Bankingdive: KeyBank, NCRC Team Up On $25M Pledge

Bankingdive, April 4, 2024, KeyBank, NCRC Team Up On $25M Pledge

KeyBank and the National Community Reinvestment Coalition announced Wednesday a collaborative effort to improve the bank’s lending in nonwhite communities, a year after the fair-lending advocacy group raised concerns about KeyBank’s mortgage lending practices.

KeyBank has pledged $25 million to address issues previously highlighted by the NCRC’s report, which criticized the bank’s lending record to Black borrowers in late 2022, NCRC CEO Jesse Van Tol announced while speaking at the advocacy group’s Just Economy conference.

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