NCRC applauds D.C. Circuit Court decision in landmark CFPB case
Court rules in favor of consumer protection and finds the CFPB’s independent structure constitutional.
NCRC applauds D.C. Circuit Court decision in landmark CFPB case Read More »
Press Releases
For interviews and other media requests, contact: media@ncrc.org
Senate considers abolishing the GSE’s affordable housing goals
This bill reforms Fannie Mae and Freddie Mac, but abolishes their affordable housing goals. This should be a dealbreaker for any fair-minded Senator.
Senate considers abolishing the GSE’s affordable housing goals Read More »
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
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
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.
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 »
Does mortgage data reveal gentrification in California?
A new report, produced in collaboration with NCRC, examined mortgages in low- and moderate-income neighborhoods in California. Many went to wealthy borrowers.
Does mortgage data reveal gentrification in California? Read More »
Demonstration and press conference outside CFPB headquarters
Jesse Van Tol, Chief Operating Officer of the National Community Reinvestment Coalition spoke today alongside Rep. Jamie Raskin (D-MD) and consumer rights leaders at a press conference and demonstration outside the Consumer Financial Protection Bureau’s headquarters.
Demonstration and press conference outside CFPB headquarters Read More »
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.”
Senate plan helps banks, not the economy Read More »
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.
House passes $5.5 trillion tax reform bill Read More »
Otting confirmed to replace acting Comptroller Keith Noreika
“Otting is the new sheriff, and in assuming that responsibility we hope that working class Americans will still be fairly served by banks and able to access financial opportunity,” said John Taylor, President and CEO of NCRC.
Otting confirmed to replace acting Comptroller Keith Noreika Read More »
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.
Director Cordray leaving the CFPB Read More »
Iberiabank and NCRC celebrate $6.72 billion commitment to community development
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
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 »
Santander and NCRC announce $11 billion “Inclusive Communities” plan
The bank’s “Inclusive Communities” plan will expand lending to low- and moderate-income borrowers and communities over five years, triple its philanthropy and add 10 new branches in New York City, Philadelphia and Boston.
Santander and NCRC announce $11 billion “Inclusive Communities” plan Read More »
NCRC condemns Senate’s anti-consumer vote on forced arbitration
Citizens just lost an invaluable protection from the ‘fine print’ that strips their right to go to court when cheated or taken advantage of by corporations.
NCRC condemns Senate’s anti-consumer vote on forced arbitration Read More »