Community Development Financial Institutions play a critical role in expanding access to capital in underserved communities. Today, @USTreasury announced that is has initiated a review of certified CDFIs to identify potential violations of applicable law or CDFI requirements.
CDFIs that engage in predatory practices and take advantage of the very communities they are intended to serve will be reviewed and, where appropriate, held accountable. We remain committed to enforcing the law and protecting taxpayer resources while supporting the mission of responsible CDFIs.