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Treasury Secretary-designate Janet Yellen, Treasury Secretary-designate Janet Yellen, (Source: Shutterstock)

The incoming Biden Administration made a firm commitment to support the Community Development Financial Institutions program this week when Treasury Secretary-designate Janet Yellen met Monday with representatives of CDFIs and Minority Depository Institutions, including two credit union officials.

Among those meeting with Yellen and Deputy Treasury Secretary-designate Wally Adeyemo in a conference call were Bill Bynum, CEO of Hope Credit Union, which has its headquarters in Mississippi, and Martin Eakes, CEO of Self-Help Credit Union in North Carolina. Bynum is a member of the incoming administration’s transition team examining the CFPB.

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David Baumann

Credit Union Times

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