Washington, DC – Today, in reaction to the attack in Orlando, Florida, NCRC President and CEO John Taylor made the following statement: “When someone faces an attack as a result of their sexual orientation, their race, their color, their country of origin, their gender identity, their disability, or their religious beliefs, it is an attack on […]
NCRC Grieves for Orlando Attack Victims Read More »
Washington, DC – Today, the National Community Reinvestment Coalition applauded a letter from 32 Members of Congress to FHFA Director Mel Watt, and Treasury Secretary Jack Lew, urging them to ensure that Fannie Mae and Freddie Mac are adequately capitalized. NCRC members first introduced and urged Members of Congress to sign on to this letter at
Washington, DC – Today, in response to the release of the Consumer Financial Protection Bureau’s (CFPB) proposed 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 proposing a rule that sensibly includes consideration of a borrower’s ability to repay
NCRC Statement on CFPB’s Proposed Rule on Payday and Car Title Lending Read More »
Washington, DC – Today, NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase
Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest, Huntington Bancshares Inc. announced a commitment of $16.1 billion for community development, including lending and investments, over a five-year period. Huntington’s Community Development Plan, set to begin in 2017, includes mortgage
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released a white paper describing the importance of Community Reinvestment Act (CRA) exam performance context analysis, reviewing current implementation of the analysis, and prescribing improvements. The paper, “CRA Performance Context: Why it is Importance for Community Development and How to Improve it,” shows that current
Washington, DC – Today, in reaction to the announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers, NCRC President and CEO John Taylor made the following statement: “We applaud FHFA and Director Watt for taking this important step in the
NCRC Applauds FHFA Principal Reduction Modification Program Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and KeyBank signed a landmark $16.5 billion community benefits agreement. The commitment, signed at the 2016 NCRC Annual Conference, is the largest by a single bank in recent history. KeyCorp’s Chairman and CEO Beth Mooney and NCRC’s President and CEO John Taylor were joined at the signing by community leaders
NCRC and KeyBank Announce Landmark $16.5 Billion Community Benefits Agreement Read More »
Washington, DC – From March 16-19, the National Community Reinvestment Coalition (NCRC) will hold its annual conference, “Creating a Just Economy,” bringing together hundreds of participants and community organizations from across the nation. This year, the conference will feature keynote speakers Cornell William Brooks, President and CEO of the NAACP, Senator Jeff Merkley of Oregon, Dr. Julianne Malveaux,
Media Advisory: NCRC to Host 2016 Annual Conference March 16-19 in Washington, DC Read More »
Washington – Today, in response to Federal Housing Finance Agency Director (FHFA) Mel Watt’s remarks at the Bipartisan Policy Center regarding the conservatorship of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Community Reinvestment Coalition’s President and CEO John Taylor made the following statement. “We are pleased that Director Watt has
NCRC Reacts to FHFA Director Mel Watt’s Remarks at the Bipartisan Policy Center Read More »
Washington – Today, the National Community Reinvestment Coalition (NCRC) sent a letter to Janet Yellen, Chair of the Federal Reserve Board of Governors, Thomas J. Curry, Comptroller of the Currency, and Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation, asking that they declare Flint, Michigan a designated disaster area in response to its
NCRC Calls on Financial Regulatory Agencies to Declare Flint, MI a Disaster Area Read More »
