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NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa

By NCRC / March 7, 2013 / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory. Yesterday, in […]

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NCRC’s Letter to the Federal Reserve Bank of San Francisco on Bank of Hawaii’s Plan to Exit American Samoa

By NCRC / March 7, 2013 / Testimony & Regulatory Comments / 1 minute of reading

Read NCRC’s Letter to the Federal Reserve Bank of San Francisco on Bank of Hawaii’s Plan to Exit American Samoa.

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NCRC Applauds HUD Disparate Impact Rule

By NCRC / February 8, 2013 / Press Releases / 1 minute of reading

Washington, DC – Today, the National Community Reinvestment Coalition applauded the U.S. Department of Housing and Urban Development’s (HUD) issuance of a rule on the “Implementation of the Fair Housing Act’s Discriminatory Effects Standard.” NCRC President and CEO John Taylor made the following statement: “We applaud HUD for formalizing in their rulemaking that the Fair

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NCRC Announces Third Round of National Neighbors Silver Grantees

By NCRC / February 7, 2013 / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced five new National Neighbors Silver (NNS) grantees. NNS is NCRC’s multi-year campaign to empower, organize and support economically vulnerable older adults. “The financial challenges facing older adults continue to increase in number and severity,” said NCRC President and CEO John Taylor. “From the impact

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NCRC Statement on House Financial Services Committee Hearing on FHA

By NCRC / February 6, 2013 / Press Releases / 2 minutes of reading

Washington, DC– Today, in reaction to this morning’s House Financial Services Committee hearing, “Examining the Proper Role of the Federal Housing Administration in our Mortgage Insurance Market”, NCRC President and CEO John Taylor made the following statement: “FHA plays a critical role in the housing market, which it has served very well for many years.

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NCRC Applauds DOJ Civil Fraud Complaint against S&P

By NCRC / February 5, 2013 / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the news that the U.S. Department of Justice has filed a civil fraud complaint against Standards and Poor’s Rating Services for inflating crediting ratings for residential mortgage backed securities and collateralized debt obligations in the years leading to the financial crisis. “For years NCRC

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CRA Promotes Safe and Affordable Lending: An NCRC Refutation of Another Baseless Attack on CRA

By NCRC / January 30, 2013 / Research / 1 minute of reading

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NCRC Statement on the Renomination of Richard Cordray as Director of the CFPB

By NCRC / January 24, 2013 / Press Releases / 1 minute of reading

Washington, DC – Today, in reaction to the news that President Obama has renominated Richard Cordray to lead to the Consumer Financial Protection Bureau (CFPB), NCRC President and CEO John Taylor made the following statement: “Richard Cordray has done an outstanding job as CFPB Director, and we urge the Senate to confirm his nomination. Under

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NCRC Statement on CFPB Appraisal Rules

By NCRC / January 18, 2013 / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new appraisal rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new appraisal rules promote transparency and fairness for consumers. In a step that NCRC has long called for, all consumers will now receive copies of

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NCRC Statement on CFPB Mortgage Servicing Rules

By NCRC / January 17, 2013 / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new mortgage servicing rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new mortgage servicing rules set bright lines for mortgage servicers and help to ensure that consumers will be treated fairly and with respect. In

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NCRC Statement on the CFPB’s Qualified Mortgage Rule

By NCRC / January 10, 2013 / Press Releases / 2 minutes of reading

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

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NCRC Statement on OCC and Federal Reserve Settlement with Servicers

By NCRC / January 7, 2013 / Press Releases / 2 minutes of reading

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

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NCRC’S DC Minority Business Center to Present Annual Awards

By NCRC / December 14, 2012 / Press Releases / 2 minutes of reading

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

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