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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House passes $5.5 trillion tax reform bill

“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.

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Director Cordray leaving the CFPB

“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.

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