Fed Chairman

Federal Reserve Approves Capital One Acquisition Deal

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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NCRC Applauds Efforts to Develop Disposition Plan for Foreclosed Homes

Washington, DC — The National Community Reinvestment Coalition (NCRC) today applauded the announcement by the Obama Administration of a developing plan to put vacant and abandoned properties owned by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) back to productive use as affordable housing. John Taylor, President & CEO of NCRC, made this …

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