• The National Credit Union Administration released a report Tuesday on how credit unions can build loan programs to reach underserved populations. Titled “Serving the Credit Invisible,” the report details how to evaluate a loan applicant who is “credit-invisible” and describes best practices for serving these members while maintaining safety and soundness. The agency’s Office of Small Credit Union Initiatives prepared the report…
• The Consumer Financial Protection Bureau announced new positions for its leadership team: Elizabeth Ellis as deputy associate director, External Affairs Division; Seth Frotman, student loan ombudsman and assistant director, Office for Students and Young Consumers; Katherine Gillespie, deputy associate director, Consumer Education and Engagement Division; Grady Hedgespeth, assistant director, Office of Small Business Lending Markets; Chris Johnson, assistant director, Office of Consumer Response; and John Schroeder, Midwest regional director, Office of Supervision Examinations...
• The U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund has scheduled the remaining five webinars on serving underserved areas. The free webinars are designed to maximize CDFI participation in training through the CDFI Fund’s Capacity Building Initiative. The webinars will take place April 19 (portfolio management), May 3 (adding a near equity product), May 17 (small dollar loans), May 31 (expanding capacity for credit unions) and June 14 (industry trends)…