WASHINGTON — The U.S. Treasury Department's Community Development Financial Institutions Fund is seeking public comments about the components of what an organization must be and do to be qualified as CDFI.
The fund has invited public comment about questions like whether the primary mission criteria for being CDFI should vary by organization type. How the Fund might insure that organizations which encage in what it called “predatory lending practices” not be certified as CDFIs and whether there should be a minimum level of transactions and organization should have to have made to be considered as a CDFI.
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