Banking Dive, May 5, 2023, KeyBank agrees to third-party racial equity audit
The National Community Reinvestment Coalition asked the Federal Reserve and the Office of the Comptroller of the Currency to downgrade KeyBank’s Community Reinvestment Act rating in a letter March 31.
The NCRC published a report in November asserting that KeyBank had the lowest percentage of mortgage originations to Black borrowers among the top 50 mortgage lenders in 2021.
