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 data, the NCRC said Black borrowers in the Buffalo area got mortgage loans from Key just 65 times in 2021, accounting for only 2% of the bank’s production in the market last year. The report said other top banks in Buffalo were two and half times as likely to originate a loan to a Black borrower as KeyBank.
