It has been quite a year for the Partnership for Financial Equity and 2023 is shaping up to be even busier and more impactful. We invite you to become a member and join our efforts to advance financial equity throughout the Commonwealth.
This past year started with the hiring of a new executive director. Our policy committee tackled comments on the proposed regulatory reform of the Community Reinvestment Act. In October, we hosted the inaugural Financial Equity Summit that drew over 300 participants. At the Summit, we also changed our name from the Massachusetts Community & Banking Council to Partnership for Financial Equity.
What’s ahead in 2023? We have lots on the agenda with quarterly meetings of four major working groups – mortgage lending, small business lending, banking services, and CRA peer group. Join us – our unique voice can make an impact.
Partnership for Financial Equity helps financial institutions to stay current on Community Reinvestment Act requirements and engage in important research and timely conversations about investments in low- to moderate-income neighborhoods . Membership donations to Partnership for Financial Equity are a qualified investment under the State’s CRA statute.
Join for Financial Institutions | Join for Community Organizations
Our Mortgage Lending Committee works to close the racial homeownership gap and to expand and sustain homeownership in low- to moderate-income neighborhoods.
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Our Small Business Lending Committee promotes the economic vitality of low- and moderate-income communities with insight, ideas and data designed to encourage small business lending and close racial wealth gaps.
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Our Banking Services Committee supports Basic Banking for Massachusetts and addresses emerging issues impacting access to financial services for low- to moderate income households.
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Our CRA Peer Group is a network, resource and voice providing CRA officers an opportunity to respond to regulatory changes, share resources, and elevate best practices.
Read MoreBoston, MA – Thirty-two years after its founding, the Massachusetts Community & Banking Council is finishing 2022 with a new name and is now doing business as the Partnership for Financial Equity. MCBC was formed in 1990 after a year-long effort of banks and community groups to respond to the 1989 Federal Reserve Bank of […]
Read MoreOur inaugural Financial Equity Summit featured an all-star lineup of speakers, panelists and moderators all focused on one word – equity. Speakers focused on issues of mortgage lending, small business lending, Special Purpose Credit Programs and FinTech before a two-day combined audience of 312 participants from financial institutions, community-based organizations and government agencies. Presenting Sponsor […]
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In my role as a Director and Chair of Partnership for Financial Equity, I have come to appreciate the significant value the organization brings to the citizens of Massachusetts. I am proud of the work we do to improve access to credit and build partnerships towards this effort.