Treasury announces Emergency Capital Investment Program recipients

The Treasury Department announced that it has made over $8.28 billion of investments in 162 community financial institutions across the country through the Emergency Capital Investment Program.

Details: These funds will support the efforts of minority depository institutions and community development financial institutions to provide loans, grants, and other assistance to small and minority-owned businesses and consumers.

Recipients: The states receiving the most ECIP investments include Mississippi, Louisiana, North Carolina, California, and Texas. A full list of recipient institutions and investment amounts is available from Treasury.

Previous News

  • Liang: Treasury-led CBDC group a work in progress

    The Treasury Department is still working out the details of a Treasury-led interagency work group on considering the adoption of a U.S. central bank digital currency, Treasury Undersecretary Nellie Liang said.

    Image

    Sep 21, 2022

  • ICBA Strongly Opposes Gooden-Welch Credit Card Bill

    Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House introduction of the Credit Card Competition Act.

    Image Alternate Text

    Sep 20, 2022

  • As feds report on digital assets, ICBA poll suggests consumer skepticism

    Following the Biden administration’s release of reports on digital assets policy, ICBA released new polling conducted by Morning Consult indicating consumers support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.

    Image

    Sep 19, 2022


Related News Taxonomy