“We urge the President and Congress to create a strong and independentConsumer Financial Protection Agency and not give in to efforts todiminish its power. We also urge serious consideration of the callsfrom economists, mortgage experts and consumer groups to reduce notjust the paperwork but the loan principals as well to stop theforeclosure crisis and, as a result, stem job loss and revive theeconomy.”
The National Community Reinvestment Coalition is an association of morethan 600 community-based organizations that promote access to basicbanking services, including credit and savings, to create and sustainaffordable housing, job development and vibrant communities forAmerica’s working families.
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