MCBC’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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April 2020: Lending Roundtables & COVID-19 Resources Roundup

April 01, 2020

As Massachusetts adjusts to the economic hardships resulting from the COVID-19 pandemic, many are asking: What can we do? How can we help?   MCBC suggests starting here: Lending Roundtables First, let’s navigate this difficult time and get through it together. Attend MCBC’s lending roundtables hosted via teleconference during the lunch hour. The Mass. Division of […]

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MCBC announces research partnership with University of Massachusetts Donahue Institute

March 12, 2020

For immediate release Contact:   Regan St. Pierre, Executive Director Contact information: BOSTON, MASSACHUSETTS – The Massachusetts Community & Banking Council, Inc. (MCBC) is pleased to announce a three-year research partnership with the Economic & Public Policy Research Group (EPPR) at the University of Massachusetts Donahue Institute. To inform its membership and programming, MCBC will contract […]

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February 2020: Roundtables, Membership Drive, CRA Modernization & More

February 25, 2020

Last month, MCBC hosted Leader Bank, Dorchester Bay Neighborhood Loan Fund, and Merrimack Valley Housing Partnership. As a result, we learned: 32 down payment assistance (DPA) programs assist ~425 people in 67  of the Commonwealth’s 351 cities and towns annually. Some cities and town do not exhaust their funding for DPA programs Dorchester Bay has a new online lending platform and marketing […]

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January 2020- Mortgage Lending Roundtable Recap

February 24, 2020

On January 23rd MCBC hosted the first Mortgage Lending Roundtable of 2020. MCBC kicked off a four-part series on down payment assistance (DPA) programs. Roundtable attendees included representatives from Mass Bankers Association, CHAPA, National Consumer Law Center, area banks, realtors, and community organizations. Jim Wilde, Executive Director of the Merrimack Valley Housing Partnership (MVHP), shared […]

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Notes from the 9.17.19 Joint Lending Committees Meeting

November 07, 2019

In case you missed the joint Mortgage and Small Business Lending Committees Meeting on 9/17/19, details of the meeting are included below. Detailed meeting minutes can be found here. We were joined by Dave Madan of Boston Investments and founding member of the Builders of Color Coalition (BCC). BCC convenes minority real estate professionals in Greater Boston’s […]

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MCBC Issues Request for Proposals for State Lending Reports & Online Data Exploration Tool  

September 25, 2019

For immediate release Contact:   Regan St. Pierre, Executive Director Contact information: BOSTON, MASSACHUSETTS – The Massachusetts Community & Banking Council (MCBC) was established in 1990 to bring together community organizations and financial institutions to affect positive change in the availability of credit and financial services across Massachusetts. To inform its membership and programming, MCBC commissions […]

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Preserving Community Wealth: Forum on Financing Employee Ownership

August 01, 2019

Thursday, September 19, 2019 | 10am-3pm Federal Reserve Bank of Boston  |  New England Room Register here:   Description Across New England, established small businesses- most of them healthy and viable – are closing (rather than being sold) as owners age and retire. These established businesses drive local prosperity and ensure vibrant local economies. To […]

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Webinar for Community Partners

July 22, 2019

Nontraditional lending options to expand lending services Thursday, August 8th, 10:30am-12pm Register here: This webinar is limited to nonprofit organizations & non-profit lenders, we hope to be able to provide a similar offering to our member financial institutions in the near future.   Description As the credit industry continues to evolve to score more consumers, […]

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Notes from the 7.9.19 Mortgage Lending Committee

July 10, 2019

In case you missed the Mortgage Lending Committee Meeting on 7/9/19, details of the meeting are included below. MCBC provided an overview of the MCBC Mortgage Lending Report 2019 Timeline and Resources. We discussed the Changing Patterns reports as well as other examples of HMDA reports published by the Consumer Financial Protection Bureau, Urban Institute, […]

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