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 the Community Reinvestment Act, and understands the importance of the law and its benefit for our communities. With Janet Yellen as Chair, the Federal Reserve would have a leader who looks out for what is best for consumers and communities, rather than what is best for banks. We call for her prompt confirmation as Chair.”
About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.