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 ...

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, ...

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 ...

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 ...

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 ...

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

Community Development Financial Institutions grew rapidly in recent years. Now, though, they face a slowdown. All CDFIs will have to get leaner and more efficient. For many, mergers might be the best ...

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 ...

Changes are coming for the more than 1,300 federally-certified Community Development Financial Institutions, or CDFIs. Those comprise mission-driven banks, loan funds and credit unions that aim to ...

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 ...