Press Releases

For interviews and other media requests, contact: media@ncrc.org

NCRC announces support for Employee Free Choice Act

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July 30th, 2009 
Washington, DC -The National Community Reinvestment Coalition, an association of over 600 community organizations dedicated to expanding access to capital and credit, today announced its support for Employee Free Choice Act (EFCA). The Employee Free Choice Act would expand the right of working people to expand unions to bargain collectively in their work place. NCRC endorsed EFCA out of a deep concern for the pervasive violation of the working people when they attempt to exercise their basic freedom to form unions.
 

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Jim Carr Testifies Before the U.S. House of Representatives Financial Services Subcommittee

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July 16th 
Jim Carr, NCRC Chief Operating Officer, testifies before the House Financial Services Subcommittee on Domestic Monetary Policy and Technology on the subject of "Regulatory Restructuring: Safeguarding Consumer Protection and the Role of the Federal Reserve".

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John Taylor Testifies Before the U.S. House of Representatives Financial Services Committee

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July 16th 
jt pic.jpg
 
NCRC’s President and CEO John Taylor testifies before the U.S. House of Representatives Financial Services Committee Hearing on "Community and Consumer Advocates" Perspective on the Obama Administration’s Financial Regulatory Reform Proposal.

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Industry Spends Taxpayer Money Trying to Avoid Accountability

By / / Press Releases / 3 minutes of reading
July 3, 2009
Washington, DC – The financial services industry is considering a series of ads attacking the Obama Administration’s proposed Consumer Financial Protection Agency, according to Dow Jones. The ads are distasteful and inappropriate, considering that the taxpayers have heavily subsidized the financial system as a result of the irresponsible and abusive lending products and practices of the financial industry.

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Efforts to Weaken Consumer Protection Agency Underway

By / / Press Releases / 2 minutes of reading
July 9, 2009     
Washington, DC – The bill introduced by Congress yesterday to createthe Consumer Financial Protection Agency leaves out critical consumerprotections originally proposed by President Obama. In particular, theproposal leaves the power to enforce the Community Reinvestment Actwith the existing bank regulatory agencies. The change comes as thefinancial industry spends millions of dollars attempting to weakenconsumer protections. 

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New Release!

By / / Press Releases / 1 minute of reading
The National Council of Negro Women, in partnership with the National Community Reinvestment Coalition, released a report "Assessing the Double Burden:  Examining Racial and Gender Disparities in Mortgage Lending," which is the third report in the NCRC "Income Is No Shield" series.  Among its principal findings are that minorities are much more likely to receive high-cost home mortgage loans than their white counterparts, and that, in many instances, disparities by race widen as income levels for minorities increase.

 
Click here to read the press release.
pdfClick here to read the report.

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New Report Details Experience of Minority Women in the Subprime Lending Market & Disparate Treatment

By / / Press Releases / 4 minutes of reading

  FOR IMMEDIATE RELEASE                                                                                     Contact:  Jesse Van Tol (202) 464-2709 June 4, 2009                                                                                                                               jvantol@ncrc.org   On Anniversary of Passage of Voting Rights for Women, New Report Details Experience of Minority Women in the Subprime Lending Market and

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John Taylor, NCRC President and CEO, Meets with President Obama at the White House

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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,

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