American Banker, April 3, 2024, KeyBank Diffuses Community Tensions With New Agreement
The National Community Investment Coalition announced Wednesday that Cleveland-based KeyBank has pledged $25 million as part of an “agreement” between the two parties that could open the door to a new community benefits plan.
One year after the National Community Reinvestment Coalition asked regulators to investigate Key Bank’s mortgage lending practices for alleged redlining, the fair-lending advocacy group and the bank say they are working together again to improve Key’s lending in minority communities.
