NCRC Statement on Final QRM Rule

Washington, DC – Today, in reaction to the adoption of a final credit risk retention rule by federal regulators, NCRC President and CEO John Taylor made the following statement: “We are pleased that regulators have aligned the definition of a Qualified Residential Mortgage with the definition of a Qualified Mortgage, and that the final rule […]

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NCRC Applauds Senate Confirmation of Janet Yellen as Chair of the Federal Reserve

Washington, DC – Today, in reaction to the Senate’s confirmation of Janet Yellen as Chair of the Federal Reserve, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Janet Yellen as Chair of the Federal Reserve. Not only has she shown a strong commitment […]

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NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa

Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory. Yesterday, in […]

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Following Report On Bank Pullout From Low Income Areas, NCRC Calls On Regulators To Take Action

Washington, DC — In the wake of a troubling new report from SNL Financial showing major banks pulling out from low-income areas, the National Community Reinvestment Coalition (NCRC) has called for banking regulators to investigate the trend and take action. The SNL Financial report, entitled “Banks follow the money and exit lower-income areas,” finds that […]

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NCRC Testifies on Older Americans Act before House Appropriations Committee

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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NCRC Applauds President Obama’s Leadership on Housing

Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) applauded President Obama for announcing new steps allowing homeowners to refinance FHA insured loans at lower rates, and an agreement with lenders which would provide financial restitution for veterans who were improperly foreclosed upon. NCRC President & CEO John Taylor called upon Edward DeMarco, Acting Director […]

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