NCRC Applauds CFPB Announcement on Regulation of Auto Lenders Under ECOA

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Consumer Financial Protection Bureau’s (CFPB) announcement that it will regulate indirect auto lenders under the Equal Credit Opportunity Act (ECOA). Indirect auto lending is auto lending provided through dealerships from third party lenders. NCRC President and CEO John Taylor made the following statement: […]

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AT NCRC CONFERENCE, GRASSROOTS COMMUNITY LEADERS WILL GATHER TO PUSH FOR ECONOMIC JUSTICE

Washington, DC — On March 20-23, the National Community Reinvestment Coalition will hold its annual conference, and bring together hundreds of community organizations from across the nation. This year’s conference theme is “A Just Economy: Building Community Prosperity from the Ground Up.” “At the 2013 NCRC annual conference, community organizations from across the nation will […]

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NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa

Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory. Yesterday, in […]

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NCRC Applauds HUD Disparate Impact Rule

Washington, DC – Today, the National Community Reinvestment Coalition applauded the U.S. Department of Housing and Urban Development’s (HUD) issuance of a rule on the “Implementation of the Fair Housing Act’s Discriminatory Effects Standard.” NCRC President and CEO John Taylor made the following statement: “We applaud HUD for formalizing in their rulemaking that the Fair […]

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NCRC Announces Third Round of National Neighbors Silver Grantees

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced five new National Neighbors Silver (NNS) grantees. NNS is NCRC’s multi-year campaign to empower, organize and support economically vulnerable older adults. “The financial challenges facing older adults continue to increase in number and severity,” said NCRC President and CEO John Taylor. “From the impact […]

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NCRC Statement on House Financial Services Committee Hearing on FHA

Washington, DC– Today, in reaction to this morning’s House Financial Services Committee hearing, “Examining the Proper Role of the Federal Housing Administration in our Mortgage Insurance Market”, NCRC President and CEO John Taylor made the following statement: “FHA plays a critical role in the housing market, which it has served very well for many years. […]

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NCRC Applauds DOJ Civil Fraud Complaint against S&P

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the news that the U.S. Department of Justice has filed a civil fraud complaint against Standards and Poor’s Rating Services for inflating crediting ratings for residential mortgage backed securities and collateralized debt obligations in the years leading to the financial crisis. “For years NCRC […]

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NCRC Statement on the Renomination of Richard Cordray as Director of the CFPB

Washington, DC – Today, in reaction to the news that President Obama has renominated Richard Cordray to lead to the Consumer Financial Protection Bureau (CFPB), NCRC President and CEO John Taylor made the following statement: “Richard Cordray has done an outstanding job as CFPB Director, and we urge the Senate to confirm his nomination. Under […]

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NCRC Statement on CFPB Appraisal Rules

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new appraisal rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new appraisal rules promote transparency and fairness for consumers. In a step that NCRC has long called for, all consumers will now receive copies of […]

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NCRC Statement on CFPB Mortgage Servicing Rules

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new mortgage servicing rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new mortgage servicing rules set bright lines for mortgage servicers and help to ensure that consumers will be treated fairly and with respect. In […]

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