NCRC, CRL And AFR Blast Senate Democrats For Betraying Small Business Owners With Vote To Rescind Section 1071
Sens. Manchin, Sinema, Tester, Hickenlooper and King voted against their constituents’ best interests on Wednesday.
U.S. Senate
NCRC applauds Democrats in Senate and House for letters to CFPB
Today, 19 Democratic Senators sent a letter to the Consumer Financial Protection Bureau (CFPB) expressing their disapproval of the agency’s proposed rule to reduce Home Mortgage Disclosure Act (HMDA) reporting. This comes on the heels of a similar letter sent on June 11 by 63 House Democrats. Jesse Van Tol, CEO of the National Community
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Letter to the House of Representatives: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Senate housing finance proposal threatens access, affordability, and market stability
WASHINGTON, D.C. – This week, a leaked version of a housing finance proposal from U.S. Senators Bob Corker (TN) and Mark Warner (VA) emerged that would severely harm America’s housing market. Today, several civil rights and affordable housing groups issued a statement on the proposal’s negative impact on access, affordability, and market stability. The Center
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New York Times: Democrats add momentum to G.O.P. push to loosen banking rules
The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry.
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Letter to U.S. Senate on Government Sponsored Enterprises Reform Provisions
Letter to U.S. Senate on Government Sponsored Enterprises Reform Provisions(Download PDF)
Letter to U.S. Senate on Government Sponsored Enterprises Reform Provisions Read More »