Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
233M for CDFI approved by Senate subcommittee
WASHINGTON (6/13/12)--The Senate Appropriations subcommittee on financial services and general government Tuesday approved the draft of its appropriations package for fiscal year 2012, which includes $233 million for the U.S. Treasury Department's Community Development Financial Institutions (CDFI) Fund.

That funding level would represent a $12 million increase above the 2012 enacted level of $221 million.

The CDFI Fund was created to promote economic revitalization and community development through investment in and assistance to qualified community development financial institutions (CDFIs), which include credit unions.

The fund's mission is to expand the capacity of CDFIs to provide credit, capital, and financial services to underserved populations and communities in the United States

.

The subcommittee appropriations draft, overall, covers $21.73 billion in discretionary spending for the nation's consumer and financial oversight agencies, which includes more than two dozen agencies within the Executive Branch, the federal courts, the District of Columbia, and independent agencies.

The full committee is scheduled to markup the bill Thursday.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
18 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
19 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
20 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
20 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
23 hours ago