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Finance

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New changes introduced by the Treasury’s Community Development Financial Institution (CDFI) Fund could “pose several challenges” for Native CDFIs, says Oweesta Corporation’s CEO Chrystel Cornelius. But there is also some upside, she adds. 

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Native Community Development Financial Institutions (CDFIs) are breathing a sigh of relief after the Treasury released long-awaited final revisions to the CDFI certification application late last week. 

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Officials from the United States Treasury plan to announce more than $86 million in State Small Business Credit Initiative (SSBCI) funding for two dozen tribal governments during the White House Tribal Nations Summit today.   

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Revised regulations to a law meant to assess and support banks in meeting the credit needs of the communities they serve could increase support for Native businesses, communities, and individuals. 

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Small Business Administration (SBA) lending to Native-owned companies has increased under the Biden administration, according to information the agency shared Friday with Tribal Business News.  

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Two prominent Indigenous venture capital funds on Saturday announced a new organization aimed at narrowing the gap between Native entrepreneurs and the capital sources that many other founders often take for granted.  

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Native Americans are the most unbanked group in the country, with 16% lacking access to banking services. This can lead to a range of challenges, including difficulty accessing credit, paying for basic necessities, and gaining financial literacy.

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Native Community Development Financial Institutions (CDFIs) are about to have an eventful October, according to Pete Upton, CEO and chairperson of the national Native CDFI Network. 

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If you’ve seen one Native Community Development Financial Institution (Native CDFI), you’ve seen one Native CDFI. They’re unique and diverse.

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Native Community Development Financial Institutions are calling on Congress to increase funding that would bolster community development and economic opportunities in Indian Country.