NPR Radio | All Things Considered After several months of investigation into the so-called robo-signing scandal, federal banking regulators have issued cease-and-desist orders to 14 of the nation’s largest mortgage servicers. As a result, these firms — including Bank of America, JP Morgan Chase and Wells Fargo — will have to change the way they […]
John Taylor on All Things Considered | April 13, 2011 Read More »
An Axe to the Heart of Consumer Protection: Politics As Usual Threaten to Undermine Meaningful Consumer Protection Consumer Groups Call on Congress to Cease Efforts Aimed to Undermine the Consumer Financial Protection Bureau Washington, DC – As the House Financial Services Committee prepares to meet this Thursday to vote on newly introduced bills aimed to
Politics Threaten to Undermine Meaningful Consumer Protection Read More »
(Un)affordable Housing | WGBH Radio 89.7 Over ten million cash-strapped renters are spending more than half their paycheck on rent and utilities, according to a new study from the Harvard University Joint Center For Housing Studies. At the same time that the housing market took a dive, construction on rental properties slowed, rentals became more
John Taylor on The Callie Crossley Show | May 4, 2011 Read More »
NCRC’s 2011 National Achievement Award winners: Recipient of the National Community Reinvestment Award | Inez Killingsworth, Empowering & Strengthening Ohio’s People, Cleveland, OH Recipient of the William H. Proxmire Award | Manuel “Manny” T. Gauna, Tiempo, Inc., Phoenix, AZ Recipient of the James Leach Award | HOPE Enterprise Corporation, Jackson, MS Recipient of the James
National Achievement Awards Read More »
Conference Photos 2011 Check out all the great photos from 2011 Annual Conference! Evaluation Download evaluation form Other Resources NCRC 2011 Policy Priorities NCRC AG Settlement Summary Strengthening Democracy, Increasing Opportunities Accessing Capital in Small Cities (CEI Profile) The Myth of Rural Subsidies  Speaker Presentations Robert Egger, Positioning Your Organization for Growth…[VIDEO]  Â
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As Expected, Effort Underway To Weaken Consumer Financial Protection Bureau NCRC’s John Taylor Says Financial Lobby Strangling Reform Washington, DC – John Taylor, CEO and President of the National Community Reinvestment Coalition, released this statement today about the markup of legislation by the House Financial Services’ Subcommittee on Financial Institutions and Consumer Credit. Two bills
NCRC Opposes Weakening the CFPB Read More »
Organizations Funded to Support and Empower Older Adults on Economic Security Issues
Washington DC — The National Community Reinvestment Coalition (NCRC), with support from Atlantic Philanthropies, announced grantees in an initiative to organize and empower older adults across the country. National Neighbors Silver (NNS) brings community, public, and private sector partners together utilizing structured, neighborhood-focused education and organizing strategies that benefit older adults. The National Neighbors Silver grant will fund regional advocacy networks, facilitated by local organizers.
Five NCRC member organizations selected for this initiative were announced at NCRC’s annual conference last week. Empowering and Strengthening Ohio’s People of Cleveland, Ohio, United Neighbors of Davenport, Iowa, Faith Action for Community Equity of Honolulu, Hawaii, Northside Community Reinvestment Coalition/Jewish Community Action of Minneapolis, Minnesota and Causa Justa of Oakland California will be funded in the first year of NCRC’s National Neighbors Silver program.
The President of Atlantic Philanthropies, Gara La Marche made the first official announcement of the grantees at NCRC’s annual conference. “The National Community Reinvestment Coalition has a long history of listening to communities and helping to make change,” said Gara LaMarche. “We believe great things are possible when older adults are engaged to bring about change. We are delighted to celebrate the National Neighbors Silver grantees as they work to advocate with and on behalf of older adults across the country.”
In addition to the support of local organizers, each selected National Neighbors Silver site will engage older adult volunteers by training them in organizing and financial education strategies. These volunteers will become a part of an integral network of NNS leadership ambassadors, who will share best practices and strategies for organizing and educating their peers around issues of financial security.
“We’re confident that National Neighbors Silver will empower community organizations to address the needs of older adults at this critical time. The organizing and advocacy efforts of the groups we’ve selected will expand access to direct services and generate policy changes that will enhance the lives of older adults in communities across the country,” said John Taylor, President and CEO of NCRC.
The National Neighbors Silver initiative will fund five organizations over three funding cycles, for a total of 15 organizations. Each funding cycle for this program will last three years. For information about future funding opportunities, please contact Ed Gorman, Chief Membership and Workforce Officer at egorman@ncrc.org.
About the National Neighbors Silver Grantees:
NCRC Announces Grantees in National Neighbors Silver Initiative Read More »
Esteemed National Achievement Awards Presented to Seven Community Leaders
Washington, DC – On Friday, the National Community Reinvestment Coalition (NCRC) recognized seven community leaders and organizations for their outstanding work and extraordinary contributions to their communities. The National Achievement Awards were presented during NCRC’s 2011 annual conference to individuals and organizations that are leading efforts to expand financial access for working families and communities.
