Press Releases Archives » Page 22 of 53

Amicus Brief Opposes OCC Charter That Would Aid Predatory Lenders

By NCRC / July 31, 2020 / Press Releases / 3 minutes of reading

The Center for Responsible Lending, National Consumer Law Center, and National Community Reinvestment Coalition filed an amicus brief today in Lacewell v. Office of the Comptroller of the Currency (OCC), in support of the plaintiff, the New York State Department of Financial Services (DFS), against the OCC’s plan to issue “special purpose national bank” charters to nonbank lenders.

Amicus Brief Opposes OCC Charter That Would Aid Predatory Lenders Read More »

NCRC, Local Groups and City of Toledo Sue CFPB to Overturn Rule That Undermines Detection of Discrimination in Mortgage Lending

By NCRC / July 30, 2020 / Press Releases / 9 minutes of reading

By Raising Reporting Thresholds, CFPB Rule Blocks Access to Data That is Critical to Uncovering Housing Discrimination

NCRC, Local Groups and City of Toledo Sue CFPB to Overturn Rule That Undermines Detection of Discrimination in Mortgage Lending Read More »

Leading Civil Rights & Housing Groups Condemn President’s Effort to Gut Fair Housing, Use of Incendiary Racial Rhetoric for Political Gain

By NCRC / July 23, 2020 / Press Releases / 10 minutes of reading

Fair housing advocates denounce Trump’s newest effort to eliminate a critical tool to desegregate communities and call on the president to instead concentrate on ensuring housing equity during a pandemic.

Leading Civil Rights & Housing Groups Condemn President’s Effort to Gut Fair Housing, Use of Incendiary Racial Rhetoric for Political Gain Read More »

NCRC statement on Affirmatively Furthering Fair Housing Executive Order

By NCRC / July 23, 2020 / Press Releases / 3 minutes of reading

Today, President Trump replaced the 2015 Affirmatively Furthering Fair Housing (AFFH) rule with a much weaker one, and without any public comment process, despite the Department of Housing and Urban Development’s (HUD) proposed rule change filed in January.

NCRC statement on Affirmatively Furthering Fair Housing Executive Order Read More »

NCRC Dismayed by OCC’s Intention to Establish a True Lender Standard

By NCRC / July 20, 2020 / Press Releases / 3 minutes of reading

Today, the Office of the Comptroller of the Currency (OCC) announced a proposed rule on the true lender doctrine. Under the proposal, a bank is considered to be the “true lender” if it is named as the lender or if it funds the loan.

NCRC Dismayed by OCC’s Intention to Establish a True Lender Standard Read More »

NCRC mourns the loss of John Lewis

By NCRC / July 20, 2020 / Press Releases / 1 minute of reading

Thank you for your dedication and persistence. Thank you for your leadership. May you rest in power.

NCRC mourns the loss of John Lewis Read More »

Civil Rights Groups Commend Top Mortgage Lenders and Industry Leaders for Urging HUD to Reconsider Disparate Impact Rule

By NCRC / July 15, 2020 / Press Releases / 7 minutes of reading

NCRC and other civil rights organizations also renew their push for HUD to cancel its plan to weaken the Disparate Impact rule.

Civil Rights Groups Commend Top Mortgage Lenders and Industry Leaders for Urging HUD to Reconsider Disparate Impact Rule Read More »

Despite gaping holes in government data, tests show PPP borrowers faced discrimination

By NCRC / July 15, 2020 / Press Releases / 3 minutes of reading

An NCRC study that used testers who talked directly with banks about loans to help their small businesses stay open during the coronavirus pandemic found that White applicants were treated better than Black applicants

Despite gaping holes in government data, tests show PPP borrowers faced discrimination Read More »

NCRC condemns CFPB move to gut payday loan restrictions

By NCRC / July 7, 2020 / Press Releases / 2 minutes of reading

Today, the Consumer Financial Protection Bureau (CFPB) issued a small-dollar loan final rule that will strip away protections that had been the hallmark of the original 2017 rule.

NCRC condemns CFPB move to gut payday loan restrictions Read More »

Trump threatens to “end” an anti-segregation rule that’s already crumbling under his administration

By NCRC / July 1, 2020 / Press Releases / 2 minutes of reading

In a tweet yesterday, President Trump threatened a vital piece of the 1968 Fair Housing Act (FHA). The 2015 Affirmatively Furthering Fair Housing (AFFH) rule finally addressed and strengthened the FHA requirement that the government do something to end housing discrimination and segregation.

Trump threatens to “end” an anti-segregation rule that’s already crumbling under his administration Read More »

FHFA proposes new regulatory capital framework for GSEs

By NCRC / June 30, 2020 / Press Releases / 3 minutes of reading

Today, the Federal Housing Finance Agency (FHFA) published a proposed rulemaking that creates a new regulatory capital framework for Fannie Mae and Freddie Mac, known together as the government-sponsored enterprises (GSEs).

FHFA proposes new regulatory capital framework for GSEs Read More »

NCRC applauds House passage of resolution to save anti-redlining law

By NCRC / June 29, 2020 / Press Releases / 2 minutes of reading

Today, the House of Representatives voted to pass H.J. Res 90, which disapproves of the Office of the Comptroller of the Currency’s (OCC’s) new Community Reinvestment Act (CRA) rules. If the resolution is passed into law, it would make the CRA final rule null and void.

NCRC applauds House passage of resolution to save anti-redlining law Read More »

NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling

By NCRC / June 29, 2020 / Press Releases / 3 minutes of reading

Today, the Supreme Court ruled that the Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The ruling ended what was supposed to be the director’s total independence from the president, by giving the president the authority to fire the director at will.

NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling Read More »

Mortgage data reveals disparities in same-sex lending

By NCRC / June 29, 2020 / Press Releases / 3 minutes of reading

Same-sex couples paid higher interest rates and closing fees on home loans, a new analysis found.

Mortgage data reveals disparities in same-sex lending Read More »

Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules

By NCRC / June 25, 2020 / Press Releases / 7 minutes of reading

Today, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).

Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules Read More »

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