CDFI Banks and Credit Unions Support Warner Bill

Wednesday, July 29, 2020

The Community Development Bankers Association and Inclusiv, the national trade associations for the CDFI bank and credit union sectors, respectively, sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs last week signalling their strong support for the Jobs and Neighborhood Investment Act (S. 4255). The bill redirects $17.9 billion of $500 billion in funding already appropriated by Congress under the CARES Act for the U.S. Treasury to support emergency economic relief to CDFIs and MDIs.