NCRC Statement on the U.S. Treasury’s Report

Washington, DC – Today,  in response to the U.S Treasury Department’s report on the financial system, NCRC’s President and CEO John Taylor made the following statement: “Obviously, we are disappointed by the Treasury report’s recommendations to repeal several key consumer protections.” “These recommendations, if adopted, affect the structure and authorities of the Consumer Financial Protection […]

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NCRC Applauds FHFA Director Watt’s Call for GSEs to Retain Their Profits

Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s testimony before Congress warning of a possible bailout of the government-sponsored enterprises (GSEs) from the U.S. Department of Treasury and supporting retention of the GSEs’ profits rather than turning them over to the U.S. Treasury, the National Community Reinvestment Coalition’s […]

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NCRC Testifies at CFPB Field Hearing on Small Business Lending Trends

Washington, DC – Today, National Community Reinvestment Coalition (NCRC) Senior Advisor Josh Silver testified before a Consumer Financial Protection Bureau (CFPB) field hearing regarding small business lending trends. In the testimony, NCRC detailed the difficulties that many women-, minority-owned, and very small businesses experience accessing small business lending. NCRC also discussed the benefits of the […]

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NCRC Responds to Release of Financial CHOICE Act 2.0

Washington, DC – Today, in response to the release of the Financial CHOICE Act 2.0 by the Chair of the House Financial Services Committee, Jeb Hensarling, NCRC’s President and CEO John Taylor made the following statement. “This bill is a disaster in the making. It should be called the ‘The NO-CHOICE Act;’ it removes people’s access […]

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NCRC Responds to President Trump Declaring April as National Financial Capability Month

Washington, DC – Today, in response to President Trump’s declaration of April as National Financial Capability Month, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “Through this declaration, President Trump has announced his support of financial capability for working Americans, but actions taken by him and some members […]

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NCRC Honors 2017 National Achievement Award Winners at Annual Conference

Washington, DC – On March 29 at the National Community Reinvestment Coalition’s (NCRC) 2017 Annual Conference, “Creating a Just Economy,” NCRC presented its National Achievement Awards and honored leaders in expanding fair access to financial services. The awards ceremony featured remarks from Richard Cordray, Director of the Consumer Financial Protection Bureau, who was also an […]

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NCRC and Community Groups Send Letter Urging FHFA and Treasury to Shore Up GSE Capital Buffer

Washington, DC – Today, community groups led by the National Community Reinvestment Coalition (NCRC) sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA) and Secretary of the U.S. Department of the Treasury Steven Mnuchin expressing concerns about the declining capital buffer at the government-sponsored enterprises Fannie Mae and Freddie Mac. […]

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NCRC Reacts to President Trump’s Budget Proposal

Washington, DC – Today, in response to the release of President Trump’s proposed budget calling for massive spending cuts that would have a devastating effect on low- and moderate-income communities and communities of color, NCRC President and CEO John Taylor made the following statement.  “Across the board, President Trump’s budget does not respond to the […]

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NCRC Statement on the Confirmation of Ben Carson as HUD Secretary

Washington, DC – Today, in response to the U.S. Senate’s confirmation of Dr. Ben Carson as Secretary of the U.S. Department of Housing and Urban Development, NCRC’s President and CEO John Taylor made the following statement. “We congratulate Dr. Carson on his confirmation as Secretary of the U.S. Department of Housing and Urban Development (HUD). We […]

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NCRC Applauds U.S. Court of Appeals’ Decision to Grant CFPB’s En Banc Petition

Washington, DC – Today, in response to the DC Circuit of the U.S. Court of Appeals’ decision to grant the Consumer Financial Protection Bureau’s (CFPB) petition to hear PHH Corporation vs. CFPB en banc, NCRC’s President and CEO John Taylor made the following statement.  “We applaud the Court’s decision to allow the CFPB’s petition for […]

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