NCRC head Jesse Van Tol provided an update on KeyBank and previewed the upcoming fight with Capital One at the 2024 Just Economy Conference.
Jesse Van Tol’s Keynote Speech At The 2024 Just Economy Conference Read More »
KeyBank continued its years-long retreat from promoting Black and low-income homeownership in 2022, an analysis of the most recent federal data on mortgage lending reveals. Black borrowers made up just 2.6% of the Cleveland-based bank’s home purchase mortgage lending in 2022, down from 3% the year prior. KeyBank has been pulling back from supporting Black
KeyBank’s Betrayal Of Black And Low-Income Homebuyers Continued In 2022 Read More »
“The allegations in this new lawsuit…make me wonder: What else is KeyBank hiding?”
“Good cities shouldn’t do business with bad banks, so it’s great to see the New York commissioners take action here,” NCRC President and CEO Jesse Van Tol said.
“KeyBank knew they violated their promises to marginalized communities, but chose to…prioritize damage control over doing the right thing.” — Jesse Van Tol
“When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” NCRC’s Jesse Van Tol said.
Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining Read More »
Community groups are asking Community Reinvestment Act regulators to accurately assess KeyBank’s poor performance and broken promises.
The Cleveland-based mortgage lender abandoned Black America and broke its promises to community groups.
Why We’re Breaking Up With KeyBank Read More »
Among the 50 biggest mortgage lenders, KeyBank ranked last on one important metric of racial inclusion. KeyBank’s broken promises to Black America have prompted a leading economic justice organization to break ties with the bank.
Broken Promises To Black America Prompt Community Advocate To Break Ties With Bank
Community benefits agreements (CBAs) are a way for banks to spell out, in writing, how they will satisfy CRA requirements when they merge. The agreements are between banks and community groups.
Washington, DC – Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement: “We applaud FHFA and Director Watt for taking this important step in the
NCRC Applauds FHFA Principal Reduction Modification Program Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and KeyBank signed a landmark $16.5 billion community benefits agreement. The commitment, signed at the 2016 NCRC Annual Conference, is the largest by a single bank in recent history. KeyCorp’s Chairman and CEO Beth Mooney and NCRC’s President and CEO John Taylor were joined at the signing by community leaders
NCRC and KeyBank Announce Landmark $16.5 Billion Community Benefits Agreement Read More »