Last Friday’s National Achievement Awards dinner brought a close to NCRC’s successful four day conference, held at the Washington Court Hotel in Washington, DC. Over 500 participants from across the nation partook in over 25 in-depth and comprehensive trainings, workshops, and plenary sessions, on topics including financial reform, foreclosure prevention, neighborhood stabilization and job creation. Attendees also heard from keynote speakers including: Sheila Bair, Chairman, U.S. Federal Deposit Insurance Corporation (FDIC); Senator Jon Tester, Chair of the Economic Policy Subcommittee of the Senate Banking Committee; Senator Jeff Merkley, Senate Banking Committee; Senator Al Franken, Senate Judiciary Committee; Thomas Perez, Assistant Attorney General of Civil Rights, U.S. Department of Justice; the Rev. Jesse Jackson; and Gara LaMarche, President of Atlantic Philanthropies.
John Taylor, President & CEO of NCRC, made this statement in tribute to the seven award winners and in conclusion of the well-received conference: “NCRC’s National Achievement Award winners embody the movement for fair access to capital and credit. They are leaders in their field, worthy of being celebrated and supported. These community leaders aren’t standing by waiting for help; they’re going out there and making change happen, in some cases despite incredible odds. With every conference, we hope to empower and train the next generation of community leaders.”
NCRC Concludes Successful Annual Conference Read More »
Washington, DC — As the federal government faces a possible shutdown, local community organizations will gather in Washington, DC to call for renewed efforts to prevent foreclosures, create jobs and stabilize communities, building on model programs and efforts at the local level. Joined by its state-based member organizations, the National Community Reinvestment Coalition (NCRC) hosts its
Letter to Regulators Regarding Consent Orders
Regulators Servicing Consent Orders Read More »
Washington, DC — John Taylor, President & CEO of the National Community Reinvestment Coalition (NCRC) today made this statement about proposals in Congress for Fannie Mae and Freddie Mac, and federal agency proposals on the Qualified Residential Mortgage (QRM): “How we address Fannie Mae and Freddie Mac, and the definition of the Qualified Residential Mortgage, will
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Reinvestment Works: Spring 2011 Read More »
Washington, DC — John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC) today made this statement about the anticipated House vote to terminate the Home Affordable Modification Program (HAMP):
“Given the fragile state of the economy, Congress and the Administration need to stop procrastinating and create proposals that actually solve the country’s financial problems, 
not ignore them. Congress’ decision this week to eliminate HAMP does nothing but cause further agony to the millions of hard-working families who are on the brink of losing their homes.”
“If anything, Congress should be debating how HAMP can be reengineered and improved. The Administration also needs to step up, and take a hard line to ensure that the industry meets the requirements of the program. And our government needs to stop tip-toeing around the housing crisis and start addressing it head-on with concrete, actionable solutions that lend a hand to the American people rather than providing yet another escape hatch for Wall Street.”
Elimination of HAMP Would Only Prolong the Foreclosure Agony Read More »
Bank’s Home Loan Modification Reduces Principal by Tamara Keith March 10, 2011 Listen to the Story Bank of America is announcing on Thursday a loan modification program to help military service members who are behind on their mortgages. What’s unique about the program is that the bank is offering to reduce the principal owed on
BOA Announces Principal Reduction Program for Military Read More »
Call for Swift Passage of Responsible Banking Act (Intro. 485)
Council members, advocates and community residents gathered on the steps of City Hall today to demand that banks be held accountable, and to call for the passage of the recently introduced Responsible Banking Act (Intro. 485 – Vann, Recchia). The press conference followed a hearing on the legislation in the New York City Council Committees on Community Development and Finance, also held today.
The Responsible Banking Act is important new proposed legislation that will create a ranking system of banks seeking city deposits based on how responsive they are to the needs of New York City’s neighborhoods. By holding banks that store the city’s money more locally accountable, the bill would incentivize these financial institutions to engage in practices that are beneficial to all New Yorkers and strengthen their community development efforts in New York City. An evaluation of how these banks contribute to the needs of the City and its communities would be a transparent and important tool of the city in determining which banks it deposits its funds.
The bill is not only a response to the aftermath of predatory lending and other harmful bank practices that contributed to the national financial crisis, but also to continued disengagement by banks within underserved communities. As the effects of this continue to be felt in our city, it is imperative that New York City take affirmative steps to rebuild and strengthen its partnerships with the banking community. The Responsible Banking Act creates the transparency and oversight necessary to achieve this. The bill would require the Department of Finance, in its role on the NYC Banking Commission, to collect important information related to community development activities performed by banks wanting to be city depositories. These would include whether they provide: mortgage loan restructuring for struggling homeowners; financing for the construction of affordable housing; and/or credit and financial services for small businesses, among other criteria.
Advocates and New Yorkers Demand Banks Be Held Accountable Read More »
