Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement: “The Consumer Financial Protection Bureau, in creating a legal safe harbor for certain […]
NCRC Statement on the CFPB’s Qualified Mortgage Rule Read More »
Membership Newsletter January 2013 | NCRC Member Story: Northwest Side Housing Center’s Commitment to Older Adults The Northwest Side Housing Center (NSSHC) has been organizing at the Montclare Residences since 2008. In 2010, the NWSHC helped form the Montclare Steering Committee, a group of older adult residents who come together and meet monthly around issues
NCRC Member Story: Northwest Side Housing Center’s Commitment to Older Adults Read More »
Membership Newsletter January 2013 | NCRC Member Spotlight: Frayser CDC is Working to Revitalize a Key Neighborhood in Memphis Frayser Community Development Corporation is a new NCRC member based in the predominantly low-income Frayser neighborhood of Memphis, TN, which is home to about 40,000 people. Frayser CDC has been led for the past ten years
Washington, DC — Today, in reaction to the announcement of an $8.5 billion settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and ten banks, NCRC President and CEO John Taylor made the following statement: “While compensation for homeowners who have been harmed is a good thing, it is
NCRC Statement on OCC and Federal Reserve Settlement with Servicers Read More »
Washington, DC — On December 19, the National Community Reinvestment Coalition’s Washington, DC MBDA Business Center, will present its 8th Annual MBDA Business Center Awards. The awards will acknowledge those that have significantly furthered the center’s efforts to increase access to contracting opportunities and financing for minority business enterprises in 2012. The awards reception
NCRC’S DC Minority Business Center to Present Annual Awards Read More »
How NCRC’s Pro Bono Data Analysis Service Can Empower Your Organization An NCRC motto is “Data drives the movement for economic justice.” Analysis of publicly available data is necessary in order to determine if a particular bank(s) is engaged in a pattern and practice of abusive or discriminatory lending or if the bank(s) is lending
RW-Winter 2012 | Data Drives the Movement for Economic Justice Read More »
NCRC has been working persistently to enhance the implementation of the Community Reinvestment Act (CRA). In 2010 when the federal banking agencies held hearings on improving CRA, NCRC and several of our member organizations testified and asserted that bolstering CRA was needed to increase responsible lending and investing as well as to prod banks to
National Neighbors Silver (NNS), NCRC’s multi-year effort campaign to empower, organize, and support economically vulnerable older adults, is currently focused on developing a guide to “age friendly banking” – a standard that includes the services and products that financial institutions can offer to meet the needs of older adults. Currently, there are over 40 million
RW-Winter 2012 | Age Friendly Banking Read More »
January 3, 2013 will be the first day of the 113th Congress. Both newly elected and returning lawmakers will need to arrive at the office ready to work. There are a number of important issues that Congress should address in the coming year, including mortgage refinance and principal reduction, enhancements to the Community Reinvestment Act,
RW-Winter 2012 | New Year, New Congress, New Tax Code? Read More »
Washington, DC– Today, NCRC President and CEO John Taylor made the following statement on FHA’s 2012 Annual Financial Status report: “After 78 years of the Federal Housing Administration (FHA) doing things right and performing well from a fiscal perspective, the recent news about its financial health must be seen in perspective. Without FHA, and
NCRC Statement on FHA’s 2012 Annual Financial Status Report Read More »
National Neighbors Film RFP As the United States suffers from historically high rates of foreclosure and unemployment, older adults across the nation are not only more numerous than past generations, but also more susceptible to financial insecurity. Financial abuse and the economic downturn have left thousands of seniors struggling to make ends meet, unable to
National Neighbors Silver Film RFP Read More »
Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) newly published rule allowing the agency to regulate the debt collection industry, NCRC President and CEO John Taylor made the following statement: “The CFPB should be commended for taking steps to reign in the debt collection industry and protect consumers from unsavory
NCRC Statement on CFPB Oversight of Debt Collectors Read More »
