U.S. Treasury Injects $9 Billion Into Minority And Community Lenders
The U.S. Department of the Treasury has announced that a new program intending to help out with access to capital in communities that have traditionally been underserved and that have suffered more than usual in the pandemic, a press release says. Called the Emergency Capital Investment Program (ECIP), the program will invest $9 billion into Community Development Financial Institutions (CDFIs) and minority depository institutions (MDIs) which are working to help...
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