NEWS & UPDATES

Panel Addresses Banking Issues Among People of Color

Worcester Magazine | March 28, 2018

Two dominant issues emerged from a forum on banking practices among communities of color Wednesday night: the lack of bank branches in Worcester’s poorer neighborhoods and home foreclosures.

More than a dozen residents spoke to the large panel consisting of elected officials and representatives of major area banks and credit unions.

Bankers Get an Earful in Worcester on Serving Minority Communities

Telegram & Gazette Staff | March 28, 2018

Edna Austell said she tried to work with five different banks to get a modification on her loan while her home went through foreclosure. But every time she sent in paperwork, the banks would say that something was missing and reject her application.

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