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Capitol One acquisition

NCRC Testifies on Older Americans Act before House Appropriations Committee

By / / Testimony & Regulatory Comments / 1 minute of reading

March 29, 2012 — NCRC President and CEO John Taylor and National Neighbors Silver Ambassador, Annette Smith, testified today before the House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, citing issues like economic security for older adults, foreclosure prevention, and the need to restore funding to vital programs affecting America’s […]

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Federal Reserve Approves Capital One Acquisition Deal

By / / Press Releases / 4 minutes of reading

Federal Reserve Approves Capital One Acquisition of ING Direct USA Washington, DC — The Federal Reserve today approved Capital One’s bid to purchase ING Direct with no meaningful conditions. The National Community Reinvestment Coalition (NCRC) and hundreds of organizations nationwide opposed the acquisition because it will make Capital One more systemically risky, while not creating

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National Community Reinvestment Coalition Opposes Capital One Acquisition of HSBC’s Credit Card Unit

By / / Press Releases / 2 minutes of reading

Over a dozen consumer and civil rights groups ask OCC for extension of comment period and public hearings Washington, DC — The National Community Reinvestment Coalition (NCRC) today announced its opposition to the Capital One acquisition of HSBC’s U.S. credit card business. Over a dozen national consumer and civil rights groups wrote to the Office

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NCRC Testifies at Public Hearings on Capital One Deal

By / / Testimony & Regulatory Comments / 1 minute of reading

September 20, 2011 — NCRC President and CEO John Taylor testified today before the Federal Reserve on the Capital One acquisition of ING Direct USA, citing issues like systemic risk, public benefits, the future of community-based banking, and the effectiveness of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Download the Testimony

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Congressman Barney Frank Joins NCRC & Other Community Groups, Calling on Federal Reserve to Hold Public Hearings on Capital One Acquisition of ING Direct

By / / Press Releases / 1 minute of reading

Washington, DC — Today, ranking member Barney Frank of the House Financial Services Committee sent a letter to Federal Reserve Board Chairman Ben Bernanke supporting the National Community Reinvestment Coalition (NCRC) and over a dozen other civil rights and consumer organization’s call for public hearings and an extended comment period on the Capital One acquisition

Congressman Barney Frank Joins NCRC & Other Community Groups, Calling on Federal Reserve to Hold Public Hearings on Capital One Acquisition of ING Direct Read More »

National Groups Call for Public Hearings and Extended Comment Period on Capital One Proposed Acquisition of ING Direct

By / / Press Releases / 4 minutes of reading

Washington, DC — The undersigned national consumer, community, housing and civil rights organizations today made this statement regarding Capital One’s proposal to purchase ING Direct: “We strongly support extending the comment period on the acquisition by at least 60 days and holding public hearings in at least 5 major cities which will cover the impact of

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NCRC Opposes Capital One Deal

By / / Press Releases / 3 minutes of reading

Calls for Federal Reserve to Hold Public Hearings and Extend Comment Period on Capital One Acquisition of ING Direct USA Washington, DC — The National Community Reinvestment Coalition (NCRC) announced today that it will oppose the Capital One acquisition of ING Direct USA, citing serious concerns about the impact of the deal on consumers, communities

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NCRC Request to Bernanke to Hold Public Hearings on Capital One Deal

By / / Testimony & Regulatory Comments / 1 minute of reading

July 25, 2011 — NCRC head John Taylor wrote Federal Reserve Board Chairman Ben Bernanke to request that the Federal Reserve hold public hearings in five cities and extend the comment period on the Capital One acquisition of ING Direct USA, citing serious and pervasive concerns about the deal. Download the Letter

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