The U.S. Department of the Treasury has initiated a review of certified Community Development Financial Institutions (CDFIs) to identify potential violations of applicable law or CDFI requirements, aiming to ensure that CDFIs receiving federal assistance act as proper stewards of taxpayer funds. The ongoing review forms part of Treasury’s broader effort to strengthen oversight of federal grant programs, promote accountability, and prevent abuse. Treasury is assessing whether CDFIs comply with applicable legal requirements and the terms of CDFI Fund assistance agreements, and indicated it will take action where appropriate consistent with applicable law and program requirements, including in cases involving predatory practices.
U.S. Department of the Treasury 2026-04-27
U.S. Department of the Treasury launches review of certified Community Development Financial Institutions for legal and program compliance
The U.S. Department of the Treasury has launched a review of certified Community Development Financial Institutions to identify potential violations of law or CDFI requirements and ensure proper stewardship of federal assistance. The review is part of broader efforts to strengthen oversight of federal grant programs, with Treasury assessing compliance with legal and assistance agreement terms and indicating it will take action where appropriate, including in cases involving predatory practices.