Wells Fargo & Co. Chief Executive Officer Tim Sloan said last year that a wholesale makeover of his board would be “crazy.” Well, now it’s happening.
Bloomberg: Wells Fargo CEO confronts board overhaul he once called ‘crazy’ Read More »
Analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years.
Bain & Company: Labor 2030: The collision of demographics, automation and inequality Read More »
The National Community Reinvestment Coalition, joined by almost 500 national and local organizations, today sent a set of recommendations to Treasury Secretary Steve Mnuchin and Comptroller of the Currency Joseph M. Otting to strengthen the Community Reinvestment Act.
The troubling findings in the 2018 Prosperity Now Scorecard and report
Next Avenue: Prosperity in America? not for low-income people Read More »
The less money you have, the more you spend to just be able to use money.
There are 5.3 million Americans who are absolutely poor by global standards. This more than in Sierra Leone (3.2 million) or Nepal (2.5 million).
New York Times: The U.S. can no longer hide from its deep poverty problem Read More »
The Honorable Steven T. Mnuchin Secretary of the Treasury Department of the Treasury 1500 Pennsylvania Ave NW Washington DC, 20220 Click here for a summary of the letter. Dear Secretary Mnuchin, In February of 2017, President Trump issued an executive order mandating that federal agencies regulate the financial industry consistent with core principles including
Letter to Treasury: Strengthening the Community Reinvestment Act Read More »
A number of civil rights and affordable housing groups, including NCRC, criticized the Fannie, Freddie reform bill as an “ill-conceived approach [that] places the risk on the backs of the hardworking families who already rescued the big banks.”
Washington DC– On Tuesday, January 30th, interim Director Mick Mulvaney placed the Office of Fair Lending and Equal Opportunity under his direct control and stripped it of enforcement power. John Taylor, President and CEO of the National Community Reinvestment Coalition, made the following statement. “The CFPB’s organization chart is the agency’s business, but enforcing consumer
Interim Director removes enforcement powers from anti-discrimination office Read More »
WASHINGTON, D.C. – This week, a leaked version of a housing finance proposal from U.S. Senators Bob Corker (TN) and Mark Warner (VA) emerged that would severely harm America’s housing market. Today, several civil rights and affordable housing groups issued a statement on the proposal’s negative impact on access, affordability, and market stability. The Center
Senate housing finance proposal threatens access, affordability, and market stability Read More »
The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”
City lab attains draft of new HUD proposal to enforce work requirements and increase rent for millions receiving housing HUD.
City Lab: HUD may push new work requirements for public housing residents Read More »
“Opening up the floodgates on lending discrimination will damage the ability for people of color to build wealth,” said Debbie Goldstein, executive vice president of the Center for Responsible Lending.
PayPal Holdings Inc’s shares fell as much as 12 percent in after-hours trading on Wednesday after former parent company eBay Inc said it had signed up a new primary payment processor.
Business Insider: PayPal’s getting whacked after eBay announces a new payment partner Read More »
Court rules in favor of consumer protection and finds the CFPB’s independent structure constitutional.
NCRC applauds D.C. Circuit Court decision in landmark CFPB case Read More »
