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Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded a letter sent by 84 Members of the U.S. House of Representatives, led by Representatives Donald Payne, Jr. (D-NJ) and Chris Van Hollen (D-MD), to the Consumer Financial Protection Bureau (CFPB) urging the agency to initiate rulemaking on the collection and release of small business loan data. Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires the CFPB to improve the quality and availability of small business lending data, in particular the race and gender of the owner of the small business, the…
Washington, DC – Today, in response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The affordable housing goal rule announced by FHFA today falls short of what will be needed to ensure that all creditworthy Americans have access to mortgages. At a time when many working Americans face unnecessary barriers to becoming homeowners, this is a lost opportunity.” “Fannie Mae and Freddie Mac have enormous potential to lead the market on…
Monday, August 17, 2015 11:54 AM

NCRC Mourns the Passing of Julian Bond

Washington, DC –  Today, in reaction to the passing of civil rights leader Julian Bond, NCRC President and CEO John Taylor made the following statement:“We have lost one of the great leaders of the civil rights movement and a great man. Julian Bond was an ever-present voice of fairness and reason. He will be sorely missed.” “From his role in the passage of the Voting Rights Act, to his work on South Africa, to his recent efforts to promote DC statehood and protect voting rights, he never gave up and he never backed down. He was resolute in the pursuit…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) reacted in disappointment to the ruling by U.S. District Judge Katherine Polk Failla overturning New York City’s Responsible Banking Act in The New York Bankers Association v. The City of New York. The Responsible Banking Act is one of several responsible banking ordinances that U.S. cities have recently passed, which require banks bidding on municipal deposits and investments to submit community development plans describing the loans, investments, and bank services they would provide to minority and modest-income neighborhoods. "We are very disappointed in this decision," said NCRC Chief of Membership…
Washington, DC -- Today, in reaction to the incorporation of Senator Richard Shelby’s financial deregulation bill and language submitting the CFPB to annual appropriations into appropriations legislation, NCRC President and CEO John Taylor made the following statement:“It is deeply disturbing that on the week of the fifth anniversary of the Dodd-Frank Act, some members of the Senate are moving to strip away important parts of the law. The Shelby provisions inserted into the appropriations bill roll back key elements of Dodd-Frank that ensure the safety and soundness of the nation's banking system and provide consumer protections. They would undermine key…
Washington, DC – Today, in response to the Office of the Comptroller of the Currency’s (OCC) conditional approval of the merger between OneWest Bank and CIT Bank, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “It is a positive sign that the regulator held public hearings on this merger and is now imposing conditions on the approval, in particular on Community Reinvestment Act (CRA) responsibilities. These conditions, which are the most extensive we’ve seen, point to positive signs that regulators are carefully appraising merger evaluations. They have clearly taken seriously the concerns of…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded 19 U.S. Senators and 13 Members of the House of Representatives Financial Services Committee for sending letters to the Consumer Financial Protection Bureau (CFPB) urging the agency to initiate rulemaking on the collection and release of small business loan data. Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires both agencies to improve the quality and availability of small business lending data, in particular the race and gender of the owner of the small business, the revenue of the small business, and the…
Washington, DC – Today, in reaction to the U.S. Department of Housing and Urban Development's release of the final Affirmatively Furthering Fair Housing rule, NCRC President and CEO John Taylor made the following statement: "We are very pleased that HUD has issued a final Affirmatively Furthering Fair Housing rule. This rule is a huge step forward for fair housing and desegregation in this country. We applaud HUD and the Obama Administration for taking these proactive steps to provide state and local governments with tools and data to create integrated communities and meet their fair housing obligations. We believe that the rule will…
Washington, DC – Today, 19 national consumer and civil rights groups led by the National Community Reinvestment Coalition (NCRC) sent letters to members of the U.S. Senate asking them to sign on to Senator Cory Booker’s letter urging the Consumer Financial Protection Bureau (CFPB) to issue rulemaking on small business loan data. Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires the CFPB to improve the quality and availability of small business lending data, in particular the race and gender of the owner of the small business, the revenue of the small business, and…
Washington, DC - Today, in response to the U.S. Supreme Court’s decision in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project upholding the use of disparate impact analysis in the enforcement of the Fair Housing Act, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement:“For many years, the application of disparate impact doctrine has helped to expose housing practices that may appear neutral on their face but have discriminatory effects on protected classes. Housing discrimination today often isn’t as blatant as it was in the past, so this is a…
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