Press Releases

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Fifth Third Bank and National Community Reinvestment Coalition Announce $30 Billion Community Development Plan

By / / Press Releases / 21 minutes of reading

Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest and Southeast, Fifth Third Bank announced an increase to their landmark community benefits agreement to $30 billion. The commitment covers community development, including lending and investments, between 2016 and 2020. Fifth […]

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NCRC Statement on Facebook Advertising Practices

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to a ProPublica report on Facebook allowing advertisers to exclude users by race, the National Community Reinvestment Coalition (NCRC) made the following statement: “NCRC is shocked and appalled to learn that Facebook appears to be engaging in practices that are not only discriminatory, but also illegal,” said NCRC President and CEO John Taylor.

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Community, Consumer, and Civil Rights Groups Chart Preferred Path for OCC Regulation of Fintechs

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, 90 community, consumer, and civil rights groups sent a letter led by the National Community Reinvestment Coalition (NCRC) to the Office of the Comptroller of the Currency (OCC) outlining the preferred path for regulation of financial technology companies (fintechs), such as online marketplace lenders, if they are granted charters by the regulator. The groups propose

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NCRC Celebrates 39th Anniversary of the Signing of the Community Reinvestment Act

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, on the 39th anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “For nearly four decades, the Community Reinvestment Act has been instrumental in creating billions of dollars

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NCRC Applauds Congressional Letters Calling for CRA Regulatory Reform

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded letters from members of the U.S. Senate and U.S. House of Representatives to the financial regulators expressing concerns about enforcement of the Community Reinvestment Act (CRA) and calling for reforms to its guidance and regulations. NCRC President and CEO John Taylor made the following

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NCRC Statement on the Release of 2015 Home Mortgage Disclosure Act Data

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, in reaction to the release of the 2015 Home Mortgage Disclosure Act (HMDA) data, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “It is clear from this data that much more needs to be done to increase responsible lending to low- and moderate-income communities

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NCRC Applauds HUD Announcement Regarding LEP, Domestic Violence, and Gender Identity Protections

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in response to the U.S. Department of Housing and Urban Development’s (HUD) announcement of new rulemakings and guidance to provide protections for individuals with Limited English Proficiency (LEP), victims of sexual harassment and survivors of domestic violence, and to ensure access to fair housing regardless of gender identity, the National Community

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NCRC Statement on H.R. 5983 Committee Vote

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983,

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Community Organizations to Hold Louisiana Reinvestment Summit in New Orleans

By / / Press Releases / 1 minute of reading

New Orleans, LA – On Wednesday, September 14 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in New Orleans on community reinvestment and neighborhood revitalization in Louisiana. The Louisiana Reinvestment Summit will feature keynote addresses by New Orleans Councilmember Jared C. Brossett and New Orleans Councilmember-at-Large Jason Rogers Williams. The Summit will

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NCRC Applauds CFPB for Enforcement Action against Wells Fargo

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Consumer Financial Protection Bureau (CFPB) for fining Wells Fargo $100 million for the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts. The CFPB announced that Wells Fargo will pay full restitution to all victims and a $100 million fine to the

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NCRC Mourns the Loss of Ferguson Activist Darren Seals

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in response to the tragic death of Darren Seals, a young activist who was one of the most outspoken voices of the Ferguson, Missouri protests, the National Community Reinvestment Coalition (NCRC) made the following statement: “We grieve not only for the devastating loss of Darren Seals as an individual, but also

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NCRC Statement on CFED and IPS Racial Wealth Gap Report, CRA, and Affordable Housing Goals

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the new report from the Corporation for Enterprise Development (CFED) and the Institute for Policy Studies (IPS), “The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries,” the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The findings

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NCRC Names Jesse Van Tol as Chief Operating Officer

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) is pleased to announce that Jesse Van Tol has become its new Chief Operating Officer (COO). As COO, Mr. Van Tol will direct and supervise NCRC’s overall business operations. “We are thrilled that Jesse Van Tol has agreed to become COO,” said NCRC President and

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NCRC Report on Lending in St. Louis, Milwaukee and Minneapolis Shows Clear Racial Disparities

By / / Press Releases / 5 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home purchase lending in St. Louis, Milwaukee, Minneapolis, and the surrounding areas. The analysis reveals racial and income disparities in mortgage lending in all three cities. ‘This report clearly shows the lack of mortgage lending in low- and moderate-income neighborhoods and predominantly

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NCRC Statement on Final Revisions to CRA Q&A

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the bank regulatory agencies’ release of final revisions to “Interagency Questions and Answers Regarding Community Reinvestment,” NCRC President and CEO John Taylor made the following statement: “We are profoundly disappointed that the agencies have not undertaken desperately needed reforms that would update the Community Reinvestment Act (CRA) to take into account significant changes

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