Washington, D.C. – Today, in reaction to the House of Representatives passage of HR 3193, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement:
“It is indefensible that some members of Congress are so committed to protecting banks that they would vote to badly damage the Consumer Financial Protection Bureau (CFPB), an institution that looks out for the interests of consumers and taxpayers. Had the CFPB existed a decade ago, irresponsible lending would have been stopped in its tracks, and the housing crisis and the Great Recession would have been avoided. Today’s vote is a real indicator of which members of Congress prioritize the protection of banks over the protection of American consumers.”
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About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America’s working families.
