NCRC

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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NCRC Statement on the Confirmation of Linda McMahon as SBA Administrator

Washington, DC – Today, in response to the U.S. Senate’s confirmation of Linda McMahon as Administrator of the U.S. Small Business Administration, NCRC’s President and CEO John Taylor made the following statement. “We congratulate Ms. McMahon on her confirmation as Administrator of the Small Business Association. Small businesses are the lifeblood of our economy and …

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NCRC Statement on the Confirmation of Steve Mnuchin as Treasury Secretary

Washington, DC – Today, in response to the confirmation of Steve Mnuchin as Secretary of the U.S. Department of the Treasury, NCRC President and CEO John Taylor made the following statement: “As Treasury Secretary, Mr. Mnuchin will have the opportunity to shape economic policies to promote fair access to financial services for all Americans, including …

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NCRC Statement on the Confirmation of Jeff Sessions as Attorney General

Washington, DC – Today, in response to the U.S. Senate’s confirmation of Senator Jeff Sessions as Attorney General, NCRC’s President and CEO John Taylor made the following statement. “We continue to have deep concerns about Senator Sessions’ record on issues of fair housing, civil rights and hate crime prevention. Senator Sessions’ record on voting rights …

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NCRC Statement on Executive Orders on Dodd-Frank and the Fiduciary Rule

Washington, DC – Today, in response to President Trump’s issuance of executive orders on the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fiduciary rule, NCRC President and CEO John Taylor made the following statement: “With the executive orders today, this administration is serving Wall Street and their worst tendencies rather than Main …

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NCRC Statement on Trump Administration Executive Order Restricting Immigration from Seven Countries

Washington, DC – Today, in response to the implementation of a Trump Administration executive order sharply restricting travel and immigration from seven countries, the National Community Reinvestment Coalition’s (NCRC) President and CEO, John Taylor, made the following statement: “NCRC stands for an inclusive society, where no matter your nationality, creed or color, you have opportunities to prosper and become a part …

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NCRC Statement on Trump Administration Raising FHA Mortgage Premiums

Washington, DC – Today, in reaction to the Trump Administration’s action to raise Federal Housing Administration (FHA) mortgage premiums, NCRC President and CEO John Taylor made the following statement: “This move makes mortgages more expensive for working class people. It will further dampen the housing market, where already there are many responsible creditworthy borrowers who are needlessly …

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NCRC Opposes the Nomination of Senator Jeff Sessions to Serve as Attorney General

Washington, DC – Today, as the U.S. Senate Judiciary Committee holds a confirmation hearing on the nomination of Senator Jeff Sessions to serve as U.S. Attorney General, the National Community Reinvestment Coalition’s President and CEO, John Taylor, made the following statement in opposition to the nomination:  “The key test for any nominee to serve as Attorney General …

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Fifth Third Bank and National Community Reinvestment Coalition Announce $30 Billion Community Development Plan

Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest and Southeast, Fifth Third Bank announced an increase to their landmark community benefits agreement to $30 billion. The commitment covers community development, including lending and investments, between 2016 and 2020. Fifth …

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