Letter to Treasury: Strengthening the Community Reinvestment Act

The Honorable Steven T. Mnuchin Secretary of the Treasury Department of the Treasury 1500 Pennsylvania Ave NW Washington DC, 20220 Click here for a summary of the letter.   Dear Secretary Mnuchin, In February of 2017, President Trump issued an executive order mandating that federal agencies regulate the financial industry consistent with core principles including […]

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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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Housing Wire: Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?

The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”

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