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NCRC

Interim Director removes enforcement powers from anti-discrimination office

Washington DC– On Tuesday, January 30th, interim Director Mick Mulvaney placed the Office of Fair Lending and Equal Opportunity under his direct control and stripped it of enforcement power. John Taylor, President and CEO of the National Community Reinvestment Coalition, made the following statement. “The CFPB’s organization chart is the agency’s business, but enforcing consumer …

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Senate housing finance proposal threatens access, affordability, and market stability

WASHINGTON, D.C. – This week, a leaked version of a housing finance proposal from U.S. Senators Bob Corker (TN) and Mark Warner (VA) emerged that would severely harm America’s housing market. Today, several civil rights and affordable housing groups issued a statement on the proposal’s negative impact on access, affordability, and market stability. The Center …

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Don’t blame the affordable housing goals for the financial crisis 

Federal Research Financial Crisis Inquiry Report (2010)[1] “Conclusions of the Financial Crisis Inquiry Commission” “We also studied at length how the Department of Housing and Urban Development’s (HUD’s) affordable housing goals for the GSEs affected their investment in risky mortgages. Based on the evidence and interviews with dozens of individuals involved in this subject area, …

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Rebuttal to personal privacy of HMDA in a world of big data

Anthony Yezer’s recent white paper, Personal Privacy of HMDA in a World of Big Data, is part of the banking industry’s continued effort to limit public access to data collected by federal agencies.[1] Yezer’s paper, which was funded by the Mortgage Bankers Association, fundamentally challenges data collection and reporting under the Home Mortgage Disclosure Act …

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Summary of NCRC recommendations regarding Treasury Department review of CRA

Introduction: Last year, President Trump issued an executive order mandating that federal agencies regulate the financial industry consistent with core principles including empowering consumers to make informed financial decisions and build wealth. In June, the Treasury Department responded to this executive order by publishing the first of a series of reports on the financial industry …

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Tracy McCracken

Director, Fair Housing tmccracken@ncrc.org  202-383-7709 Tracy McCracken is NCRC’s Director of Fair Housing. She has garnered extensive fair housing and fair lending testing experience as a project coordinator with DB Consulting Group, as a senior project coordinator with the National Fair Housing Alliance, and as the executive director of the Mobile Fair Housing Center. She …

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Sign-on letter regarding specific provisions of the “Tax Cuts and Jobs Act”

December 8, 2017 Dear Conferees: We, the undersigned members of the National Community Reinvestment Coalition (NCRC), are writing to urge you to adopt specific provisions included the Senate version of the “Tax Cuts and Jobs Act.” Although we have concerns overall with both versions of this bill, the Senate provisions regarding private activity bonds, the …

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Comment Letter on Public Dissemination of HMDA Data

November 22, 2017 Docket No. CFPB-2017-0025 Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G. St. NW Washington, DC 20552   Dear Ms. Jackson: The undersigned organizations appreciate that the Consumer Financial Protection Bureau (CFPB) carefully applied the balancing test in determining which of the new Home Mortgage Disclosure Act (HMDA) …

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