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Dec 8, 2023

National Bankers Association Applauds CDFI Fund

WASHINGTON D.C - The National Bankers Association (NBA) applauds the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) release of the revised CDFI Certification Application. The CDFI Program actively works to enhance the ability of CDFIs to address financial inclusion issues by investing federal resources - which are matched with private funding - in CDFIs working to serve low-income and underserved people and communities.

"The NBA has worked with the Treasury Department and the CDFI Fund on many issues relevant to MDIs and we are pleased with the very balanced approach reflected in the new certification process. We are grateful that our members concerns were given great weight and many are addressed in today's updated certficiation requirements," said Nicole Elam, President and CEO of the National Bankers Assocation.

Founded in 1927, the National Bankers Association is the voice for the nation's Minority Depository Institutions (MDIs). No other trade association is focuses solely on the priorities, federal advocacy, and representation of minority-owned and -operated banks. Members include Black, Hispanic, Asian, Pacific Islander, Native American, and women-owned and -operated banks. MDIs are located across 32 states and territories. For more information, visit

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