Press Releases

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NCRC Statement on the Renomination of Richard Cordray as Director of the CFPB

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Washington, DC – Today, in reaction to the news that President Obama has renominated Richard Cordray to lead to the Consumer Financial Protection Bureau (CFPB), NCRC President and CEO John Taylor made the following statement: “Richard Cordray has done an outstanding job as CFPB Director, and we urge the Senate to confirm his nomination. Under […]

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NCRC Statement on CFPB Appraisal Rules

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new appraisal rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new appraisal rules promote transparency and fairness for consumers. In a step that NCRC has long called for, all consumers will now receive copies of

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NCRC Statement on CFPB Mortgage Servicing Rules

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new mortgage servicing rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new mortgage servicing rules set bright lines for mortgage servicers and help to ensure that consumers will be treated fairly and with respect. In

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NCRC Statement on the CFPB’s Qualified Mortgage Rule

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Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement: “The Consumer Financial Protection Bureau, in creating a legal safe harbor for certain

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NCRC Statement on OCC and Federal Reserve Settlement with Servicers

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Washington, DC — Today, in reaction to the announcement of an $8.5 billion settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and ten banks, NCRC President and CEO John Taylor made the following statement: “While compensation for homeowners who have been harmed is a good thing, it is

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NCRC’S DC Minority Business Center to Present Annual Awards

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  Washington, DC — On December 19, the National Community Reinvestment Coalition’s Washington, DC MBDA Business Center, will present its 8th Annual MBDA Business Center Awards.  The awards will acknowledge those that have significantly furthered the center’s efforts to increase access to contracting opportunities and financing for minority business enterprises in 2012. The awards reception

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NCRC Statement on FHA’s 2012 Annual Financial Status Report

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  Washington, DC– Today, NCRC President and CEO John Taylor made the following statement on FHA’s 2012 Annual Financial Status report: “After 78 years of the Federal Housing Administration (FHA) doing things right and performing well from a fiscal perspective, the recent news about its financial health must be seen in perspective. Without FHA, and

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NCRC Statement on CFPB Oversight of Debt Collectors

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) newly published rule allowing the agency to regulate the debt collection industry, NCRC President and CEO John Taylor made the following statement: “The CFPB should be commended for taking steps to reign in the debt collection industry and protect consumers from unsavory

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NCRC Community Development Fund Receives CDFI Certification

By / / Press Releases / 2 minutes of reading

  Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced that the NCRC Community Development Fund has received certification from the Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI). “We are very excited to receive CDFI certification,” said NCRC President and CEO John Taylor. “This certification will allow NCRC

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NCRC Applauds Passage of San Diego Responsible Banking Ordinance

By / / Press Releases / 2 minutes of reading

  Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) applauded the passage of a local responsible banking ordinance in San Diego, California. “Local governments across the nation are continuing to pass measures to induce banks to invest in our communities in a responsible way,” said NCRC President and CEO John Taylor. “This is

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New Data Shows Continued Constricted Credit, Racial Disparities in Lending

By / / Press Releases / 3 minutes of reading

  Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) said that new data released by the Federal Financial Institutions Examination Council showed continued constriction of credit, particularly for low- and moderate income communities and communities of color, and significant disparities in lending by race. The volume of home lending was 7.1 million loans

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Local Community Organizations Convene for White House Forum on Housing

By / / Press Releases / 3 minutes of reading

  Washington, DC – On September 13, dozens of members of the National Community Reinvestment Coalition (NCRC) came to Washington DC for the White House American Economic Competitiveness Forum on Housing. At this forum, over a hundred community advocates came together with administration officials at the White House to discuss solutions to America’s housing crisis. 

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Coalition of Community Organizations Calls on President Obama to Recess Appoint an FHFA Director

By / / Press Releases / 2 minutes of reading

  Washington, DC — Today, hundreds of community organizations sent a letter to President Obama calling on him to make a recess appointment to the Federal Housing Finance Agency (FHFA). FHFA is currently led by an Acting Director, Ed DeMarco, who has refused to allow Fannie Mae and Freddie Mac, which hold the majority of

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NCRC Calls For New Leadership at the Federal Housing Finance Agency

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, in reaction to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco’s decision not to allow Fannie Mae and Freddie Mac to use principal reduction in their loan modification programs, the National Community Reinvestment Coalition called for a change of leadership at FHFA. “DeMarco has failed in his responsibility to do

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NCRC’s Small Business Teaming Center to Hold Inaugural Event

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Washington, DC — On Tuesday, July 24, the National Community Reinvestment Coalition’s Small Business Teaming Center will hold an event to introduce the procurement community to the concept of small business teaming, and give small business owners the opportunity to network. NCRC’s Small Business Teaming Center puts together teams of small businesses with complementary capabilities

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