Letter to President Obama Calling for an FHFA Recess Appointment
Download NCRC’s August 9, 2012 letter to President Obama
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Coalition of Community Organizations Calls on President Obama to Recess Appoint an FHFA Director
 Washington, DC — Today, hundreds of community organizations sent a letter to President Obama calling on him to make a recess appointment to the Federal Housing Finance Agency (FHFA). FHFA is currently led by an Acting Director, Ed DeMarco, who has refused to allow Fannie Mae and Freddie Mac, which hold the majority of
NCRC Member Call to Action: Weigh In About Credit Reporting
Membership Newsletter: July 2012 Edition | NCRC Member Call to Action: Weigh In About Credit Reporting The foreclosure crisis will have repercussions for the communities we serve for a long time to come. Credit scores for those affected will take years, if not decades, to rebound. What this makes clear is that we must take action
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Breaking the Cycle of Predatory Lending in Delaware
Membership Newsletter: July 2012 Edition | Breaking the Cycle of Predatory Lending in Delaware NCRC member Delaware Community Reinvestment Action Council (DCRAC) is winning victories right in the backyard of payday loan companies. In late June, Delaware Governor Jack Markell signed a piece of legislation aimed at breaking the cyclical nature of payday loans. Under the
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San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community
Membership Newsletter: July 2012 Edition | San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community “America’s Finest City” is well on its way to becoming the most recent US city with a Responsible Banking Ordinance. On June 27th, San Diego decided to shine a light on banking practices and ask what financial
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NCRC Calls For New Leadership at the Federal Housing Finance Agency
Washington, DC — Today, in reaction to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco’s decision not to allow Fannie Mae and Freddie Mac to use principal reduction in their loan modification programs, the National Community Reinvestment Coalition called for a change of leadership at FHFA. “DeMarco has failed in his responsibility to do
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Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition
Membership Newsletter: July 2012 Edition | Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition Over 100 NCRC members and community activists descended on the Madison Theater Building in downtown Detroit on June 6th to discuss the economic future of region and how they can play a role in ensuring its recovery. NCRC President
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NCRC Provides Customized Support to Help Alabama Member Expand
Membership Newsletter July 2012 | NCRC Provides Customized Support to Help Alabama Member Expand NCRC recently had an opportunity to help a new member, Alabama A&M University Community Development Corporation (AAMU CDC). AAMU CDC’s mission is to revitalize low-income neighborhoods surrounding Alabama A&M University, Meadow Hills and Edmonton Heights, with expansion to Huntsville planned. In
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NCRC’s Small Business Teaming Center to Hold Inaugural Event
Washington, DC — On Tuesday, July 24, the National Community Reinvestment Coalition’s Small Business Teaming Center will hold an event to introduce the procurement community to the concept of small business teaming, and give small business owners the opportunity to network. NCRC’s Small Business Teaming Center puts together teams of small businesses with complementary capabilities
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CFPB Action Against Capital One Confirms Issues Raised During Acquisition Challenge by NCRC
Washington, DC – The National Community Reinvestment Coalition (NCRC) today applauded the Consumer Financial Protection Bureau for their enforcement action against Capital One. The action follows NCRC’s challenge of Capital One’s acquisition of ING Direct and HSBC’s credit card unit. NCRC argued that the company should not be allowed to become Too-Big-to-Fail given its record
NCRC and ANHD Release Local Responsible Banking Ordinance Resources
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and its member organization, the Association for Neighborhood and Housing Development (ANHD), released a set of resources to aid the advancement of local responsible banking ordinances in cities throughout the nation. Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services
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Responsible Banking Ordinances
Background on Local Responsible Banking Ordinances Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city
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NCRC to Testify Before Congress on Need to Reform Appraisal Process
Washington, DC – Today, David Berenbaum, Chief Program Officer of the National Community Reinvestment Coalition (NCRC), will testify in a hearing before the Congressional Subcommittee on Insurance, Housing, and Community Opportunity. In the hearing, entitled Appraisal Oversight: The Regulatory Impact on Consumers and Businesses, NCRC will call upon Congress to enact a series of reforms
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NCRC Testifies on Appraisal Oversight before House Financial Services Committee
The time has come for members of Congress, the prudential regulators, the Appraisal Subcommittee and the Consumer Financial Protection Bureau to work collaboratively to ensure that consumers and all the industry stakeholders involved in the home buying and refinance process will benefit from a system of regulation that helps ensure the independence and integrity of the appraisal process. These efforts will promote equal access to responsible and sustainable credit and a robust mortgage marketplace that meets our nations immediate housing finance needs.
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GROWTH Initiative Announced by President Clinton at CGI America
Generating Real Opportunities for Work Transforming Housing Initiative Announced by President Clinton at Clinton Global Initiative America Meeting Washington, DC – The National Community Reinvestment Coalition (NCRC) and its principal partners, including Chicanos Por La Causa (CPLC), NALCAB—National Association for Latino Community Asset Builders and the AFL-CIO Building and Construction Trades Department (BCTD), introduced today
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