Massachusetts banks looking to level the playing field for prospective homeowners and business owners who have experienced discrimination in the past are turning to an old, but rarely-used concept: special-purpose credit programs.
A new poll finds that Black small business leaders in Massachusetts disproportionately report being rejected when applying for financing.
Most banks are ignoring what could be a key tool to give equal credit access to people of color and narrow racial wealth gaps, a new report by the Boston-based nonprofit Partnership for Financial Equity argues.
New research sponsored by The Boston Foundation finds that, even after the pandemic put racial disparities in business lending into stark relief, Massachusetts entrepreneurs of color are still struggling to access capital.
After being agreeing to settle federal redlining charges for $9 million, Rhode Island-based Washington Trust said it will diversify its executive team and board of directors in an agreement with state officials there.
A new study is raising alarm about trends among Black and Latino homebuyers that its authors say could worsen the state’s racial wealth gap.
I constantly struggle with those who attempt to lay the blame for low minority homeownership rates at the feet of the mortgage lending industry. It is an extremely complex socioeconomic issue that requires a complex response.
Hopes for a just America cannot survive if the country does not come together to build a new system correcting centuries of racism, inequities and violence, Attorney General Maura Healey said Tuesday.
Many Bostonians of color find one of the city’s crowning jewels, the Seaport District, a hostile and unwelcoming place, a new survey has found. Fortunately, there’s still time to do something about it.
A new survey has found significant numbers of Boston’s black and Latino residents see the Seaport as a hostile and unwelcoming place, and many city residents feel the area is too expensive and exclusive.
For millions of Americans hoping to buy or refinance a home, it’s a crucial make-or-break question: Will the lender say yes to our mortgage application, turn it down or charge us a higher interest rate than we need?
