The Treasury Department's proposed annual report for certifiedCommunity Development Financial Institutions would createunnecessary additional work by requiring duplicative data,according to a credit union executive.
“The proposed process fails two crucial tests: It is bothonerous for CDFIs to complete and unreliable for the CDFI Fund tocompile, to interpret and to communicate,” wrote Cathleen Mahon,CEO of the NationalFederation of Community Development Credit Unions, in a Sept. 2comment letter addressed to CDFI Management Analyst BretteFishman.
CDFI Fund Deputy Director Dennis Nolan and Deputy AssistantSecretary for the Office of Small Business, Community Development& Housing at the Treasury Department Jessica Milano werecopied on the letter.
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