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Press releases

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

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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

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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

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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

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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

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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

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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

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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

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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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NCRC Statement on FHFA’s Final Duty to Serve Rule

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Today, in reaction to the release of the Federal Housing Finance Agency’s (FHFA) final Duty to Serve rule, NCRC President and CEO John Taylor made the following statement: “The Duty to Serve framework that the FHFA has outlined is an important complement to the affordable housing goals in reaching the three underserved markets it targets

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Community Groups Send Letter to FHFA and Treasury Department Expressing Concern About Affordable Mortgage Credit Access

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Washington – Today, the National Community Reinvestment Coalition (NCRC) and 20 civil rights and consumer advocacy groups sent a letter to Mel Watt, Director of the Federal Housing Finance Agency (FHFA), and Jacob Lew, Secretary of the U.S. Department of the Treasury, expressing concern about the Government Sponsored Enterprises’ (GSEs) Single Family Housing Goals performance and tighter access

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NCRC DC Women’s Business Center to Host Women-Owned Business Holiday Bazaar and Awards Ceremony

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Washington – The National Community Reinvestment Coalition’s Washington, DC Women’s Business Center (DC WBC) will hold its Third Annual “Shop, Sip and Celebrate” Holiday Bazaar this year on Tuesday, December 6, 2016. The DC WBC Holiday Bazaar is a pop-up marketplace to showcase local women-owned small businesses, many of which are DC WBC clients. It

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NCRC Statement on Selection of Steve Mnuchin as Treasury Secretary Nominee

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Washington, DC – Today, in reaction to the news that Steve Mnuchin will be President-Elect Donald Trump’s nominee to serve as Secretary of the Department of the Treasury, and subsequent remarks from Mr. Mnuchin, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “NCRC has long advocated for the

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

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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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NCRC Statement on Facebook Advertising Practices

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Washington, DC – Today, in reaction to a ProPublica report on Facebook allowing advertisers to exclude users by race, the National Community Reinvestment Coalition (NCRC) made the following statement: “NCRC is shocked and appalled to learn that Facebook appears to be engaging in practices that are not only discriminatory, but also illegal,” said NCRC President and CEO John Taylor.

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Community, Consumer, and Civil Rights Groups Chart Preferred Path for OCC Regulation of Fintechs

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Washington, DC – Today, 90 community, consumer, and civil rights groups sent a letter led by the National Community Reinvestment Coalition (NCRC) to the Office of the Comptroller of the Currency (OCC) outlining the preferred path for regulation of financial technology companies (fintechs), such as online marketplace lenders, if they are granted charters by the regulator. The groups propose

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