NCRC

CityLab: How the Fair Housing Act failed black homeowners

Fair-lending enforcement would not happen in earnest until years after the Fair Housing Act, not until the Community Reinvestment Act of 1977 required financial institutions go on record about what they considered their market area. The law intentionally created a conundrum for any institution that was redlining: How could it accept deposits from customers to whom it was unwilling to lend?

American Banker: 5 takeaways from Treasury’s call to action on CRA

The report “addressed what we have for a long time talked about with assessment areas. We think that is a step in the right direction,” said John Taylor, President and CEO of NCRC. But Taylor wanted to make sure that regulators do not lose sight of the importance of branch locations if they expand the assessments to other areas.

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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