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WASHINGTON--The Treasury Department has submitted a proposal to the Office of Management and Budget (OMB) that would add a requirement to certain applications for Community Development Financial Institutions (CDFI) Fund awards. The additional form would require applicants to disclose whether funds would be used for diversity, equity, inclusion (DEI), or climate purposes.

WASHINGTON— The Office of the Comptroller of the Currency (OCC) announced new measures aimed at ending politicized or unlawful debanking within the federal banking system. The steps align with President Trump’s Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” and reaffirm that banks must base access to financial services on objective, risk-based evaluations of individual customers.

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cmapus usa

NAPERVILLE, Ill.--At its Annual Meeting, held in conjunction with the corporate’s eleventh annual Credit Union Leadership Symposium, Alloya Corporate Federal Credit Union announced the election of two board members.