Performance Exam shows high marks in Lending, Investment, Service in low- and moderate-income communities
MIAMI, May 5, 2020 /3BL Media/ – Wells Fargo & Company today announced that its most recent Community Reinvestment Act (CRA) rating for Florida is “Outstanding.” Wells Fargo also received a national rating of “Outstanding” from the Office of the Comptroller of the Currency (OCC) as a result of the company’s strong performance on the exam’s components and the company’s proven commitment to serving low- to moderate-income communities. The bank’s strong performance on the exam’s components reflected positive results in Florida and other markets the bank serves.
NEW YORK, May 5, 2020 /3BL Media/ - On #GivingTuesdayNow, we’re proud to recognize and support the heroic efforts of organizations, essential workers and others who are putting in countless hours to care for and provide relief to communities impacted by the COVID-19 pandemic.
At the start of this crisis, American Express mobilized quickly to back nonprofits leading the charge to provide protective equipment to frontline healthcare workers, research and develop vaccines and treatments, and feed communities impacted by COVID-19.
Program feeds frontline healthcare professionals staying for free in rooms donated by Hilton and American Express and enables some furloughed restaurant staff to return to work in Los Angeles, New York City and Washington, D.C.
May 5, 2020 /3BL Media/ - American Express (NYSE:AXP) and Hilton (NYSE:HLT) recently teamed up to donate up to 1 million hotel room nights to medical professionals on the frontlines fighting COVID-19. Since April, hundreds of thousands of room nights have been booked.
Company expands its network to be an impactful member of the business community
FISHERS, Ind., May 4, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, is pleased to announce its acceptance to the Indiana Chamber of Commerce. The Indiana Chamber is the largest business advocacy group in the state representing businesses of all types and sizes.
The number of job losses due to the COVID-19 pandemic has been nothing short of staggering – with another 3.8 million people losing their jobs in the U.S. last week. While many companies have had to make the difficult decision to furlough employees, other industries are ramping up efforts to deal with increased need.
The COVID‐19 crisis is accelerating the transformation of business – one that solidifies the private sector mandate of a stakeholder‐first, rather than shareholder‐only, mentality. We’ve kept a pulse on this shift, brand action and stakeholder expectations, revealing that 75% of the U.S. public believes business must take action to protect employees, care for communities and support front-line workers in the fight against COVID‐19. Companies who have rapidly and authentically met this expectation demonstrate Purpose – at its finest.
As the coronavirus pandemic continues to unfold, and the implications for organizations evolves at a rapid pace, it is critical for us all to arm ourselves with the latest data and insights to guide our work – as well as be both proactive and adaptive.