The U.S. Department of the Treasury is inviting public comments on the Small Dollar Loan Program (SDL Program) Application. This program, managed by the Community Development Financial Institutions (CDFI) Fund, provides financial assistance to help institutions offer small, affordable loans and to promote financial inclusion. The Treasury seeks input on various aspects of the application process, including the appropriateness of grant sizes, transparency of required data, and adequacy of information requested to demonstrate the need for financial support. Comments must be submitted by February 4, 2025.
Simple Explanation
The government wants to hear from people about a special program that helps banks provide small loans to those who need them. They are asking for ideas on how to make it better, and people should send their thoughts before February 4, 2025.