Senate plan helps banks, not the economy

Senate Banking Chairman Mike Crapo (R-Idaho) released the text of bipartisan “Economic Growth” legislation, which rolls back valuable fair lending requirements and protections from the dangerous banking practices that led to the 2008 financial crisis.

“This legislation will grow economic inequality rather than our economy, as its name suggests” said John Taylor, President and CEO of the National Community Reinvestment Coalition. “In the midst of several financial scandals, politicians on both sides of the aisle have again proven that their allegiances to Wall Street far surpass their promises to Main Street.”

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NCRC Applauds Senate Confirmation of Julián Castro as HUD Secretary

Washington, D.C. – Today, in reaction to the U.S. Senate’s confirmation of Julián Castro as Secretary of the Department of Housing and Urban Development (HUD), the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:  “We congratulate Secretary Castro on his confirmation as HUD Secretary. We welcome his leadership and look […]

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NCRC Applauds President Obama’s Nomination of Julián Castro to Head HUD

Washington, D.C. – Today, in response to President Obama’s nomination of San Antonio Mayor Julián Castro as the next Secretary of the Department of Housing and Urban Development (HUD) NCRC President and CEO John Taylor made the following statement:  “We applaud President Obama for his nomination of Mayor Julián Castro to serve as the next Secretary […]

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National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on Johnson-Crapo

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) and other leading national organizations sent a letter to Senate Majority Leader Harry Reid calling on him not to give the current Johnson-Crapo housing finance reform legislation a floor vote in the Senate. The letter outlines the groups’ concerns with the bill and warns of the […]

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Hundreds of Community Groups Send Letter to Senate Banking Committee Leadership Expressing Concern About Johnson-Crapo Bill

Washington, DC – Today, hundreds of members of the National Community Reinvestment Coalition (NCRC) across the country and other community groups sent a letter to Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo outlining their concerns with the access provisions in the Johnson-Crapo housing finance reform legislation. The letter, which was signed by […]

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NCRC Applauds Senate Confirmation of Sarah Bloom Raskin as Deputy Treasury Secretary

Washington, DC – Today, in reaction to the Senate’s confirmation of Sarah Bloom Raskin as Deputy Secretary of the U.S. Department of the Treasury, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the confirmation of Sarah Bloom Raskin as Deputy Secretary of the Treasury Department. During […]

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NCRC Applauds Confirmation of Thomas Perez as Secretary of Labor

  Washington, DC – Today, the National Community Reinvestment Coalition applauded the confirmation of Thomas Perez as Secretary of the U.S. Department of Labor. NCRC President and CEO John Taylor made the following statement: “We are very pleased that Thomas Perez has been confirmed as Secretary of Labor. Tom Perez is an outstanding public servant […]

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