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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 […]
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 »
Washington, DC – Today, in reaction to the release of the 2016 Home Mortgage Disclosure Act (HMDA) data, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement. “Home ownership is the primary means by which America built the largest and wealthiest middle class in the world, a legacy that is
The Oregon Reinvestment Summit, taking place October 2, 2017 in Portland, Oregon, will bring together rural and urban community-based organizations to address Oregon’s affordable housing crisis. The summit will include representatives from fair housing organizations, community development corporations, and policy organizations to explore how to best expand economic opportunities for all Oregonians. Portland Mayor Ted Wheeler will be a keynote speaker. In Portland
Washington, DC– In response to the Administration’s decision to end the Deferred Action for Childhood Arrivals (DACA) program, NCRC’s President and CEO, John Taylor made the following statement. “NCRC cannot accept this reprehensible decision and imposition on our Dreamer friends and neighbors. Hundreds of thousands of undocumented immigrants will be deported if Congress does not
Washington, DC – The National Community Reinvestment Coalition’s thoughts and prayers are with the families of Southeast Texas and Southwest Louisiana who are experiencing continuous and unprecedented flooding from Hurricane Harvey. Over six million people, more than the population of 33 individual states, live in the areas impacted by the storm. “The NCRC community is
NCRC Statement on Hurricane Harvey Read More »
Washington, DC – Today, in response to the U.S Treasury Department’s report on the financial system, NCRC’s President and CEO John Taylor made the following statement: “Obviously, we are disappointed by the Treasury report’s recommendations to repeal several key consumer protections.” “These recommendations, if adopted, affect the structure and authorities of the Consumer Financial Protection
NCRC Statement on the U.S. Treasury’s Report Read More »
Washington, DC – Leaders of the National Community Reinvestment Coalition (NCRC), Community Home Lenders Association (CHLA), Community Mortgage Lenders of America (CMLA), Corporation for Enterprise Development (CFED), Leadership Conference on Civil and Human Rights, Leading Builders of America, League of United Latin American Citizens (LULAC), NAACP and the National Urban League released the following joint statement in anticipation of Treasury Secretary Steve Mnuchin’s testimony before the U.S. Senate Banking
Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s testimony before Congress warning of a possible bailout of the government-sponsored enterprises (GSEs) from the U.S. Department of Treasury and supporting retention of the GSEs’ profits rather than turning them over to the U.S. Treasury, the National Community Reinvestment Coalition’s
NCRC Applauds FHFA Director Watt’s Call for GSEs to Retain Their Profits Read More »
Washington, DC – Today, National Community Reinvestment Coalition (NCRC) Senior Advisor Josh Silver testified before a Consumer Financial Protection Bureau (CFPB) field hearing regarding small business lending trends. In the testimony, NCRC detailed the difficulties that many women-, minority-owned, and very small businesses experience accessing small business lending. NCRC also discussed the benefits of the
NCRC Testifies at CFPB Field Hearing on Small Business Lending Trends Read More »
Maryland, Nevada, Georgia experience largest state-level declines in bank branches, NCRC report says. Biggest county-level declines in Baltimore County, Md.; Marion County, Ind.; Philadelphia, Pa. Click here to visit the web tool. Washington, DC – Due to the closure of more than 6,000 bank branches nationwide since the financial crisis, rural communities around the country are experiencing a troubling
Washington, DC – Today, in response to the release of the Financial CHOICE Act 2.0 by the Chair of the House Financial Services Committee, Jeb Hensarling, NCRC’s President and CEO John Taylor made the following statement. “This bill is a disaster in the making. It should be called the ‘The NO-CHOICE Act;’ it removes people’s access
NCRC Responds to Release of Financial CHOICE Act 2.0 Read More »
Washington, DC – Today, in response to President Trump’s declaration of April as National Financial Capability Month, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “Through this declaration, President Trump has announced his support of financial capability for working Americans, but actions taken by him and some members
NCRC Responds to President Trump Declaring April as National Financial Capability Month Read More »
Washington, DC – On March 29 at the National Community Reinvestment Coalition’s (NCRC) 2017 Annual Conference, “Creating a Just Economy,” NCRC presented its National Achievement Awards and honored leaders in expanding fair access to financial services. The awards ceremony featured remarks from Richard Cordray, Director of the Consumer Financial Protection Bureau, who was also an
NCRC Honors 2017 National Achievement Award Winners at Annual Conference Read More »
Washington, DC – Today, community groups led by the National Community Reinvestment Coalition (NCRC) sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA) and Secretary of the U.S. Department of the Treasury Steven Mnuchin expressing concerns about the declining capital buffer at the government-sponsored enterprises Fannie Mae and Freddie Mac.
