The American Prospect, December 13, 2022, KeyBank Promised to Increase Low-Income Lending, Then Did the Opposite “This example is exactly why we need to re-evaluate the merger approval process,” said Jesse Van Tol, NCRC’s president and CEO. A review of the historically permissive bank merger procedures is under way, and sorely needed. For outside groups […]
The Buffalo news, December 8, 2022, Community coalition criticizes KeyBank over lending to Black customers In a report released Thursday, the NCRC blasted Key’s performance with low- and moderate-income borrowers and communities, accusing the bank of failing to meet its commitments to improve its lending in those categories over the past several years. Citing federal
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Brown, Casey, Colleagues Introduce Bill to Ensure a Fair Banking System, December 06, 2022, Brown, Casey, Colleagues Introduce Bill to Ensure a Fair Banking System “Letting Big Tech and commercial companies operate banks without proper oversight will only open doors for predatory lending, invasions of consumer privacy, and broader financial instability,” said Brown. “To protect
National Mortgage News, December 13, 2022, FHFA asked to raise income limits for 3% down-payment programs “Origination rates for white applicants were higher than that for Black applicants regardless of applicant income level,” NAREB noted in its report, which includes research from authors James Carr and Michela Zonta. (Carr is a housing finance and policy
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