Jesse Van Tol, Chief Operating Officer of the National Community Reinvestment Coalition spoke today alongside Rep. Jamie Raskin (D-MD) and consumer rights leaders at a press conference and demonstration outside the Consumer Financial Protection Bureau’s headquarters.
Demonstration and press conference outside CFPB headquarters Read More »
Has Mr Trump kept his promise to revive American manufacturing, mining and the like? A more probable explanation is that he came to office just as America began to run out of willing workers to fill all of its job vacancies. As unemployment has fallen, from over 6% in mid-2014 to 4.1% today, wage growth has gradually picked up.
The Economist: Blue-collar wages are surging. Can it last? Read More »
The CFPB has emerged as that rare beast — a fast-moving agency that actually chalks up wins for average Americans. Industry’s answer has been a multimillion dollar, multi-front battle to discredit and defang the bureau, a war declared even before the enemy officially existed. Attacking the CFPB has become a growth industry in Washington. Hyperbolic, relentless, often scorchingly personal — it’s a campaign that more often than not resembles a street fight. Now the agency is vulnerable and soon to be in the hands of a Trump appointee.
Senate Banking Chairman Mike Crapo (R-Idaho) released the text of bipartisan “Economic Growth” legislation, which rolls back valuable fair lending requirements and protections from the dangerous banking practices that led to the 2008 financial crisis.
“This legislation will grow economic inequality rather than our economy, as its name suggests” said John Taylor, President and CEO of the National Community Reinvestment Coalition. “In the midst of several financial scandals, politicians on both sides of the aisle have again proven that their allegiances to Wall Street far surpass their promises to Main Street.”
Senate plan helps banks, not the economy Read More »
“I am especially concerned by the new limitations placed on the housing sector in this tax reform, which will make it more difficult to expand our supply of affordable housing in the midst of a housing crisis. If the Senate cannot stop this terrible legislation, then they need to find another job,” said John Taylor, NCRC’s President and CEO.
House passes $5.5 trillion tax reform bill Read More »
“Otting is the new sheriff, and in assuming that responsibility we hope that working class Americans will still be fairly served by banks and able to access financial opportunity,” said John Taylor, President and CEO of NCRC.
Otting confirmed to replace acting Comptroller Keith Noreika Read More »
Cordray’s departure kicks off a high-stakes scramble to secure the future of the CFPB, a powerful Washington regulator that has cheered consumers and angered businesses as well as Republicans, who have accused it of overreaching. The independent bureau is the only bank regulator not led by a Trump appointee.
Politico: Cordray to resign from CFPB, clouding future of watchdog agency Read More »
November 16, 2017 Dear Representative, We, the undersigned members of the National Community Reinvestment Coalition (NCRC), are writing to urge you to oppose H.R. 1, the Tax Cuts and Jobs Act. Among other reasons, the bill includes several provisions that would undermine incentives in the nation’s tax code for low- and moderate-income (LMI) families to
Letter in Opposition to Bill H.R. 1 Read More »
“We must all hope now, that Congress and the President appoint somebody equal to or even better than Director Cordray. They must choose an appointee with a proven track record of commitment to protecting the interests of the people, not the industry. For the CFPB to have anybody lesser, would undermine both the spirit and intention of this agency” said John Taylor, President and CEO of NCRC.
Director Cordray leaving the CFPB Read More »
Three banks in three different regions collectively promised nearly $20 billion in home mortgages, small business loans, community development financing, and charitable contributions, as part of negotiations that included hundreds of community-based organizations in each region that were completed over the past month.
Next City: Three U.S. Banks Make $20 Billion Community Reinvestment Promise Read More »
A record number of veterans and service members are buying homes with loans financed by the Department of Veterans Affairs. About 80 percent of VA Loan borrowers do not put down money when buying a house. But less than 1 percent of VA loans were in foreclosure as of June, according to the Mortgage Bankers
Low interest rate fuels rise of home loans to military veterans Read More »
The $22 billion-asset company, which has been an aggressive acquirer in recent months, said in a press release last week that it had worked with the National Community Reinvestment Coalition on the five-year plan.
American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan Read More »
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
Kirsch’s and Squires’ book could best be described as a documentary-style political economy of the financial crisis and subsequent policy responses. They describe the genesis of the idea for the Consumer Financial Protection Bureau
Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward Read More »
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »
