Credit union trade groups are pushing back against proposed legislation from Sen. Elizabeth Warren that would potentially wrap some credit unions under the Community Reinvestment Act.
The number of small business loan originations and total volume in minority areas in Massachusetts in 2016 was the highest it’s been in nearly a decade. But both of those categories still only make up less than 10 percent of all Community Reinvestment Act loans issued in the commonwealth in 2016.
The Massachusetts Division of Banks released its decisions, applications and CRA grades for the month of February.
It’s no surprise that Michael Roy became a CRA officer, as the position brings together two of his greatest passions – community banking and community service. Volunteering is “my obligation as a community member,” he said. “The ability to help out others is an important part of being in a community. It helps us all be stronger when everyone has opportunities.”