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News  Notice of Open Meeting: Focus Group Sessions for Special Commission to Plan, Develop, and Implement Strategies to Support and Promote Minority-Owned Real Estate and Financial Services

Notice of Open Meeting: Focus Group Sessions for Special Commission to Plan, Develop, and Implement Strategies to Support and Promote Minority-Owned Real Estate and Financial Services
2/03/2020
  • Division of Banks

Focus Group sessions with invited industry representatives to solicit input from individuals and entities interested in the mission of the Special Commission to Plan, Develop, and Implement Strategies to Support and Promote Minority-Owned Real Estate and Financial Services (Special Commission).

When:             Tuesday, February 11, 2020

Time:                9:00 a.m.-10:00 a.m.: Banks

                        10:30 a.m.-11:30 a.m.: Credit Unions

                          1:00 p.m.-2:00 p.m.: Mortgage Lenders and Mortgage Brokers

                          2:30 p.m.-3:30 p.m.: Realtors and Others      

Where:            Reggie Lewis Track & Athletic Center – Seminar Room 217

                        1350 Tremont Street

                        Roxbury, MA  02120  

Overview and Purpose of Focus Groups

As set forth in SECTION 61 of Chapter 228 of the Acts of 2018, “There shall be a special commission to plan, develop, and implement strategies to support and promote minority-owned real estate and financial services organizations in the commonwealth…”  The Special Commission has invited representatives of the banking, credit union, mortgage lender and broker, and realtor sectors to meet in four respective discussion panels to provide comments and recommendations on the following:

  • Identification of barriers to professional licensure for socially or economically disadvantaged persons including, but not limited to, barriers to obtaining a mortgage lender and mortgage broker license; approval for state bank charters; and insurance or carrier licenses;
  • General and specific recommendations to help plan, develop, and implement strategies to support and promote minority-owned real estate and financial services organizations in the Commonwealth;
  • Additional information or recommendations in support of the mission of the Special Commission.

Specific questions about this process or the nature of this session should be directed to Sean Powers, Vice Chair, at 617-727-3074. 

This notice was posted on 2/3/2020 at 12:00 p.m.

  • Division of Banks 

    The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
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