2.20.2015

Responsible Banking Act

My firm has had the privilege of working with the New York City Department of Finance and the newly formed Community Investment Advisory Board to produce the first reports related to the recently passed Responsible Banking Act.  These reports are similar to the ones we do every year for the City of Philadelphia to shed light on how banks are doing in terms of home lending, business lending, and branch locations in low-income communities.  Equitable access to financial services and products is crucial to a functioning economy and a just society, and I am honored to play a role in informing the discussion through research, analysis, and discourse.

As part of this process, hearings are held in every borough of New York City, and these past two weeks I've attended three of the five.  You can find out more and look at video here.  Our Needs Assessment report will be completed in April and our Annual Report in November. 


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