Under the plan, developed as part of the financial services company's application to acquire
The plan also includes:
* For up to
* Community development lending and investments focused on new capital rather than retraded assets or prior period investments.
* Expansion of Morgan
* Strengthening of
* Supporting the establishment of federal uniform reporting standards in the area of supplier diversity.
* Semi-annual meetings between
The plan was developed with input from NCRC and its members, and it will focus on underserved populations, including people of color and people with low- and moderate-incomes.
“This is a big commitment for
Since 2016, NCRC has negotiated community benefits plans with 12 different banks for lending, investments and philanthropy in underserved communities worth a combined
“We are pleased that NCRC appreciated the unique investment banking approach