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Press releases

NCRC Statement on CFPB’s Rule on Abusive Payday and Car Title Lending

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Washington, DC – Today, in response to the release of the Consumer Financial Protection Bureau’s (CFPB) rule to protect consumers from abusive payday and car title loans, NCRC President and CEO John Taylor made the following statement.   “We applaud the CFPB for taking this crucial step to protect consumers.  This will help stop abusive practices that trap working class consumers […]

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HMDA data reveals the nation’s biggest banks massively reduced their lending to working class Americans in 2016

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Washington, DC – Today, in reaction to the release of the 2016 Home Mortgage Disclosure Act (HMDA) data, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement. “Home ownership is the primary means by which America built the largest and wealthiest middle class in the world, a legacy that is

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NCRC Statement on Hurricane Harvey

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Washington, DC – The National Community Reinvestment Coalition’s thoughts and prayers are with the families of Southeast Texas and Southwest Louisiana who are experiencing continuous and unprecedented flooding from Hurricane Harvey. Over six million people, more than the population of 33 individual states, live in the areas impacted by the storm. “The NCRC community is

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

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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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Affordable Housing Advocates and Small Lenders Join Together is Applauding Dir. Mel Watt Commitment to Shoring Up the Reserves at Fannie Mae and Freddie Mac

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Washington, DC – Leaders of the National Community Reinvestment Coalition (NCRC), Community Home Lenders Association (CHLA), Community Mortgage Lenders of America (CMLA), Corporation for Enterprise Development (CFED), Leadership Conference on Civil and Human Rights, Leading Builders of America, League of United Latin American Citizens (LULAC), NAACP and the National Urban League released the following joint statement in anticipation of Treasury Secretary Steve Mnuchin’s testimony before the U.S. Senate Banking

Affordable Housing Advocates and Small Lenders Join Together is Applauding Dir. Mel Watt Commitment to Shoring Up the Reserves at Fannie Mae and Freddie Mac Read More »

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

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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

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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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Rural Communities and Several Major Urban Areas Bear Brunt of Bank Branch Closures Since Financial Crisis With Emergence of 86 New ‘Banking Deserts,’ NCRC Report Says

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Maryland, Nevada, Georgia experience largest state-level declines in bank branches, NCRC report says. Biggest county-level declines in Baltimore County, Md.; Marion County, Ind.; Philadelphia, Pa. Click here to visit the web tool. Washington, DC – Due to the closure of more than 6,000 bank branches nationwide since the financial crisis, rural communities around the country are experiencing a troubling

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NCRC Responds to Release of Financial CHOICE Act 2.0

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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

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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

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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

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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

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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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Northwest Bank, Buffalo Niagara Community Reinvestment Coalition, and National Community Reinvestment Coalition Announce $101.97 Million Community Development Plan

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Buffalo, NY – Today, in an agreement reached with the Buffalo Niagara Community Reinvestment Coalition (BNCRC), a National Community Reinvestment Coalition (NCRC) community-based coalition in the Buffalo, NY metropolitan area, Northwest Bank announced a commitment of $101.97 million for community development, including lending and investments. The agreement will take place over a five-year period, and

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NCRC Statement on the Confirmation of Ben Carson as HUD Secretary

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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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