Click here to view the entire statement as a .pdf
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Washington, DC – One year ago, the Lehman Brothers investment bank failed. That event resulted in the largest bailout of the financial services industry in history. To date, more than $23 trillion dollars has been provided in investments, loans and guarantees, according to the Special Inspector General overseeing the bailout. But the core problem that triggered the crisis has yet to be fully addressed. Until the home foreclosure crisis has been addressed, the banking system and the economy will remain largely crippled.
The House Financial Services Committee will hold a hearing on expanding the Community Reinvestment Act (CRA) next Wednesday, September 16 at 10 a.m. EST. NCRC’s President and CEO, John Taylor, will be testifying at this important hearing. Click HERE to sign the petition and join thousands of others in calling for the expansion of CRA!
NCRC Mourns the Passing of Senator Edward Kennedy
Washington, DC – John Taylor, the president and CEO of the National Community Reinvestment Coalition, today made this statement: “Senator Edward Kennedy was without peer as a Congressional leader; the inspiration he has provided to generations is sore comfort for our sorrow at his loss. His passing is deeply felt by all who strive for a more just society."
New Report Details Experience of Minority Women in the Subprime Lending Market & Disparate Treatment
FOR IMMEDIATE RELEASE Contact: Jesse Van Tol (202) 464-2709 June 4, 2009 firstname.lastname@example.org On Anniversary of Passage of Voting Rights for Women, New Report Details Experience of Minority Women in the Subprime Lending Market and
On May 22, 2009, John Taylor attended the bill signing of the Credit Card Accountability, Responsibility, and Disclosure Act at the White House. Following the signing, Taylor encouraged the President to support CRA modernization. Historically supportive of CRA, President Obama said that he looks forward to a more detailed conversation with NCRC in the future,
NCRC says program should move toward mandatory participation by lenders & servicers.
Click here to read the Press Release. Pictures from the Press Conference:
Read the Office of Thrift Supervision’s press release: Co-Chairman and Three New Members Appointed for OTS Minority Depository Institutions Advisory Committee