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John Taylor

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

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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 Releases White Paper on Improving the Quality and Accessibility of Small Business Loan Data

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released “Recommendations to the Consumer Financial Protection Bureau for Implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,” a white paper presenting recommendations on the collection and public availability of small business loan data from financial institutions. “The collection

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Coalition of Community Groups Challenges Valley National Bank Merger Based on Lending Concerns

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Washington, DC – Today, a coalition of community groups led by the National Community Reinvestment Coalition (NCRC) came together to oppose the proposed merger between New Jersey-based Valley National Bank and Florida-based 1st United Bank. In a letter to the Office of the Comptroller of the Currency (OCC), which is evaluating the proposed merger, the

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NCRC Applauds Senate Confirmation of Julián Castro as HUD Secretary

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Washington, D.C. – Today, in reaction to the U.S. Senate’s confirmation of Julián Castro as Secretary of the Department of Housing and Urban Development (HUD), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:  “We congratulate Secretary Castro on his confirmation as HUD Secretary. We welcome his leadership and look

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NCRC Applauds President Obama’s Nomination of Julián Castro to Head HUD

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Washington, D.C. – Today, in response to President Obama’s nomination of San Antonio Mayor Julián Castro as the next Secretary of the Department of Housing and Urban Development (HUD) NCRC President and CEO John Taylor made the following statement:  “We applaud President Obama for his nomination of Mayor Julián Castro to serve as the next Secretary

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NCRC Reacts to President Obama’s 2014 State of the Union Address

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Washington, DC – Today, in response to President Obama’s State of the Union address, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud President Obama for focusing on income inequality and the importance of upward mobility in his State of the Union address. We are pleased that this

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

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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 Statement on Release of FHA Annual Actuarial Review

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Washington, DC – Today, in response to the release of the Federal Housing Administration (FHA)’s annual financial status report to Congress, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “NCRC welcomes the positive news contained in FHA’s actuarial review. The review underscores the strong performance of loans issued after

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NCRC Applauds Nomination of Janet Yellen as Federal Reserve Chair

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the nomination of Federal Reserve Board Governor Janet Yellen to lead the Federal Reserve Board. NCRC President and CEO John Taylor made the following statement: “Janet Yellen is an excellent regulator who is responsive to the needs of consumers. She has been a champion for

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NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data

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Washington, DC – Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities

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NCRC Applauds Passage of Local Responsible Banking Ordinance in Boston

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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Boston City Council’s unanimous passage of a local responsible banking ordinance. “We are very pleased that the Boston City Council has passed a local responsible banking ordinance,” said NCRC President and CEO John Taylor. “Local responsible banking ordinances empower local governments to hold banks

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NCRC Statement on Revised Proposed QRM Rule

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Washington, DC – Today, in reaction to the release of a revised proposed Qualified Residential Mortgage (QRM) rule by federal regulators, NCRC President and CEO John Taylor made the following statement: “We are pleased that federal regulators have proposed a revised Qualified Residential Mortgage (QRM) rule that removes the unnecessary downpayment requirement that was previously proposed

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NCRC Applauds Senator Reid’s Remarks on GSE Reform

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Washington, DC – Today, the National Community Reinvestment Coalition applauded remarks from Senate Majority Leader Harry Reid on GSE reform. In a recent interview that addressed GSE reform, Senator Reid expressed the need to “protect homeownership.” “We are very glad to hear Senator Reid voice the need to protect homeownership and proceed carefully with GSE reform,”

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NCRC Statement on President Obama’s Arizona Housing Address

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to President Obama’s speech on housing in Arizona, NCRC President and CEO John Taylor made the following statement: “We applaud the President for stressing the importance of access to homeownership, affordable rental housing, and responsible lending. But we are very concerned that the President didn’t address what is missing from

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