MCBC Bulletin - Summer 2017
MCBC Bulletin helps you to stay current and get connected. Read on for more info about upcoming events, program updates, committee activities, and news from the community reinvestment field.
Reconnect with MCBC

When you attend an MCBC meeting or event, you never know what might spark your interest and resonate with the goals your organization or financial institution. As summer wraps up and we all prepare for the busy fall season, commit to getting the most out of MCBC by joining us for one of our events.

You can do this by attending our regular Mortgage Lending and Economic Development Committees in Boston. Or if you are located in Lowell. Lawrence, and the North Central region, MCBC is coming to you! And we have an Anchor Institution Hackathon, CRA Basic Course and Changing Patterns Forum coming up. More details below.

And as always, check out the Community Reinvestment Digest News to stay current and get connected from the comfort of your own desk.

I hope to see all of you over the next few months. 
In This Bulletin






Have you been meaning to get to an MCBC Committee Meeting, but haven't gotten around to it yet? This fall is a great time to join us. Our Mortgage Lending Committee and Economic Development Committee meetings are where the rubber hits the road. You will hear from guest speakers on programs that serve low and moderate income communities, make connections with colleagues who can assist in advancing your work and mission, and stay current on new and emerging community development initiatives.

Each Committee is co-chaired by a financial institution and a community representative and are open to all.
 
Mortgage Lending Committee:
All meetings are 9-11 AM at Massachusetts Housing Partnership, 160 Federal Street, Boston.
Tuesday, September 12 
Tuesday, October 24

Economic Development Committee:
Meetings are 9:30-11:30 AM at Interise, 197 Portland Street, 2nd Floor, Boston, MA.
Thursday, September 14 
Thursday, October 26

To make sure you receive information about upcoming meetings, contact Dana LeWinter at [email protected] or check out the MCBC Website.



Are you a Financial Institution or Community Organization working in the Lowell, Lawrence or North Central region? MCBC is coming to you!

Starting this fall, MCBC will be holding regular meetings throughout the year in your region to help foster conversations and impact access to credit in traditionally underserved communities. Meetings will include an introduction to MCBC's work and model, access to our current members and partners, and coverage of lending disparities highlighted in our two key reports, Changing Patterns and Small Business Lending in Massachusetts. Discussions and actions will be targeted to the unique lending and community development landscape in your region.

Save the date for Wednesday, November 1st for the launch event. More details to follow. To ensure you receive information about this new initiative, contact Dana LeWinter at [email protected] and sign up for the MCBC newsletter.

Don't miss out on connecting with MCBC this year. Save the date for these upcoming events.

November 8th: Anchor Institution Small Business Hackathon co-sponsored by the Economic Development Committee at the Federal Reserve Bank of Boston

December 13th: CRA Basics Course: Accessing Opportunities for Communities at Boston Private Bank. This course is for Community Organizations interested in learning more about how you can most effectively access opportunities and connect with lenders through the Community Reinvestment Act

January 23rd: Changing Patterns XXIV Forum sponsored by the Mortgage Lending Committee at MassHousing

More information and details on how to register for each event will be shared directly. 

Membership in MCBC is open to all banks, thrift institutions and credit unions. MCBC helps financial institutions to stay current on all of the information needed to meet CRA requirements and reach customers, while helping to connect with the community organizations and programs operating in target neighborhoods.

In accordance with State regulation, MCBC's activities, if benefiting a Financial Institution's assessment(s) or a broader statewide or regional area that includes the institution's assessment area(s), the Division will consider a state-chartered institution's membership dues to MCBC a qualified investment.
With more than 150 representatives from banks, credit unions, mortgage lenders, community organizations, public organizations, regulatory groups, trade organizations and others currently participating in and learning about MCBC committee activities, members are connecting with the right people and the most important information in a meaningful way. 


Click here to learn more and join MCBC for the upcoming year.

DigestNews
Community Reinvestment Digest News

A regular feature of MCBC Bulletin is the Community Reinvestment News Digest, in which we share a round-up of recent CRA-related news stories and reports. MCBC does not necessarily endorse the opinions expressed in the following articles, but is sharing the links for your use, discussion and information, and to keep the conversation going between our regular  meetings and events.

 
Homeownership and the Racial Wealth Divide from the Federal Reserve Bank of St. Louis
 
Boston can be an unwelcoming place to do business. Here's how to change that from The Boston Globe

Eastern Bank growth fund targets minority-owned firms from The Bay State Banner

New Report: Financial Check-Ups Boost Boston Residents' Financial Health from City of Boston

What Are the Costs of Segregation? from How Housing Matters

The Color of Entrepreneurship: Why the Racial Gap among Firms Costs the U.S. Billions from Center for Global Policy Solutions

Will the Hispanic Homeownership Gap Persist? from FreddieMac


Anchor Institutions: The Economic Benefits of Putting Community First from Federal Reserve Bank of Boston


Using homes as ATMs, not homebuying fervor, was more to blame for the housing crisis from Urban Wire

How OCC can help banks disrupt the payday loan industry from American Banker BankThink


Can Baby Bonds Help Shrink the Wealth Gap? from CityLab


The Importance of Entrepreneurship in Black and Latino Communities in Massachusetts from Federal Reserve Bank of Boston    

Wait... What? Ten Surprising Findings from the 2017 State of the Nation's Housing Report from JCHS Housing Perspectives

Reducing Racial Wealth Inequalities in Greater Boston: Building a Shared Agenda from Federal Reserve Bank of Boston

Local Contracting-Cost Cutting, Economic Development, Or Both? from Shelterforce


A 'Forgotten History' Of How The U.S. Government Segregated America from NPR

Santander Bank's new program focuses on entrepreneurs in low-wealth communities in Boston from The Bay State Banner

How Homeownership Became the Engine of American Inequality from The New York Times



Massachusetts Community & Banking Council | 800-982-8268
[email protected] | www.mcbc.info
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