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GFBI Background: A Global Call to Action
NCRC has recognized that victories against private banks
and other financial institutions involved in extortionist
lending and curbing equal access to finance, can only take
place if citizens around the world join together to fight
against these injustices in the global arena.
For several years, NCRC staff and members have responded
to groups around the world who wanted to learn about U.S.
Citizen protections and financial rights so as to achieve
them in their own countries. NCRC President, John Taylor,
was instrumental in helping South African groups to develop
their HMDA-like law and movement for a CRA-like legal framework
for citizen empowerment. NCRC has also been a key resource
for the Canadian CRA-like law and has sent experts to Poland,
France, England, Ireland, Wales and Scotland and Sweden.
Other NCRC members have collaborated with groups in Mexico,
Brazil and have also met with groups in Japan, Germany,
Italy and the Netherlands.
In 2004, with support from the Ford Foundation NCRC formalized
its Global activities launching a global citizen movement
for fair, equitable and enforceable citizen rights relating
to private financial institutions and capital markets –
and the GFBI was conceived.
GFBI Mission:
The “Global Fair Banking Initiative” aims
to provide a forum for NCRC and its International Partners
to effectively collaborate on economic justice issues.
- The Mission is two-fold:To influence and augment global
fair lending, investment and service patterns of the private
financial sector.
- To build Principles of Fair Access to Capital and Financial
Services into all relevant nation specific and international
supervisory mandates for private financial firms.
NCRC is a non-governmental organization (NGO), a “not-for
profit” organization that is itself a coalition of
660 non-governmental, local and regional, faith-based and
secular development organizations from across the United
States. For more information on NCRC, go to http://www.ncrc.org.
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