Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Steven Mnuchin, U.S. Treasury secretary Steven Mnuchin, U.S. Treasury secretary, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, April 9, 2019. Photographer: Andrew Harrer/Bloomberg

The Treasury Department did not conduct any research into the Community Development Financial Institution program before deciding that the CDFI market had matured and that the program did not need additional federal support, Treasury Secretary Steven Mnuchin said last week.

“I do believe that the CDFI [program] does make significant contributions to certain communities,” Mnuchin said.

David Baumann

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.