Coalition of Community Groups Challenges Valley National Bank Merger Based on Lending Concerns

Washington, DC – Today, a coalition of community groups led by the National Community Reinvestment Coalition (NCRC) came together to oppose the proposed merger between New Jersey-based Valley National Bank and Florida-based 1st United Bank. In a letter to the Office of the Comptroller of the Currency (OCC), which is evaluating the proposed merger, the […]

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NCRC Applauds Senate Confirmation of Julián Castro as HUD Secretary

Washington, D.C. – Today, in reaction to the U.S. Senate’s confirmation of Julián Castro as Secretary of the Department of Housing and Urban Development (HUD), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:  “We congratulate Secretary Castro on his confirmation as HUD Secretary. We welcome his leadership and look […]

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NCRC Applauds President Obama’s Nomination of Julián Castro to Head HUD

Washington, D.C. – Today, in response to President Obama’s nomination of San Antonio Mayor Julián Castro as the next Secretary of the Department of Housing and Urban Development (HUD) NCRC President and CEO John Taylor made the following statement:  “We applaud President Obama for his nomination of Mayor Julián Castro to serve as the next Secretary […]

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National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on Johnson-Crapo

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) and other leading national organizations sent a letter to Senate Majority Leader Harry Reid calling on him not to give the current Johnson-Crapo housing finance reform legislation a floor vote in the Senate. The letter outlines the groups’ concerns with the bill and warns of the […]

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NCRC Statement on Johnson-Crapo Housing Finance Reform Committee Vote

Washington, D.C. – Today, in response to the U.S. Senate Banking Committee’s vote on the Johnson-Crapo housing finance reform legislation, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The deeply divided committee vote is a clear signal that this bill is dead in the water, and with good reason. […]

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NCRC Statement on FHFA Director Mel Watt’s Remarks at the Brookings Institution

Washington, D.C. – Today, in response to Federal Housing Finance Agency Director Mel Watt’s speech revealing his plans for the future of Fannie Mae and Freddie Mac, including clarifying the rules that require banks to buy back faulty home loans and the entities’ underwriting requirements, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor […]

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