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CFPB

NCRC Statement on the Renomination of Richard Cordray as Director of the CFPB

By / / Press Releases / 1 minute of reading

Washington, DC – Today, in reaction to the news that President Obama has renominated Richard Cordray to lead to the Consumer Financial Protection Bureau (CFPB), NCRC President and CEO John Taylor made the following statement: “Richard Cordray has done an outstanding job as CFPB Director, and we urge the Senate to confirm his nomination. Under […]

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NCRC Statement on CFPB Appraisal Rules

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new appraisal rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new appraisal rules promote transparency and fairness for consumers. In a step that NCRC has long called for, all consumers will now receive copies of

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NCRC Statement on CFPB Mortgage Servicing Rules

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new mortgage servicing rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new mortgage servicing rules set bright lines for mortgage servicers and help to ensure that consumers will be treated fairly and with respect. In

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NCRC Statement on FHA’s 2012 Annual Financial Status Report

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  Washington, DC– Today, NCRC President and CEO John Taylor made the following statement on FHA’s 2012 Annual Financial Status report: “After 78 years of the Federal Housing Administration (FHA) doing things right and performing well from a fiscal perspective, the recent news about its financial health must be seen in perspective. Without FHA, and

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NCRC Statement on CFPB Oversight of Debt Collectors

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) newly published rule allowing the agency to regulate the debt collection industry, NCRC President and CEO John Taylor made the following statement: “The CFPB should be commended for taking steps to reign in the debt collection industry and protect consumers from unsavory

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Coalition of Community Organizations Calls on President Obama to Recess Appoint an FHFA Director

By / / Press Releases / 2 minutes of reading

  Washington, DC — Today, hundreds of community organizations sent a letter to President Obama calling on him to make a recess appointment to the Federal Housing Finance Agency (FHFA). FHFA is currently led by an Acting Director, Ed DeMarco, who has refused to allow Fannie Mae and Freddie Mac, which hold the majority of

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NCRC Calls For New Leadership at the Federal Housing Finance Agency

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, in reaction to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco’s decision not to allow Fannie Mae and Freddie Mac to use principal reduction in their loan modification programs, the National Community Reinvestment Coalition called for a change of leadership at FHFA. “DeMarco has failed in his responsibility to do

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NCRC Lauds Passage of Responsible Banking Ordinances In NY and LA

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) applauded the passage of responsible banking ordinances in New York City and Los Angeles, and commended the Association for Neighborhood and Housing Development (ANHD), an NCRC member organization, and Los Angeles City Councilmember Richard Alarcón for their efforts advancing the initiatives. “This is a beacon

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NCRC Files CFPB & FTC Complaints Against Adrian Cronauer of Good Morning Vietnam Fame

By / / Press Releases / 2 minutes of reading

Washington, DC — The National Community Reinvestment Coalition (NCRC) has filed complaints with the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) against Adrian Cronauer and the Cronauer Law Center. Mr. Cronauer, who is best known as the radio disc jockey who inspired Robin Williams’ character in the film Good Morning Vietnam, now

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At NCRC Conference, Joseph Smith Jr., Franklin Raines, Marc Morial, Mark Calabria Discuss Solutions To Foreclosure Crisis, Returning Home Opportunity To America

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, at the National Community Reinvestment Coalition’s (NCRC) annual conference, a panel of top experts will discuss and debate how best to reach equitable, workable solutions to the foreclosure crisis. The plenary will feature Joseph Smith Jr., monitor for the national mortgage settlement, Franklin Raines, former Fannie Mae Chairman and CEO, Marc Morial,

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CFPB Director Cordray Announces Push To Prevent Discriminatory Lending

By / / Press Releases / 3 minutes of reading

Washington, DC — Today, in a keynote address at the National Community Reinvestment Coalition’s (NCRC) annual conference, Consumer Financial Protection Board (CFPB) Director Richard Cordray announced that the agency will use all available legal avenues, including disparate impact, to pursue discriminatory lenders. “We want consumers to avoid the marketplace’s silent pickpocket — discrimination,” said CFPB

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Robosigning Settlement Step Towards Full Recognition of Extraordinary Harm to Homeowners & Economy

By / / Press Releases / 2 minutes of reading

Washington, DC — Today federal officials and state Attorneys General reached an agreement with five major lenders to settle claims stemming from “robosigning” and other servicing abuses. John Taylor, president & CEO of the National Community Reinvestment Coalition (NCRC) made this statement: “The settlement recognizes that all homeowners have been damaged by widespread abuses in

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Congress Must Act on President Obama’s Housing Proposals

By / / Press Releases / 2 minutes of reading

Washington, DC — The National Community Reinvestment Coalition (NCRC) today made this statement regarding measures the Obama administration is proposing to help the ailing housing market: “If there is a problem with the President’s plan, it’s that Congress must approve it. The President has put forward some very sensible proposals to ensure that the housing market

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