CUCollaborate News Archives

Comments on new CDFI application process due Dec. 5

Comments on new CDFI application process due Dec. 5

Taking the next step in overhauling the Treasury Department’s CDFI program, the CDFI Fund announced Friday that comments on a proposed revised application will be accepted until Dec. 5. “The revised certification policies and [...]

Sen. Reed accuses big banks of gouging customers

Sen. Reed accuses big banks of gouging customers

Accusing the largest banks of using high interest rates to help their investors, Sen. Jack Reed, D-R.I., wants to know why bankers are increasing interest rates on loans, but not on savings accounts. “Soaring [...]

The future of the CDFI program

The future of the CDFI program

Some people might say that the Community Development Financial Institutions program is in a state of transition. Others might call it turmoil. Or even confusion. The Treasury Department is overhauling the entire program—from application [...]