Treasury: Immediate Withdrawal of the United States from the Green Climate Fund Announced
In alignment with the Trump Administration’s decision to withdraw from the UN Framework Convention on Climate Change (UNFCCC), the U.S. Department of the Treasury has notified the Green Climate Fund (GCF) that the United States is withdrawing from the Fund and stepping down from its seat on the GCF Board, effective immediately. “Our nation will…
Treasury: Secretary Bessent Announces Launch of New Platform on Working Family Tax Cuts
Secretary Scott Bessent today announced the launch of Treasury’s Working Family Tax Cuts: Ushering in a New Golden Age, a platform designed to provide Americans with a clear view into President Trump’s pro-family, pro-worker, and pro-growth economic agenda. “Treasury is opening the books for the American people,” Secretary Bessent said. “Starting with the historic Working Families…
Treasury: New Markets Tax Credit Awards Paired with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
CDFI Fund: Treasury Pairs New Market Tax Credit Awards with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
ABA: Statement Issued on Treasury Guidance on Penny Phaseout
“We appreciate today’s Treasury Department guidance on handling pennies in the banking system. With the administration’s decision to end penny production, a clear path forward is essential to ensuring a smooth transition for American consumers, businesses and the banks that serve them. As we noted in our recent letter to Treasury, maintaining the ability to accept…
Treasury: IRS & Treasury Release Final Rules on the Tribal General Welfare Exclusion Act and Entities Wholly Owned by Indian Tribal Governments
Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced at the meeting of the Treasury Tribal Advisory Committee (TTAC) two final pro-growth and deregulatory tax regulations that support the prosperity of Tribal businesses and families and recognize the sovereignty of Tribal governments. The first rule implements the Tribal General Welfare Exclusion Act…
CDFI Fund: Advisory Board Will Meet Virtually on December 29th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a public meeting of the Community Development Advisory Board (the Advisory Board) from 11:00 to 11:30 a.m. Eastern Time on Monday, December 29, 2025. This meeting will be conducted virtually. The function of the Advisory Board is to advise the Director of the CDFI Fund on the…
HUD: Treasury and HUD Build on First Lady Melania Trump’s Fostering the Future Initiative for Foster Youth
Agencies Commit to Equipping Foster Youth with Strong Financial Literacy Foundation In accordance with President Donald J. Trump’s Executive Order (EO) on “Fostering the Future for American Children and Families,” First Lady Melania Trump today announced the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Treasury (Treasury) will hold roundtables with foster…
ICBA: ICBA Urges Policymakers to Continue to Support Local Communities Served by Community Development Financial Institutions
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on actions to dismantle the Community Development Financial Institution Fund. “ICBA is concerned about the economic impact eliminating the CDFI Fund would have on the local communities that CDFIs serve. Hampering the work of CDFIs would threaten the financial…
CDFI Fund: Operating Status During Federal Government Shutdown Released
For the duration of the federal government shutdown, limited Community Development Financial Institutions Fund (CDFI Fund) staff and services will be available as described below. Any regularly scheduled webinars, such as the next monthly Transaction Level Report webinar on October 1st and the CDFI Certification webinar on October 2nd, are cancelled and may be rescheduled once the…