The Federal Home Loan Bank system’s targeted lending programs support loans for small business, climate resilience, and ...

The Fed, FDIC, and OCC have extensively revised rules implementing the Community Reinvestment Act (CRA), a 1977 law to encourage banks to help meet the credit needs of their communities, especially in ...

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (together, the “Agencies”) issued ...

CLEVELAND, Sept. 12, 2023 /PRNewswire/ -- Cinnaire Lending Corporation, a certified Community Development Financial Institution (CDFI) has been awarded a $10 million loan from KeyBank's CDFI Lending & ...

The New Markets Tax Credit (NMTC) program was created by Congress in December 2000, at the end of the Clinton administration. When initially passed, the program was to provide a total of $15 billion ...

Community investing refers to the practice of directing capital to underserved communities, supporting local businesses, and promoting social and environmental initiatives. It seeks to create a ...

There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits ...

Dime Community Bancshares, Inc. announced that Dime Community Bank received an "Outstanding" rating in its Community Reinvestment Act evaluation from the Federal Reserve Bank of New York. This top ...

New solution will centralize and automate tracking of community development loans, investments, and services to improve compliance efficiency and regulatory readiness MINNEAPOLIS--(BUSINESS WIRE)-- ...