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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NCRC condemns the Senate’s continuing resolution without protections for Dreamers 

Washington DC- John Taylor, President and CEO of the National Community Reinvestment Coalition, responds to the continuing resolution reopening the United States government on Monday, January 22nd. “Congress made an important stand last Friday but backed down too quickly. Democrats are running a high stake and risky gamble based on the assumption that the House of Representatives and […]

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Senate plan helps banks, not the economy

Senate Banking Chairman Mike Crapo (R-Idaho) released the text of bipartisan “Economic Growth” legislation, which rolls back valuable fair lending requirements and protections from the dangerous banking practices that led to the 2008 financial crisis.

“This legislation will grow economic inequality rather than our economy, as its name suggests” said John Taylor, President and CEO of the National Community Reinvestment Coalition. “In the midst of several financial scandals, politicians on both sides of the aisle have again proven that their allegiances to Wall Street far surpass their promises to Main Street.”

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