Policy Action Alert – Consumer Financial Protection Bill

Policy Action Alert – Consumer Financial Protection Bill

We are working with our colleagues at the National Community Reinvestment Coalition to strengthen the Consumer Financial Protection bill that is currently making its way through the Senate. Sen. Dodd has released a bill that could have a major impact on microenterprise development and others involved in community economic development. Contact your senators today to let them know that we need a stronger bill. How Senator Dodd's bill, the Restoring Financial Stability Act of 2010, needs to be strengthened:

1)    The Consumer Financial Protection Bureau (CFPB) does not have …

MORE...


AEO Analysis of President Obama’s FY 2011 Budget Proposal

AEO Analysis of President Obama’s FY 2011 Budget Proposal

In early February, President Obama submitted his FY 2011 Budget Proposal to Congress. Included in the proposal is funding for the following key microenterprise development programs:

  • President's Recommendations - FY 2011
  • SBA Microloan Lending - $25 million
  • SBA Microloan TA - $10 million
  • PRIME - $3.5 million
  • USDA RMAP Program lending - $30 million
  • USDA RMAP Program TA - $3 million
  • CDFI Fund - $250 million
  • Women's Business Centers - $14 million

The President's job creation agenda also …

MORE...