Key Takeaways from CDFI Fund Director Pravina Raghavan at the GAC

At America’s Credit Union’s Governmental Affairs Conference, CDFI Fund Director Pravina Raghavan provided insights into the evolving CDFI certification and recertification process, emphasizing the need for strong narratives and supporting documentation. She also addressed pressing concerns, including the 60% lending threshold, the future of private-sector investment in CDFIs, and the Fund’s stance on clawbacks.

Raghavan encouraged credit union CDFIs to focus on the Low-Income Targeted Population, offered insights on advisory boards as a tool for accountability, and stressed that the Fund is not seeking to eliminate fees but wants to understand how CDFIs use them differently.

Read the full post on our website for more information, including guidance on upcoming changes and how CDFI credit unions can prepare.