Press Releases

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NCRC and Urban Financial of America Announce Reverse Mortgage Fair Lending Collaboration

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and Urban Financial of America, LLC (UFA), one of the largest reverse mortgage lenders in the country, announced a collaboration to focus on fair lending to older adults. NCRC will serve in an advisory role to assist UFA with providing Home Equity Conversion Mortgages (HECMs) to […]

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NCRC to Host Ohio Reinvestment Summit on September 8 in Cleveland

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Washington, DC – On Monday, September 8 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in Cleveland on community reinvestment and neighborhood revitalization in Ohio. The Ohio Reinvestment Summit will feature a keynote address by U.S. Senator Sherrod Brown and include seminars and workshops on community reinvestment, foreclosure prevention, economic revitalization, community development,

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NCRC Community Development Fund Receives $420,000 Award from CDFI Fund

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Washington, DC — The National Community Reinvestment Coalition Community Development Fund (NCRC CDF) has been awarded $420,000 from the Community Development Financial Institutions (CDFI) Fund. This week, the CDFI Fund announced that it has awarded more than $160 million to 152 organizations through the FY2014 round of the CDFI program. “The NCRC Community Development Fund

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NCRC Releases White Paper on Improving the Quality and Accessibility of Small Business Loan Data

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released “Recommendations to the Consumer Financial Protection Bureau for Implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,” a white paper presenting recommendations on the collection and public availability of small business loan data from financial institutions. “The collection

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Coalition of Community Groups Challenges Valley National Bank Merger Based on Lending Concerns

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, a coalition of community groups led by the National Community Reinvestment Coalition (NCRC) came together to oppose the proposed merger between New Jersey-based Valley National Bank and Florida-based 1st United Bank. In a letter to the Office of the Comptroller of the Currency (OCC), which is evaluating the proposed merger, the

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NCRC Applauds Senate Confirmation of Julián Castro as HUD Secretary

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Washington, D.C. – Today, in reaction to the U.S. Senate’s confirmation of Julián Castro as Secretary of the Department of Housing and Urban Development (HUD), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:  “We congratulate Secretary Castro on his confirmation as HUD Secretary. We welcome his leadership and look

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NCRC Applauds President Obama’s Nomination of Julián Castro to Head HUD

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Washington, D.C. – Today, in response to President Obama’s nomination of San Antonio Mayor Julián Castro as the next Secretary of the Department of Housing and Urban Development (HUD) NCRC President and CEO John Taylor made the following statement:  “We applaud President Obama for his nomination of Mayor Julián Castro to serve as the next Secretary

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National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on Johnson-Crapo

By / / Press Releases / 3 minutes of reading

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) and other leading national organizations sent a letter to Senate Majority Leader Harry Reid calling on him not to give the current Johnson-Crapo housing finance reform legislation a floor vote in the Senate. The letter outlines the groups’ concerns with the bill and warns of the

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NCRC Statement on Johnson-Crapo Housing Finance Reform Committee Vote

By / / Press Releases / 2 minutes of reading

Washington, D.C. – Today, in response to the U.S. Senate Banking Committee’s vote on the Johnson-Crapo housing finance reform legislation, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The deeply divided committee vote is a clear signal that this bill is dead in the water, and with good reason.

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NCRC Statement on FHFA Director Mel Watt’s Remarks at the Brookings Institution

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Washington, D.C. – Today, in response to Federal Housing Finance Agency Director Mel Watt’s speech revealing his plans for the future of Fannie Mae and Freddie Mac, including clarifying the rules that require banks to buy back faulty home loans and the entities’ underwriting requirements, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor

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NCRC Releases White Paper on Older Adult Financial Exploitation

By / / Press Releases / 2 minutes of reading

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) released a white paper on age-friendly banking titled “Empowering Financial Service Providers to Help: Ways the Bank Secrecy Act Can Play a Stronger Role in Detecting and Preventing the Financial Crimes that Exploit Older Adults.” The white paper presents recommendations for actions that law enforcement and

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NCRC and AAG Announce Reverse Mortgage Fair Lending Collaboration

By / / Press Releases / 2 minutes of reading

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) and American Advisors Group (AAG), the largest reverse mortgage lender in the country, announced a collaboration to focus on fair lending to older adults. NCRC will serve in an advisory role to assist AAG with providing Home Equity Conversion Mortgages (HECMs) to qualified borrowers age

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Hundreds of Community Groups Send Letter to Senate Banking Committee Leadership Expressing Concern About Johnson-Crapo Bill

By / / Press Releases / 9 minutes of reading

Washington, DC – Today, hundreds of members of the National Community Reinvestment Coalition (NCRC) across the country and other community groups sent a letter to Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo outlining their concerns with the access provisions in the Johnson-Crapo housing finance reform legislation. The letter, which was signed by

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NCRC Statement on the Release of the Johnson-Crapo Housing Finance Reform Bill

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the release of a draft housing finance reform bill by Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement: “While we are encouraged that the Johnson-Crapo draft incorporates elements of a

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NCRC Honors 2014 National Achievement Award Winners at Annual Conference

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, at the National Community Reinvestment Coalition’s (NCRC) 2014 Annual Conference, NCRC will present its National Achievement Awards. The Awards Dinner will feature addresses from lifetime achievement award recipient Rev. Dr. William Barber II, and NCRC President and CEO John Taylor. Robert Dickerson, Jr., Chair of NCRC’s Board of Directors, will serve

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