A bipartisan group of U.S. senators is urging the Trump administration to release $324 million in funding that was already approved to help small businesses and communities in poor and rural areas.

In a letter viewed by Bloomberg News, lawmakers led by Senate Banking Committee members Mike Crapo (R-Idaho) and Mark Warner (D-Va.) requested that Russell Vought, director of the White House Office of Management and Budget (OMB), release funds appropriated to the CDFI Fund, a U.S. Treasury office that issues grants to mortgage lenders that serve places often ignored by traditional banks.

Community development financial institutions (CDFIs) commonly details ⇒

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