Division of Banks holding Public Hearing on April 11th on 209 CMR 46.00 and 54.00
March 23, 2016
A Public Hearing will be held by the Division of Banks on Monday, April 11th at 3:00 PM at 1000 Washington Street, Hearing Room 1-E, Boston, Massachusetts on proposed amendments to 209 CMR 46.00: Community Reinvestment and 209 CMR 54.00: Mortgage Lender Community Investment.
MCBC Attends National Community Reinvestment Coalition Annual Conference
March 22, 2016
MCBC Executive Director Dana LeWinter traveled to DC for the National Community Reinvestment Coalition’s Annual Conference from March 16-18. Celebrating 25 Years in 2016, this year’s NCRC Annual Meeting was titled “Creating a Just Economy” and included 3 days of trainings and events focused on just that. Workshops were focused around several tracks, including “Access to Credit, Capital and Banking Services”, “Housing” and “Business Development”.
People’s United Bank’s Reality Check for Danvers High School Seniors
March 22, 2016
On March 14th, 250 seniors from Danvers High School participated in People’s United Bank’s annual Reality Check program. This is a program designed to prepare high school seniors for life beyond the classroom. The financial literacy program gives the students a hands-on lesson on the basics of budgeting.
MCBC Hosts Forum on Changing Patterns XXII
February 23, 2016
In its annual report on mortgage lending patterns, Changing Patterns, the Massachusetts Community & Banking Council (MCBC) highlights differences among lending patterns by race, income, and community. The report shows that in 2014, blacks in Boston made up 21.0% of households, but received only 3.6% of loans, while Latinos made up 13.7% of households and received 4.0% of loans. In Greater Boston, blacks were 7.3% of households and received 2.0% of loans, while Latinos were 6.8% of households and received 3.2% of loans.
Announcing 2016 Basic Banking for Massachusetts Participants
February 17, 2016
Basic Banking for Massachusetts was launched in 1994 as a voluntary program to expand access to bank products and services and to encourage those with modest incomes to establish banking relationships. The guidelines were developed jointly by community and bank representatives. This year, 92 financial institutions are participating in the Basic Banking for Massachusetts program. Thanks to all of our participating financial institutions. You can find a list of them here or go to www.basicbanking.org to learn more.
MCBC Releases Small Business Lending Report 2014
January 14, 2016
MCBC announces the release of Small Business Lending in Massachusetts, 2007-2013. The report, the seventeenth in a series, reviews recent small business lending trends across the state with an emphasis on traditionally underserved areas. The report also reviews changes in economic conditions and other factors that affect small business lending. The report was prepared for MCBC by Stuart Ryan of BankMaps LLC.
Sign up to Participate in Basic Banking for Massachusetts in 2016
December 17, 2015
Celebrating its 22nd year in 2016, Basic Banking for Massachusetts was launched in 1994 to expand access to bank products and services and to encourage those with limited incomes to establish banking relationships. Basic Banking for Massachusetts has been cited as a national model of cooperation between community and financial leaders. During 2015, 102 banks and credit unions participated in the Basic Banking for Massachusetts program.
MCBC Releases Changing Patterns XXII
February 17, 2015
MCBC announces the release of Changing Patterns XXII: Mortgage Lending to Traditionally Underserved Borrowers & Neighborhoods in Boston, Greater Boston and Massachusetts, 2014. This is the twenty-second in the annual series of Changing Patterns reports prepared for the Massachusetts Community & Banking Council (MCBC). The report presents information on home-purchase mortgage lending in the city of Boston, in Greater Boston, in Massachusetts, in Boston neighborhoods, and in thirty-six large cities. The report was prepared for MCBC by Jim Campen, professor emeritus of economics at UMass Boston.