Proposed Changes to CDFI Fund Requirements Webinar Series
Tuesday, July 7 | Thursday, July 9 | Tuesday, July 21 | Thursday July 23
1:00 - 2:00 PM ET
The CDFI Fund recently announced proposed changes to CDFI certification and reporting requirements, and have requested comments by August 5th. Join Inclusiv's resident CDFI expert and Senior Consultant Terry Ratigan, along with representatives from CDFI credit unions, for a four-part members-only webinar series providing an overview of the Fund's proposed changes and discussions on their potential impacts.
Don't miss this opportunity to learn more about significant changes that may affect your credit union! The discussion and feedback in each session will help shape Inclusiv’s advocacy with the CDFI Fund and final policies themselves. We encourage you to weigh in so that we may amplify your voice.
Session 1: Tuesday, July 7, 2020 | 1:00 pm - 2:00 pm ET
Session 2: Thursday, July 9, 2020 | 1:00 pm - 2:00 pm ET
Session 3: Tuesday, July 21, 2020 | 1:00 pm - 2:00 pm ET
Session 4: Thursday, July 23, 2020 | 1:00 pm - 2:00 pm ET
REGISTER once for the entire series:
Each session in the series will explain one of four specific CDFI proposals in detail and provide time for members to ask questions and offer feedback and comments.
- Recertification and Reporting: The CDFI Fund has proposed that all CDFIs be required to submit detailed data on all loan transactions for certification and annual recertification, which raises concerns about data security, privacy and the reporting burden – particularly for smaller CDCUs.
- Target Market Test: The CDFI Fund has proposed a detailed revision to the Target Market test that could make it more difficult for many credit unions to achieve or retain their CDFI certification.
- Accountability Test: The CDFI Fund proposes to further complicate the assessment of credit union accountability with burdensome requirements to individually document and describe universal characteristics that are legal mandates for credit unions.
- Primary Mission Test: The CDFI Fund has proposed that all CDFIs be required to submit detailed narrative descriptions and data on every product and service, which adds a costly burden to CDFI credit unions that offer a large variety of savings and loan products along with an ever-expanding array of mobile and electronic account services for our members.
Please send any advance questions or concerns to Jules Epstein-Hebert, Membership Engagement Manager, at email@example.com.