New York Fed reports ‘modest decline’ in CDFI numbers, assets
By ABA Banking Journal Staff
AI Summary
The number of community development financial institutions and their total assets experienced a modest decline starting in 2023. This trend reflects a post-decade increase.
Texas Relevance
No specific mention or relevance to Texas credit unions.
Original Content
After rising for more than a decade, the number of community development financial institutions and their total assets experienced a modest decline starting in 2023, according to a new report by the Federal Reserve Bank of New York. The post New York Fed reports ‘modest decline’ in CDFI numbers, assets appeared first on ABA Banking Journal .