Capital
Treasury Moves to Protect Low-Income Lending Program Targeted by Trump
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The Treasury department has moved to protect a financial program for low-income and under-served communities after President Donald Trump ordered its functions be eliminated to the maximum extent legally allowed.
The Community Development Financial Institutions Fund is responsible for 11 programs or functions, all of which are legally required, the Treasury said in a report to the Office of Management and Budget that was seen by Bloomberg News.