https://ncrc.org/report-keybank-promised-to-improve-then-became-the-worst-major-mortgage-lender-for-black-homebuyers/?utm_source=rss&utm_medium=rss&utm_campaign=report-keybank-promised-to-improve-then-became-the-worst-major-mortgage-lender-for-black-homebuyers National Community Reinvestment Coalition Fri, 09 Dec 2022 13:54:39 +0000 hourly 1 https://wordpress.org/?v=7.0.4 https://ncrc.org/report-keybank-promised-to-improve-then-became-the-worst-major-mortgage-lender-for-black-homebuyers/#comment-21091 Fri, 09 Dec 2022 13:54:39 +0000 https://ncrc.org/?p=127221#comment-21091 This does not surprise me at all. At least 25 years ago, in Detroit Michigan, we found out that KeyBank would “file” African American and Women applications for most of their products into the garbage bins after they left the bank. It appears they did not change their behavior, just masked it! Good for you NCRC for publishing the report.

]]> https://ncrc.org/report-keybank-promised-to-improve-then-became-the-worst-major-mortgage-lender-for-black-homebuyers/#comment-21090 Fri, 09 Dec 2022 12:59:46 +0000 https://ncrc.org/?p=127221#comment-21090 It’s not just Key Bank, the recently formed Truist Bank, after the merger of Sun Trust and BB&T, has closed branches in under served communities and it’s too executives insisted that the new merger would benefit small black owned businesses. When pressed in 2020 how they would step up to support small black businesses., they said they had programs in place for support, offering business checking accounts! That was the extent of their commitment and it hasn’t improved to this day.

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