After being agreeing to settle federal redlining charges for $9 million, Rhode Island-based Washington Trust said it will diversify its executive team and board of directors in an agreement with state officials there.
Landlords of apartment buildings in Malden and Canton hired a Texas company to screen tenant applications automatically, prompting a pair of rejected tenants to file a court challenge.
Citing studies that have found racial disparities in mortgage lending, the Consumer Financial Protection Bureau said it plans to review recent changes to the Home Mortgage Disclosure Act (HMDA) rules and has requested public input on those rules.
Today, many of these neighborhoods house Black and immigrant populations that have been excluded from an aspect of the American dream – building wealth through equity. Most recently, the spotlight came down on the role real estate appraisers might play in perpetuating undervaluation of homes in some neighborhoods or owned by people of color.
Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
One of the first official actions Charlie Oppler took as the 2021 president of the National Association of Realtors was to issue a formal apology for the group’s contributions to racial segregation and inequality.
When Berkshire Bank’s Malia Lazu talks about entrepreneurship, she evokes a kitchen table, the place where family members and friends first talk about investing in the business. For entrepreneurs of color, the wealth gap between whites and people of color in America means these conversations, and the business itself, often never happen.
Many Bostonians of color find one of the city’s crowning jewels, the Seaport District, a hostile and unwelcoming place, a new survey has found. Fortunately, there’s still time to do something about it.
A new survey has found significant numbers of Boston’s black and Latino residents see the Seaport as a hostile and unwelcoming place, and many city residents feel the area is too expensive and exclusive.
Homeownership is a marker of a middle-class lifestyle, and a vehicle that creates family wealth over generations. But in Massachusetts, and across the US, the prosperity that homeownership unlocks is not enjoyed equally.
Outlets of Santander Bank, already under fire for lending practices, denied mortgages to women, minorities and low-income borrowers in the U.S. Northeast more frequently than nearby banks, according to an analysis by an industry reform group on Thursday.
