CDFI Fund Seeks input on Bank Enterprise Award Program application

The Community Development Financial Institutions Fund requested comments on its Bank Enterprise Award Program application.

Background: The BEA Program is designed to provide an incentive to FDIC-insured depository institutions to increase their lending, investment, and financial services to residents and businesses located in economically distressed communities.

Details: The CDFI Fund invited comments on:

• Whether the collection of information is necessary for the proper performance of the functions of the agency.

• The accuracy of the agency’s estimate of the burden of the collection of information.

• Ways to enhance the quality, utility, and clarity of the information to be collected.

• Ways to minimize the burden of the collection of information on respondents, including through the use of technology.

• Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services required to provide information.

Input: Comments must be submitted electronically by May 11.