Harper: Regulators Must Address Appraisal Inequities
Federal financial regulators must adopt a rule to address inequities in appraisal and valuation services, National Credit Union Administration Chairman Todd Harper said Monday.
House Bill Likely to Retain Postal Banking Pilot
A Republican effort to kill a postal banking pilot program contained in the House version of the FY22 Financial Services spending bill failed Monday.
The decision by the House Rules Committee not to allow Republicans to offer that amendment during floor debate of the measure all but guarantees that the $6 million pilot program will be in the House-passed version of the appropriations measure.
House Panel Approves Bill with CDFI Boost, Postal Banking Pilot
The House Appropriations Committee on Tuesday approved an FY22 Financial Services spending bill that would provide large increases for community development financial institutions programs and would establish a pilot program to test postal banking.
House Appropriators Propose 167% Increase for NCUA Revolving Loan Fund
The House Financial Services Appropriations Subcommittee on Thursday approved an FY22 spending bill that would provide a huge 167% increase for the National Credit Union Administration’s Community Development Revolving Loan Fund program.
CUNA Endorses Biden Budget for CDFI, NCUA Revolving Loan Fund
The Credit Union National Association on Tuesday endorsed the Biden Administration’s FY22 budget requests for the Community Development Financial Institutions program and the National Credit Union Administration’s Community Development Revolving Loan Fund program.
Harper Urges Funding Boost for CDLRF
Saying that the number of applications regularly exceeds the funding available, National Credit Union Administration Chairman Todd Harper Tuesday urged Congress to increase appropriations for the agency’s Community Development Revolving Loan Fund program.
Biden Proposes Increase in CDRLF
President Biden proposed Friday to increase the National Credit Union Administration’s Community Development Revolving Loan Fund program by $500,000 in FY22.
House Financial Services Dems Push for $8.5 Million Boost for Credit Union Community Development Fund
Democrats on the House Financial Services Committee are asking congressional budget writers for an $8.5 million increase for the National Credit Union Administration’s Community Development Revolving Loan Fund in FY22.
That represents an increase of almost 567% over the $1.5 million the program received during the current fiscal year. The Democrats said that 40% of the CDRLF funds should be set aside for Minority Depository Institutions.
NCUA to Begin Accepting Community Development Applications on May 3
Low-income credit unions will be able to submit grant applications for the National Credit Union Administration’s Community Development Revolving Loan Fund between May 3 and June 26, the agency announced last week.
Biden Proposes 22% Boost for CDFI Program
The Biden Administration released a bare-bones funding blueprint for next year and it proposes a 22.2% increase for the Community Development Financial Institutions program, the opposite of Trump Administration budgets which always called for elimination of the program.