ABA Supports Strengthening CDFI Fund’s Small Dollar Loan Program
ABA Community Banking
DECEMBER 5, 2021
In a comment letter submitted on Friday, the American Bankers Association expressed support for strengthening the Community Development Financial Institutions Fund’s Small Dollar Loan Program, which provides grants to eligible recipients—either a CDFI or a partnership between a CDFI and another depository institution—for loan loss reserves and technical assistance, to support small dollar loan programs.
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