U.S. Capitol Steps U.S. Capitol steps. (Source: Shutterstock)

The House Appropriations Committee on Tuesday approved an FY20 funding measure that would provide the Community Development Financial Institutions program with $300 million—a 20% boost from current funding.

In approving the Financial Services spending bill, 30-21, the panel also defeated an amendment that would have placed the CFPB under the appropriations process.

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David Baumann

 

Credit Union Times

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