Community development financial institutions, or CDFIs, play a key role in providing financing to small businesses, particularly those in traditionally underserved communities that have been hit hardest by the crisis.
federal reg reform
-make $700 billion in risky loans;
-develop bait-and-switch rate increases for credit cards; and
-collect over $27 billion in overdraft fees.
…all while states were forbidden to act.
During the deliberations, Congresswoman Melissa Bean (D-8), a moderate and vice chair of the New Democrat Coalition, had considered introducing a blanket preemption of all state consumer laws and enforcement for national banks, but backed down under pressure from constituents, fellow Democrats, and Chairman Barney Frank.