City and Yale Law Clinic Rank Banks in First-Ever New Haven Community Impact Report Card

The City of New Haven and the Community and Economic Development Clinic at Yale Law School today released the first-ever New Haven Community Impact Report Card, indexing banks operating within New Haven on 30 categories ranging from home loan applications to fees. The Community Impact Report Card was designed for two audiences: consumers, who can use the ratings to comparison shop, and banks, who the City hopes will use the ratings as an impetus to strengthen their product and service offerings. The central motivating principle behind the project is the belief that providing consumers with basic information about financial products and services will encourage banks to be more responsive to community needs. To view the report, visit www.cityofnewhaven.com/CIRC