Founded in late 2021, Freedom Equity Inc. is a Black-led community development financial institution (CDFI), or an ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank on Thursday announced a collaborative agreement with seven Community Development Financial Institutions (CDFIs) and Minority Depository Institutions ...

On May 8, the New York Fed released a report examining both the origination and sale of loans by community development financial institutions (CDFIs) and found that loans of both types more than ...

Revitalizing American communities and industries has been a core priority for the Trump administration. Congress and federal agencies are pursuing policies aimed at increasing financial resilience and ...

A construction worker carries a sawhorse in front of a building being renovated in the Colonial Village public housing complex in Norwalk. Credit: Ryan Caron King / Connecticut Public It’s no secret ...