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Press Releases

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NCRC Applauds Nomination of Janet Yellen as Federal Reserve Chair

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the nomination of Federal Reserve Board Governor Janet Yellen to lead the Federal Reserve Board. NCRC President and CEO John Taylor made the following statement: “Janet Yellen is an excellent regulator who is responsive to the needs of consumers. She has been a champion for […]

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NCRC Releases Analysis of Bank Account Complaints

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Washington, DC – Today, the National Community Reinvestment Coalition released an analysis of bank account complaints from the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database. This analysis reveals that predominantly minority communities were more likely to submit complaints about poor service related to bank accounts than predominantly white communities. For example, predominantly African-American zip

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NCRC Applauds Passage of Local Responsible Banking Ordinance in Minneapolis

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Washington, DC – Today, in reaction to the Minneapolis City Council’s passage of a local responsible banking ordinance, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the passage of a local responsible banking ordinance in Minneapolis. We congratulate NCRC member organizations Jewish Community Action and Northside Community

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NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data

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Washington, DC – Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities

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NCRC Applauds Passage of Local Responsible Banking Ordinance in Boston

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Boston City Council’s unanimous passage of a local responsible banking ordinance. “We are very pleased that the Boston City Council has passed a local responsible banking ordinance,” said NCRC President and CEO John Taylor. “Local responsible banking ordinances empower local governments to hold banks

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NCRC Statement on Revised Proposed QRM Rule

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Washington, DC – Today, in reaction to the release of a revised proposed Qualified Residential Mortgage (QRM) rule by federal regulators, NCRC President and CEO John Taylor made the following statement: “We are pleased that federal regulators have proposed a revised Qualified Residential Mortgage (QRM) rule that removes the unnecessary downpayment requirement that was previously proposed

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NCRC Efforts Result in Important Conditions on FDIC Approval of Renasant Bank Merger

By / / Press Releases / 4 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition reacted to the Federal Deposit Insurance Corporation (FDIC) issuing a conditional approval of a merger between the holding companies for Renasant Bank and M&F Bank. As a condition of the merger, the newly merged Renasant Bank must conduct additional marketing to small businesses and qualified home

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NCRC Releases GSE Reform Access White Paper

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Washington, DC – Today, the National Community Reinvestment Coalition released a new white paper, “A Guarantee for the Guarantee: Two Proposals to Ensure that the Future Secondary Mortgage Market Serves All Creditworthy Borrowers.” The paper introduces two policy proposals designed to promote access and ensure that the future secondary mortgage market serves all creditworthy borrowers through

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NCRC Applauds Senator Reid’s Remarks on GSE Reform

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Washington, DC – Today, the National Community Reinvestment Coalition applauded remarks from Senate Majority Leader Harry Reid on GSE reform. In a recent interview that addressed GSE reform, Senator Reid expressed the need to “protect homeownership.” “We are very glad to hear Senator Reid voice the need to protect homeownership and proceed carefully with GSE reform,”

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NCRC Statement on President Obama’s Arizona Housing Address

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Washington, DC – Today, in reaction to President Obama’s speech on housing in Arizona, NCRC President and CEO John Taylor made the following statement: “We applaud the President for stressing the importance of access to homeownership, affordable rental housing, and responsible lending. But we are very concerned that the President didn’t address what is missing from

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NCRC Statement on the Nomination of Sarah Bloom Raskin as Deputy Treasury Secretary

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  Washington, DC – Today, in reaction to the news that President Obama has nominated Federal Reserve Board Governor Sarah Bloom Raskin to serve as Deputy Treasury Secretary, NCRC President and CEO John Taylor made the following statement:  “Sarah Bloom Raskin is sure to be an excellent Deputy Treasury Secretary, and we urge her prompt confirmation.

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NCRC Statement on HUD’s Proposed Affirmatively Furthering Fair Housing Rule

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Washington, DC – Today, the United States Department of Housing and Urban Development (HUD) released for public comment a proposed regulation clarifying the duty of government funded entities to Affirmatively Furthering Fair Housing. This highly anticipated rule provides guidance to over 1200 local governments, all states, and more than 4000 Housing Authorities and community development

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NCRC Applauds Confirmation of Thomas Perez as Secretary of Labor

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  Washington, DC – Today, the National Community Reinvestment Coalition applauded the confirmation of Thomas Perez as Secretary of the U.S. Department of Labor. NCRC President and CEO John Taylor made the following statement: “We are very pleased that Thomas Perez has been confirmed as Secretary of Labor. Tom Perez is an outstanding public servant

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NCRC Applauds Confirmation of Richard Cordray

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Washington, DC – Today, the National Community Reinvestment Coalition applauded the Senate confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). NCRC President and CEO John Taylor made the following statement: “Chalk one up for consumers. Big money didn’t want to see the Consumer Financial Protection Bureau created or a talented

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NCRC Calls on Senate to Confirm Richard Cordray

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  Washington, DC – Today, the National Community Reinvestment Coalition called for the Senate to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). President Obama renominated Cordray to be CFPB Director in January of 2013. Senate Majority Leader Harry Reid filed for cloture on the motion to proceed on Cordray’s nomination

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