Feds tighten rules on new community development financial in

The federal government is increasing oversight on Community Development Financial Institutions, making the application process more rigorous to weed out bad actors. In the past, shady financial institutions like predatory lenders have been able to get CDFI status. Andrew Kushner, senior policy counsel at the Center for Responsible Lending, said he has seen CDFIs offer loans with annual percentage rates as high as 190%. ...

Related Keywords

Minnesota , United States , Boston , Massachusetts , Indiana , Andrea Campbell , Thomas Hartnett Russell , Annie Levenson Falk , Andrew Kushner , Deirdre Cummings , David Beck , Bill Clinton , Centerpoint Energy , Indiana Energy Assistance Program , Massachusetts Public Interest Research Group , Community Development Financial Institutions , Human Services , Xcel Energy , Credit Union , Opportunity Finance Network , Indiana Office Of Utility Consumer Counselor , Public Utilities Commission , Community Development Authority , Us Department Of Health , Responsible Lending , Self Help Credit Union , Opportunity Finance , Consumer Issues , Health Issues , Minnesota Power , Citizens Utility Board , Federal Trade Commission , Attorney General Andrea Campbell , Energy Assistance Program , Indiana Housing , Community Development , Indiana Office , Utility Consumer Counselor , Htmlcss Bootstrap , Ulti Level Menu , Ubmenu , Reeview Nav Menu Examples ,