shadow

BOSTON PLANS STEPS TO BOOST LENDING TO MINORITIES

Mayor Raymond Flynn plans to encourage banks to increase loans to minorities by depositing city funds only in institutions that grant loans to the minority community. The move followed a recent Federal Reserve Bank report that said white Boston neighborhoods receive more mortgages than black neighborhoods. The US House Banking Committee has scheduled a hearing for Sept. 29 in Boston on the issue.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.