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TWENTY-SIX NEW FINANCIAL INSTITUTIONS JOIN MCBC BASIC BANKING WEBSITE
MCBC LAUNCHES NEW BASIC BANKING WEBSITE
BOSTON, MA – OCTOBER 19, 2011. The Massachusetts Community & Banking Council (MCBC) announced today the launch of a new Basic Banking website (www.basicbanking.org) intended to assist new customers in finding a bank and bank products that best meet their families’ needs.
The new website will allow customers to:
Property and Casualty Initiative presentation to MCBC's Economic Development Committee
Attachment below
MassDevelopment presents report to MCBC Economic Development Committee
MassDevelopment presents report to MCBC Economic Development Committee (attachment below)
New consumer advisory released: "Staying Afloat, Managing Your Finances in a Changing Economy"
New consumer advisory released: "Staying Afloat, Managing Your Finances in a Changing Economy: Nine ways to save your money, reduce your expenses, and protect your future" (www.masssaves.org/sites/default/files/StayingAfloat-Midas.pdf)
Boston Alliance for Economic Inclusion releases a new guide for trainers on high-cost financial products
Boston Alliance for Economic Inclusion releases a new guide for trainers on high-cost financial products (attachment below)
Mass. Division of Banks releases new report on the high cost of check cashing services
Massachusetts Division of Banks releases new report on the high cost of check cashing services as compared to Basic Banking accounts (www.mass.gov/Eoca/docs/dob/checkcasherreort2010.pdf
Office of Consumer Affairs & Business Regulation announces new "Save Money! Bank On It" campaign
Office of Consumer Affairs & Business Regulation announces new "Save Money! Bank On It" campaign to promote lower-cost banking services; new consumer brochure available (www.mass.gov/bankonit)
Massachusetts Financial Education Collaborative launches new website
Massachusetts Financial Education Collaborative launches new website for consumers and training providers (www.masssaves.org)
Small Business Lending Report Released
Small Business Lending in Massachusetts, 2005-2008
February 2010 AppendixTo read the abstract click HERE
To read full report click HERE
In its eleventh report on small business lending, the Massachusetts Community & Banking Council (MCBC) shows a significant decline in small business lending in 2008. Utilizing lending data collected under the Community Reinvestment Act (CRA), the report also shows persistently lower small business lending rates in the state’s lower-income and minority areas.
New Mortgage Lending Report Released
MCBC releases new expanded report on 2007 small business lending
For the report, click here.
Massachusetts Trails New England and the U.S. in
Small Business Loan Growth
Report Shows Persistently Lower Small Business Lending Rates
In the State’s Low Income and Minority Areas
