Jerome Powell, chairman of the Federal Reserve, said Tuesday that the agency's final Community Reinvestment Act rule "will better achieve the purposes of the law by encouraging banks to expand access ...

Bank of America Monday announced $10 million in zero-interest loans to Community Development Financial Institutions for housing, nonprofit facilities and small business recovery following the Eaton ...

The current scale of mortgage delinquencies and foreclosures—particularly in the subprime market—has sparked a renewed debate over the Community Reinvestment Act (CRA) and the regulations governing ...

There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits ...

Dime Community Bancshares, Inc. announced that Dime Community Bank received an "Outstanding" rating in its Community Reinvestment Act evaluation from the Federal Reserve Bank of New York. This top ...

New solution will centralize and automate tracking of community development loans, investments, and services to improve compliance efficiency and regulatory readiness MINNEAPOLIS--(BUSINESS WIRE)-- ...

CHICAGO, February 13, 2024 /CSRwire/ - Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, ...

Grant winners selected by OFN based on support of affordable housing and community development efforts Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today ...

The Affordable and Special Needs Housing loan was one of dozens announced in a press release from Governor Glenn Youngkin on Dec. 18.