The Trump administration unexpectedly targeted the Community Development Financial Institution Fund, touching off concern among bankers and their representatives that the bipartisan program could be eliminated. Ryan Tracy, who covers financial regulation and banking for Capitol Account, explains what happened, why, and the future of CDFIs. We also discuss the latest legal maneuvers surrounding the CFPB, what Fed Gov. Michelle Bowman’s nomination as vice chair for banking supervision means for community banks and more.
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