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Press Releases

For interviews and other media requests, contact: media@ncrc.org

PLACE, a housing and community development network, becomes part of NCRC

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. – Practitioners Leveraging Assets for Community Enhancement (PLACE), a membership organization for housing and community development practitioners, is becoming part of the National Community Reinvestment Coalition (NCRC). NCRC and PLACE have agreed to integrate PLACE members and continue its activities within NCRC, as an affinity group of NCRC, rather than as a separate […]

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NCRC applauds NAR for GSEs plan

By / / Press Releases / 1 minute of reading

WASHINGTON, DC — Today, the National Association of Realtors (NAR) announced a new GSEs plan to convert Fannie Mae and Freddie Mac into shareholder-owned utilities with a regulated and reliable rate of return. The plan calls for supporting the affirmative obligations as directed in the Housing and Economic Recovery Act (HERA), including the Enterprise housing

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NCRC condemns CFPB move to gut payday loan restrictions

By / / Press Releases / 1 minute of reading

WASHINGTON, DC — Yesterday, the Consumer Financial Protection Bureau (CFPB) announced plans to do away with tougher payday loan restrictions that were developed during the Obama Administration but that weren’t scheduled to take effect until later this year. The new regulations would have limited the number of consecutive loans given, while also requiring lenders to

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NCRC condemns Crapo GSE plan to drop affordable housing goals

By / / Press Releases / 1 minute of reading

WASHINGTON, DC — Today, Senate Banking Committee Chairman Mike Crapo, R-Idaho, released a plan to significantly alter the U.S. housing finance system. The plan would eliminate the affordable housing goals, the government-sponsored enterprises’ (GSEs) Duty to Serve rule and repeal their charter obligation to facilitate the financing of affordable housing for low- and moderate-income families. 

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Senator Warren proposes new vision for affordable housing and economic opportunity

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. – Today, Senator Elizabeth Warren announced a new bill tackling discriminatory lending, Community Reinvestment Act modernization, affordable homeownership and relief for families still recovering from the Great Recession.  Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “Senator Warren is proposing a bold vision for addressing financial

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It’s time to end GSE conservatorship, but not their affordability goals.

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. –  Today the House Financial Services Committee Chairman, Jeb Hensarling (R-TX), unveiled a bipartisan bill to reform the government-sponsored housing enterprises (GSEs). In a press release, Hensarling vowed to end the conservatorship of Fannie Mae and Freddie Mac by winding them down completely. Hensarling’s press statement fails to mention any efforts to tackle

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Forecast: Banking rule changes could reduce lending in poor neighborhoods by $105 billion

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the

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OCC to review Community Reinvestment Act; Changes could impact billions in loans and investments annually

By / / Press Releases / 3 minutes of reading

WASHINGTON, D.C. – Today, The Office of the Comptroller of the Currency (OCC) released an Advanced Notice of Proposed Rulemaking to change how banks are tested for compliance with the Community Reinvestment Act (CRA). The 1977 law requires banks serve the needs of all communities in which they are chartered to do business. The OCC

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