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Press Releases
Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “H.R. 5983 represents a serious threat to the soundness of our financial system. It would dangerously undermine the Consumer Financial Protection Bureau…
Tuesday, September 13, 2016 02:00 PM

NCRC Statement on H.R. 5983 Committee Vote

Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. Washington, DC – Today, in response to the vote on the Financial CHOICE Act, H.R. 5983, by the House of Representatives Financial Services Committee, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement. “H.R. 5983 represents a serious threat to the soundness of our financial system. It would dangerously undermine the Consumer Financial Protection Bureau…
New Orleans, LA – On Wednesday, September 14 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in New Orleans on community reinvestment and neighborhood revitalization in Louisiana. The Louisiana Reinvestment Summit will feature keynote addresses by New Orleans Councilmember Jared C. Brossett and New Orleans Councilmember-at-Large Jason Rogers Williams. The Summit will include workshops on community wealth building, environmental impacts on housing, healthy communities, overcoming barriers to banking services, capital and credit for minority businesses, foreclosure prevention, workforce development, the Community Reinvestment Act, and community development partnerships. What: NCRC Louisiana Reinvestment SummitWhen: Wednesday, September 14, 2016, 12:00…
Thursday, September 08, 2016 01:15 PM

NCRC Mourns the Loss of Ferguson Activist Darren Seals

Washington, DC – Today, in response to the tragic death of Darren Seals, a young activist who was one of the most outspoken voices of the Ferguson, Missouri protests, the National Community Reinvestment Coalition (NCRC) made the following statement: "We grieve not only for the devastating loss of Darren Seals as an individual, but also for the loss of a unique voice of the Civil Rights movement,” said NCRC President and CEO John Taylor. “Far too many of these young voices are being silenced, and we refuse to stand idly by while these acts of violence persist.” “Darren Seals devoted…
Washington, DC – Today, in reaction to the new report from the Corporation for Enterprise Development (CFED) and the Institute for Policy Studies (IPS), “The Ever-Growing Gap: Without Change, African-American and Latino Families Won’t Match White Wealth for Centuries,” the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: "The findings in 'The Ever-Growing Gap' report highlight the need for policies that promote economic fairness, and increase homeownership opportunities for communities of color. We need to ensure that the Community Reinvestment Act is expanded, modernized and better enforced, to increase investments and opportunities for wealth building…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) is pleased to announce that Jesse Van Tol has become its new Chief Operating Officer (COO). As COO, Mr. Van Tol will direct and supervise NCRC’s overall business operations. “We are thrilled that Jesse Van Tol has agreed to become COO,” said NCRC President and CEO John Taylor. “He is a passionate leader, with a strong record of producing results at NCRC. Jesse has a wealth of knowledge and experience with the organization, which I am confident will serve him well. His demonstrated commitment to low- and moderate-income communities and…
Washington, DC - Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home purchase lending in St. Louis, Milwaukee, Minneapolis, and the surrounding areas. The analysis reveals racial and income disparities in mortgage lending in all three cities. 'This report clearly shows the lack of mortgage lending in low- and moderate-income neighborhoods and predominantly minority neighborhoods,' said NCRC's President and CEO John Taylor. 'Without access to responsible mortgage credit and the opportunity to become a homeowner, the ability for working people to build wealth is severely curtailed. ' 'Until our financial institutions make a full and genuine commitment that…
Friday, July 15, 2016 05:05 PM

NCRC Statement on Final Revisions to CRA Q&A

Washington, DC - Today, in reaction to the bank regulatory agencies' release of final revisions to "Interagency Questions and Answers Regarding Community Reinvestment," NCRC President and CEO John Taylor made the following statement: "We are profoundly disappointed that the agencies have not undertaken desperately needed reforms that would update the Community Reinvestment Act (CRA) to take into account significant changes to the banking industry since the last reforms over two decades ago. In 2010, the agencies held multiple public hearings on "modernization of the regulations that implement the CRA." For the hundreds of organizations and community members testifying, the clear expectation was that the agencies would update the regulation. That…
Washington, DC - Today, the National Community Reinvestment Coalition's Director of Policy and Government Affairs Gerron Levi testified before the U.S. House of Representatives Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit regarding financial technology (FinTech) and marketplace lending. In the testimony, NCRC detailed the opportunities and challenges of FinTech and discussed the need for Congress and regulators to act to ensure that predatory practices are prevented. "The rapid growth of non-bank lending – so-called marketplace lending – to small businesses raises serious concerns that Congress should address," said Gerron Levi, NCRC's Director of Policy and Government Affairs. "We…
Washington, DC - Today, following a U.S. Department of Housing and Urban Development (HUD) National Homeownership Month “Dare to Own the Dream” event, the National Community Reinvestment Coalition (NCRC) and local community groups called on the Obama Administration to protect and strengthen the affordable housing goals at Fannie Mae and Freddie Mac. NCRC President and CEO John Taylor made the following statement: “It is commendable that the Obama Administration is voicing support for access to credit and homeownership opportunities, and their support for housing counseling and fair housing is outstanding. However, their plan to eliminate Fannie Mae and Freddie Mac is…
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