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The Community Development Financial Institutions Fund and the Federal Housing Finance Agency announced the formation of a working group to increase capital for affordable housing lending from the Federal Home Loan Banks.
New Working Group: The agencies said the CDFI Fund-FHFA Working Group will help more CDFIs access affordable capital from the FHLBs to address affordable housing needs in distressed communities not served by traditional banks and lenders.
Priority Issues: Initial topics and priorities for 2024-2025 include new programs and approaches for non-depository CDFI members, property appraisal and collateral mechanisms and valuation methods, data sharing on non-depository CDFI activities, and performance.
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ICBA said a new regulatory action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system exemplifies the risks posed by lagging credit union regulation.
ImageNov 1, 2024
ICBA commended the federal banking agencies for hosting a virtual community banker outreach meeting under their current regulatory review and called for at least three more meetings.
ImageNov 1, 2024
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement after the Consumer Financial Protection Bureau took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.
ImageOct 31, 2024
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