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 […]
Read More NewsMCBC 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 […]
Read MoreCRA 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 […]
Read More EventsMCBC 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 […]
Read MoreFinancial Equity Summit Registration in now open!
August 24, 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 and the nation and thinking […]
Read MoreMCBC’s 2022 Mortgage Lending Trends report is out
June 29, 2022
MCBC Mortgage Report 2022 The report was prepared by UMass Donahue Institute’s Economic & Public Policy Research Group.
Read MoreMCBC’s Mortgage Lending Report Inspires Policy Innovation at MassHousing
May 27, 2020
MassHousing shares with MCBC’s Board of Directors how Changing Patterns XXV, authored by Jim Campen, informed policy goals MCBC’s 2018 mortgage lending report, Changing Patterns XXV, authored by Jim Campen, drew awareness to the racial homeownership gap. The racial homeownership gap is particularly pronounced in Massachusetts. The U.S. homeownership rate is 63.9%; but only 46% of […]
Read MoreMCBC’s Small Business Lending Roundtable Roundup – Spring 2020
May 02, 2020
Leaders in Small Business Lending Discuss 2019 Accomplishments MCBC kicked off its 2020 Small Business Lending Roundtable series on January 23rd in Boston at Eastern Bank. Leader Bank and Dorchester Bay Neighborhood Loan Fund highlighted accomplishments from 2019. Leader Bank’s Patrick Daaboul (SBA Administrator) and Sandeep Jain (AVP- Commercial Loan Officer) discussed the institution’s role in […]
Read MoreFrom the Boston Fed: SBA Paycheck Protection Program Resources
April 25, 2020
The second round of funding for the SBA Paycheck Protection Program (PPP) opens on Monday April 27th. The second round of funding is expected to run out quickly. Therefore, the Boston Fed created a resource page for small businesses and nonprofits to aid them in applying to this program. The resource page includes: – An info […]
Read MoreMCBC’s comment letter responds to Community Reinvestment Act reform
April 06, 2020
The Massachusetts Community & Banking Council, Inc. (MCBC) submitted a comment letter to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) in response to the notice of proposed rule making to reform the Community Reinvestment Act (CRA). The proposed regulations are extensive and attempt to: clarify which […]
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