An analysis of a new bill proposed by Sen. Elizabeth Warren would fund 273,000 new affordable housing units per year over 10 years, according to an analysis by Moody’s Analytics commissioned by Warren’s office and released Monday.
Roxbury-based BlueHub Capital’s Karen Kelleher is seeing no let-up in demand for the lender’s services as an intermediary piecing together financing packages for real estate projects in low-income communities.
A year after ChatGPT burst onto the national stage, Massachusetts’ banks and credit unions have begun adopting artificial intelligence-powered software tools in quests to enhance customer experience, offer new products or improve operational efficiency.
Bankers are grappling with complex changes to Community Reinvestment Act regulations.
As Massachusetts banks wait to see how a lawsuit by national banking trade groups over changes to federal Community Reinvestment Act rules will turn out, they’re facing a large number of additional unknowns.
TD Bank recently announced it was planning to spend $20 billion on a community benefit plan aimed at helping low- to moderate-income and minority communities in Boston and elsewhere. So, how are these big plans crafted, and where exactly do these funds go?
The Massachusetts Bankers Association is voicing support for a lawsuit filed by national bank trade groups earlier this week over stringent and what the national groups call “counterproductive” changes made to Community Reinvestment Act rules.
TD Bank’s latest “community impact plan” will see $10 billion worth of residential lending towards low- and moderate-income borrowers and minority borrowers focused on six cities in the bank’s 15-state footprint.
After the release of the new Community Reinvestment Act rules last month, community groups say banks must be careful in expanding too fast, and instead should focus on improving lending and investments in low- to moderate-income communities in areas they already serve.
The final version of federal bank regulators’ latest attempt to bring the nation’s anti-redlining rules into the 21st century has been revealed after the Federal Reserve Board of Governors voted Tuesday to issue a final rule revamping its Community Reinvestment Act regulations.
Isabel Cruz is a familiar face to some in the housing advocacy world from her time at MHP. Now, she’s taking that experience to lead Boston-area CRA work at M&T Bank as it looks to build on the work of the former People’s United Bank.
Regulators and politicians must recognize the complex nature of climate-related risk and develop rules as a series of steps, not aim for perfect regulations from day one.
Proposed updates to this foundational civil rights law miss two key changes that would dramatically improve its effectiveness.
The latest attempt to renovate the Community Reinvestment Act could pose serious challenges for larger banks that have used online lending to find business over a wide area.
Banking trade groups say the latest CRA reform will put smaller lenders at a disadvantage. And advocacy groups think it doesn’t go far enough to help correct redlining’s racial legacy.
As part of its Community Reinvestment Act activities, Needham Bank plans to give $2 million to a venture capital fund that invests in businesses led or founded by women and people of color.
The first update to regulations implementing the Community Reinvestment Act in almost 20 years. Smaller lenders could see requirements tailored to their size, business model and local conditions.
The three major U.S. banking regulators said Thursday they a plan to rewrite much of the outdated regulations tied to a decades-old banking law designed to encourage lending to the poor and racial minorities in the areas where banks have branches.
Federal prosecutors have launched a new initiative targeting “modern-day redlining” by residential mortgage lenders.
One of the state’s two major affordable housing and homeownership finance organizations has landed a major contribution that it says will help support a range of housing priorities.
