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Press Releases

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

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

By / / Press Releases / 1 minute of reading

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 […]

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

HUD suspends AFFH, a key civil rights rule intended to fight housing discrimination 

By / / Press Releases, Policy / 1 minute of reading

The U.S. Department of Housing and Urban Development (HUD) announced this week it is suspending the Affirmatively Furthering Fair Housing (AFFH) rule until 2020. The AFFH rule was passed in 2015 to provide jurisdictions with a long overdue roadmap and measurement tools to comply with the landmark Fair Housing Act (FHA). 

HUD suspends AFFH, a key civil rights rule intended to fight housing discrimination  Read More »

Capital buffers for GSEs are fine. But what they really need is to be set free.

By / / Press Releases / 3 minutes of reading

NCRC’s interest here is to have a robust mortgage securitization system that insures all credit-worthy people have access to quality mortgages. Set them free to do what they have done well for millions of people over decades: help working-class Americans move from being renters to home owners.

Capital buffers for GSEs are fine. But what they really need is to be set free. Read More »

Senate plan helps banks, not the economy

By / / Press Releases / 1 minute of reading

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.”

Senate plan helps banks, not the economy Read More »

House passes $5.5 trillion tax reform bill

By / / Press Releases / 1 minute of reading

“I am especially concerned by the new limitations placed on the housing sector in this tax reform, which will make it more difficult to expand our supply of affordable housing in the midst of a housing crisis. If the Senate cannot stop this terrible legislation, then they need to find another job,” said John Taylor, NCRC’s President and CEO.

House passes $5.5 trillion tax reform bill Read More »

Director Cordray leaving the CFPB

By / / Press Releases / 1 minute of reading

“We must all hope now, that Congress and the President appoint somebody equal to or even better than Director Cordray. They must choose an appointee with a proven track record of commitment to protecting the interests of the people, not the industry. For the CFPB to have anybody lesser, would undermine both the spirit and intention of this agency” said John Taylor, President and CEO of NCRC.

Director Cordray leaving the CFPB Read More »

Iberiabank and NCRC celebrate $6.72 billion commitment to community development

By / / Press Releases / 7 minutes of reading

IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.

“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”

Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »

Billions at risk in proposals to weaken the Community Reinvestment Act

By / / Press Releases / 2 minutes of reading

Washington, DC – A new study released today by the National Community Reinvestment Coalition (NCRC) found that banking industry proposed changes to the Community Reinvestment Act (CRA) would allow midsize banks to circumvent federal requirements to lend and invest in low and moderate income neighborhoods.These proposed changes would endanger billions in affordable housing and community development investment.

Billions at risk in proposals to weaken the Community Reinvestment Act Read More »

Community Organizations Celebrate First Financial’s $1.75 Billion Community Development Plan

By / / Press Releases / 8 minutes of reading

WASHINGTON, DC – First Financial Corp., a regional bank headquartered in Cincinnati, Ohio, has committed $1.75 billion to a Community Development Plan negotiated with the National Community Reinvestment Coalition and a coalition of community organizations in Ohio, Indiana and Kentucky. The plan, beginning in 2018, includes mortgage and small business lending in low- and moderate-income

Community Organizations Celebrate First Financial’s $1.75 Billion Community Development Plan Read More »

NCRC Statement on CFPB’s Rule on Abusive Payday and Car Title Lending

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in response to the release of the Consumer Financial Protection Bureau’s (CFPB) rule to protect consumers from abusive payday and car title loans, NCRC President and CEO John Taylor made the following statement.   “We applaud the CFPB for taking this crucial step to protect consumers.  This will help stop abusive practices that trap working class consumers

NCRC Statement on CFPB’s Rule on Abusive Payday and Car Title Lending Read More »

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