It’s been 30 yrs since rules for the #CommunityReinvestmentAct have been updated. Recent litigation means an unacceptable delay in efforts to modernize the law resulting in LMI neighborhoods and communities of color waiting too long for increased investment. #financialequity

A recent Redfin survey finds that more than a 1/3 of young homebuyers plan to use a cash gift from family to fund down payments, suggesting that intergenerational wealth may fuel gaps among the next cohort of homebuyers. urbn.is/4b07yLr

Join us Thurs am at 9 for an engaging conversation w Louis Caditz-Peck, Responsible Business Lending Coalition (RBLC). What comes next after 1071? What can #smallbusinesslending field learn from #housing field about policy and market solutions? us02web.zoom.us/meeting/regist…

Our new study outlines wealth-building opportunities for Boston’s diverse small businesses. Lived experiences and history of systemic inequities in Dorchester, Roxbury, Mattapan and East Boston are spotlighted. donahue.umass.edu/news-events/in…

The 2024 #JustEconomy Conference brought together over 1,200 community leaders, policymakers, and industry professionals to discuss key topics like banking mergers and responsible AI in lending. Catch the best moments from this unforgettable conference!! hubs.ly/Q02vSXxF0

Hiring is hard for Massachusetts small businesses. Just 15% call it easy, 61% hard. Top reasons it's hard are ...
1. Cost of living
2. Cost of housing
More from our survey of Mass. small businesses for the Coalition for an Equitable Economy here. massincpolling.com/the-topline/sm…

Our forum on impact of recent National Association of REALTORS® settlement and its impact on first-time buyers featured Katherine Meisenheimer at LAER Realty Partners. “In the long run we are going to end up, in some ways, back where we started with just…a season of chaos to get there.” #FinancialEquity

Great forum this afternoon on appraisal bias hosted by New Jersey Division on Civil Rights-DCR

Hear Elizabeth Warren discuss how #FHLBanks spent 8.5x as much on dividends to their members than on #affordablehousing programs. FHFA needs to issue its proposed rulemaking to clarify the FHLBanks’ mission and review membership as soon as possible! Senate Banking and Housing Democrats

Join us on April 23rd at noon for a lively discussion on what the recent National Association of REALTORS® settlement could mean for first-time and first-gen homebuyers. us02web.zoom.us/meeting/regist…

#OTD in 1968, the landmark Fair Housing Act was signed into law by President Lyndon Johnson, who proclaimed “…fair housing for all — all human beings who live in this country — is now a part of the American way of life.” #FairHousingMonth bit.ly/3U0Lev6

Bloomberg: U.S. weighs ban on charging buyers for lender title insurance

'The Consumer Financial Protection Bureau’s plan is still in the early stages, according to people familiar with the matter.'
bloomberg.com/news/articles/…

A short video about Beyonce, Fannie Mae, and fire insurance. #COWBOYCARTER

Insurers' defense of soaring premiums raises eyebrows as reports show record profits. Are climate change risks being exploited to justify unjustifiable costs? Dive into the implications for affordable housing. bit.ly/4ayDGpv

In MA, 23% of banks have “outstanding” CRA ratings; just 6% of credit unions and 0% of mortgage companies have same designation. Our ED Thomas Callahan joined BayCoastBank’s Monique Campeau, consumerfinance.gov’s Diane Standaert and Woodstock Institute Horacio Méndez on a panel NCRC this week.

'The challenge that I find is that there is still an apprehension because they left out the word race. People assume it's just about low to moderate income communities.' - Monique Campeau

#fairhousing #fairlending #racialequity #genderequality #healthequity #JustEconomy

'One of the challenges coming up is encouraging mortgage companies and banks to work together.' - Thomas Callahan

#economicjustice #fairhousing #fairlending #racialequity #genderequality #healthequity #JustEconomy

Lots of great attention to #FirstGenHome and #SpecialPurposeCreditProgram development NCRC #JustEconomy conference which gives us a chance to promote our reports on these subjects from 2023. financialequity.net/announcement/n… and financialequity.net/announcement/f…. #FinancialEquity

Can we just end judge👨‍⚖️ shopping 🛒? It’s no way to run a railroad 🛤️.

We added three new board members this week! Welcome Delisa, Vanessa and Emily. Delisa Joseph is Vice President and CRA Officer Needham Bank. Vanessa Greene is EVP and Chief Risk Officer for Cape Cod 5. Emily Haber is President & CEO MACDC. #FinancialEquityFriday