CEO Horacio Mendez joined Neighborhood Housing Services of Chicago President Anthony Simpkins in presenting analysis of lending in communities by banks seeking to hold city deposits.
As Black-owned banks disappear, politicians are under increasing pressure to save them. Big deposits are a ready solution, but sometimes they burden the banks more than they help.
We think it would be worth exploring the creation of a program where a city agency that’s not involved in the procurement process itself, or one or more non-profits under contract with the City, could provide technical assistance to...
Chicago city council members who wanted to question banks on their weak lending records in Chicago’s Black and Latino neighborhoods were disappointed Friday when banks skipped out on a hearing called by the Housing and Real Estate Committee.