WASHINGTON — Community Development Financial Institution executives who attend the CDFI Coalition's CDFI Institute in March will hear from some lawmakers familiar to credit unions.
So far, Rep. Barney Frank (D-Mass), Chairman of the House Financial Services Committee; Senator Richard Durbin (D-IL), Chairman of the Appropriations Subcommittee on Financial Services and General Government and Senator Jack Reed (D-RI), Member Banking, Housing, and Urban Affairs Committee have signed on so far to address the March 1-3 meeting.
CDFIs are financial institutions, including credit unions, which apply for recognition from the U.S. Treasury Department's Community Department Financial Institutions' Fund, which has provided a significant amount of funding to credit unions who have been recognized as CDFIs.
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