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Lawmakers press Treasury on CDFI cuts, BOI enforcement changes and regulator nominations
Summary
Committee members asked Secretary Bissett about proposed cuts to Community Development Financial Institutions (CDFI) funding, Treasury's change to the beneficial ownership (BOI) rule, and the status of senior regulator nominations including the FDIC chair.
Lawmakers used questioning to press Treasury Secretary Scott Bissett on an array of domestic regulatory and programmatic issues: proposed changes to the Community Development Financial Institutions (CDFI) Fund, the administration's implementation of the Corporate Transparency Act's beneficial ownership information (BOI) rule, and the status of nominations for bank regulatory leadership posts.
On the CDFI Fund, Rep. Gregory Meeks and others reminded the committee of bipartisan investments in community and minority depository institutions and…
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