News

FirstGenHome – From Massachusetts to Minnesota and Beyond

August 10, 2023

It started in Dorchester. The nation’s first ever program to support first-generation homebuyers, those without the Bank of Mom and Dad, was launched here in Massachusetts in 2019 by the Massachusetts Affordable Housing Alliance. In just four short years, the concept has taken off and now eleven different locations have first-gen programs, according to a […]

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News

Partnership for Financial Equity and Woodstock Institute Release Mortgage Lending Matters

June 29, 2023

Number of Mortgages to Black and Latino/a Households Remain at All-Time Highs for Second Consecutive Year; Boston Losing Buyers of Color with Gateway Cities Gaining Boston, MA – More Black and Latino/a homebuyers in Massachusetts received home- purchase mortgages in 2021, surpassing the previous high from a year earlier, than at any time in the […]

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Events

Banking Services Committee to Hold First Meeting of Year on March 1st

February 17, 2023

Join us for our first Banking Services Committee meeting of 2023 co-chaired by Jason Andrade from Compass Working Capital and Lena Buteau from Monson Savings Bank. We will be re-viewing requirements for Basic Banking for Massachusetts, pre-viewing a new Basic Banking website and discussing pre- and post-pandemic banking service trends. Join us! If you select […]

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News

Should Massachusetts have a small business borrowers bill of rights?

February 16, 2023

Our small business lending committee tackled this question on February 16th with an excellent presentation from the Responsible Business Lending Coalition; New York State CDFI Coalition; and New Jersey Citizen Action. Co-chaired by Ana Hammock of Ascendus and George Drugas of Harbor One Bank, we discussed successful campaigns in New York and California and what it […]

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News

MCBC is now the Partnership for Financial Equity

December 15, 2022

Boston, 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 […]

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News

Inaugural Financial Equity Summit draws over 300 for two-day event

December 05, 2022

Our 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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Events

CRA Peer Group to Hold Next Meeting December 7th

November 03, 2022

Are you responsible for Community Reinvestment Act compliance at your institution? How will CRA reform impact your compliance efforts? Wondering what the new small business lending reporting requirements will mean for your institution? We will continue building a strong and active CRA officer network with our next meeting on Wednesday, December 7th. Partnership for Financial […]

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News

MCBC Releases Report on 2020 Small Business Lending Patterns with UMass Donahue Institute

October 07, 2022

Boston, MA – Lending to small businesses in Massachusetts peaked in the first year of the pandemic but not to low- and moderate-income and majority persons of color census tracts, according to a report released today by the Massachusetts Community & Banking Council and the University of Massachusetts Donahue Institute. Overall, Community Reinvestment Act data […]

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CRA Peer Group to Hold First Meeting October 19th

October 01, 2022

On October 19th, the Partnership for Financial Equity will hold its first-ever meeting for Community Reinvestment Act officers co-chaired by Vanessa Greene of Cape Cod 5, Tom Golden of Rockland Trust and Delisa Joseph of Needham Bank. Our CRA Peer Group is simultaneously a network, resource and voice on CRA policy. Through ongoing dialogue with […]

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Events

MCBC Financial Equity Summit Coming on Oct 3-4

September 27, 2022

Event Date: October 3, 2022 Amazing speakers. Compelling topics. Thought leaders. Registration is OPEN! On October 3rd and 4th, MCBC will host our inaugural Financial Equity Summit with the Arbella Insurance Foundation as Presenting Sponsor. The summit is a two-day event with local and national speakers focusing on closing our racial wealth gap in Massachusetts […]

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