foreclosure crisis

NCRC Community Development Fund Receives $420,000 Award from CDFI Fund

Washington, DC — The National Community Reinvestment Coalition Community Development Fund (NCRC CDF) has been awarded $420,000 from the Community Development Financial Institutions (CDFI) Fund. This week, the CDFI Fund announced that it has awarded more than $160 million to 152 organizations through the FY2014 round of the CDFI program. “The NCRC Community Development Fund …

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NCRC and ANHD Release Local Responsible Banking Ordinance Resources

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and its member organization, the Association for Neighborhood and Housing Development (ANHD), released a set of resources to aid the advancement of local responsible banking ordinances in cities throughout the nation. Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services …

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NCRC to Testify Before Congress on Need to Reform Appraisal Process

Washington, DC – Today, David Berenbaum, Chief Program Officer of the National Community Reinvestment Coalition (NCRC), will testify in a hearing before the Congressional Subcommittee on Insurance, Housing, and Community Opportunity. In the hearing, entitled Appraisal Oversight: The Regulatory Impact on Consumers and Businesses, NCRC will call upon Congress to enact a series of reforms …

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

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

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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State of the Union: As Homeowners Go, So Goes the Economy

Washington, DC — The National Community Reinvestment Coalition (NCRC), the nation’s preeminent advocacy group for fair lending and housing, commends President Obama’s call to resuscitate the housing market expected in his annual State of the Union speech. John Taylor, NCRC President and CEO, said: “The weakness of the market since the 2008 crash continues to …

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NCRC Supports Appointment of Richard Cordray to Head the CFPB

Obama Appoints Protector of the Taxpayer Interest Washington, DC — President Obama will today use his constitutional authority to recess appoint former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its Henry B. Gonzalez Award for outstanding public service, noting that …

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Senators Vote for Wall Street, Against the American People

Senate Blocks Qualified Nominee Washington, DC — The National Community Reinvestment Coalition (NCRC) today issued the following statement after the Senate failed to secure cloture on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau. NCRC President & CEO John Taylor: “Shame on those Senators who have blocked Richard Cordray’s nomination. The …

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NCRC Calls on Senate to Confirm Richard Cordray to Head the CFPB

Washington, DC — The National Community Reinvestment Coalition today urged the Senate to confirm former Ohio Attorney General Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its prestigious Henry B. Gonzalez Award for outstanding public service, noting that he was a “shining …

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

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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White Paper: The Foreclosure Crisis and its Impact on Communities of Color

The Foreclosure Crisis and Its Impact on Communities of Color: Research and Solutions As the foreclosure crisis continues unabated, destroying wealth for American families and undermining the stability and vibrancy of communities, the National Community Reinvestment Coalition’s (NCRC) latest whitepaper serves as an in-depth investigation of the success and weaknesses of the major federal and …

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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

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 …

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

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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