Federal Bank Regulators Release CRA Updates

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.

M&T Announces $43B Community Benefits Plan

As part of its acquisition of People’s United Bank, Buffalo-based M&T Bank has created a five-year community growth plan that will provide $43 billion in loans, investments and other financial support to communities within its footprint.

OCC Drops Trump-Era CRA Reform

The yearslong effort to update the Community Reinvestment Act will continue, this time with the three federal banking regulators working together, a move supported by both banks and community organizations.

Boston Ranks Near Top in Gentrification Study

Income and home price gains were concentrated in a handful of neighborhoods in booming U.S. cities including Boston during a portion of the past decade, according to a study of wealth concentration and gentrification patterns.