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New Rules for CDFIs





Did you hear this story on the Marketplace Morning Report this week?


It begins:

Changes are coming for the more than 1,300 federally-certified Community Development Financial Institutions, or CDFIs.


Those comprise mission-driven banks, loan funds and credit unions that aim to fill gaps in credit access in low-income and otherwise underserved communities.


It’s hard to develop a strategy when the future is uncertain.

Now, CDFIs are trying to see around the corner as the US Treasury Department updates its certification standards for the first time since 1997.


A flood of public comments and concerns over unintended consequences has delayed the rollout of the new rules, which were expected in April.


The Plenary Session of the NYS CDFI Coalition's 2023 Conference will feature Alexis Iwanisziw and Terry Ratigan, both of Inclusiv, and Jennifer Vasiloff of OFN. They'll share their insights on the new standards and help you position yourself to continue to provide vital resources to underserved clients and communities.


Tickets are available on our website here - https://www.nyscdfi.org/2023-conference .

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