CDBA Letter to Fed on Liquidity Facility Term Sheets - April 16, 2020

CDBA CEO Jeannine Jacokes wrote to Chairman Jerome Powell of the Board of Governors of the Federal Reserve System to submit comments and recommendations on the liquidity facilities released by the Board of Governors on April 9, 2020. The letter outlines comments and questions about the Federal Reserve's three liquidity facilities (PPP, Main Street New Loan and Main Street Expanded) that most directly address the liquidity of concerns of CDFI banks, with a focus on positioning Low- and Moderate-Income (LMI) communities that are part of America's "Main Street" for long-term recovery.

Thursday, April 16, 2020
Press Release: