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News Related to Covid-19 and our Industry

The mortgage delinquency rate jumped nearly four percentage points to 8.22% during the second quarter of 2020, when the economic fallout from the coronavirus pandemic really began taking hold, a new report from the  Mortgage Bankers Association... Read more

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Sunday said they were open to restarting COVID-19 aid talks, after weeks of failed negotiations prompted President Donald Trump to take executive actions that Democrats... Read more

Against the backdrop of an infectious pandemic and nearly 163,000 American COVID-19 deaths, the 2020 Presidential race will be unlike any other to date. The pandemic agenda combined with the constitutional damage inflicted by the Trump... Read more

On Wednesday, July 8, the House Appropriations Financial Services and General Government (FSGG) Subcommittee approved its ... Read more

Global Impact Investing Network (GIIN) recently released its 2020 Annual Impact Investor Survey that provides insights from nearly 300 of the world's leading impact investors. As CDFIs are seeking new sources of capital, this survey provides... Read more

Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Across the U.S., there are more than 1,000 CDFIs. These institutions specialize in under-... Read more

A high-profile pandemic aid program protected about 51.1 million American jobs, the White House administration said on Monday, July 6, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also well-heeled and... Read more

June 30 marks the last day lenders may submit Paycheck Protection Program (PPP) applications on behalf of small businesses. Since early April, millions of small businesses have received PPP loans, which in most cases become grants if the small... Read more

Friday, June 19, 2020, the U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (... Read more

SBA Administrator, Jovita Carranza, issued a message acknowledging the efforts of CDFIs to serve underserved communities during the COVID-19 crisis, and asking lenders to double-down on efforts to serve borrowers in the days leading up... Read more