During Senate confirmation hearings yesterday, both Treasury nominee Scott Bessent and HUD nominee Scott Turner highlighted the critical role of CDFIs in expanding access to capital and driving economic development in underserved communities.

These mentions reflect the growing bipartisan recognition of the essential work CDFIs and CDFI banks do every day—and it's a testament to the incredible advocacy efforts of our members.

"Bessent expressed his commitment to working with Warner and other lawmakers to enhance the role of CDFIs in underserved communities.

'The early part of my career was as a financial services analyst, I believe that the breadth of the U.S. financial services industry is what differentiates the U.S. economy from the rest of the world,' Bessent said. 'The addition of these CDFIs into these underserved communities is very important.'"