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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…
Wilmington, DE – On Tuesday, June 16, the National Community Reinvestment Coalition (NCRC) and other community groups hosted a statewide summit in Wilmington on community reinvestment in Delaware. Community-based organizations, financial institutions, and public officials from across the state gathered at the Delaware Reinvestment Summit to address some of Delaware's biggest economic challenges. The Delaware Reinvestment Summit included workshops on economic revitalization, the Community Reinvestment Act, workforce development, violence prevention, financial opportunity for Delaware’s Latino community, economic security for older adults, and affordable housing. The Summit also featured keynote addresses by Governor Jack Markell and State Attorney General Matthew Denn. “Healthy communities are highly…
Washington, DC – Today, in reaction to the U.S. Senate Banking Committee’s vote on Senator Richard Shelby's bill "The Financial Regulatory Improvement Act of 2015," NCRC President and CEO John Taylor made the following statement: “Chairman Shelby's discussion draft undermines some key provisions enacted as part of the Dodd-Frank law that ensure the safety and soundness of the nation's banking system and to extend consumer protections. It also includes a number of stealth provisions on the Government Sponsored Enterprises that limit the paths forward for the housing finance system. As an alternative, Ranking Member Brown has put forth a more measured…
Washington, DC – Today, in reaction to Senator Richard Shelby's release of a discussion draft of "The Financial Regulatory Improvement Act of 2015," NCRC President and CEO John Taylor made the following statement:"This bill is far from regulatory improvement – it in fact represents regulatory regression. It would strip away key consumer safeguards and sensible protections put in place to prevent another financial crisis.""Recently the nation faced one of the greatest economic crises in its history, with costly consequences for communities across the country. The impact of that crisis is still felt in many neighborhoods today. Dodd-Frank was put in…
Washington, DC –Today, in response to the Federal Housing Administration’s (FHA) announcement about its changes to the Distressed Asset Stabilization Program (DASP), the National Community Reinvestment Coalition’s (NCRC) Chief of Community Development Ed Gorman made the following statement: “We applaud the FHA for taking these significant steps to improve homeownership opportunities in neighborhoods hard hit by the foreclosure crisis. NCRC and its member organizations have advocated to the FHA for improving the number and quality of Neighborhood Stabilization Outcome (NSO) targeted loan pools. We’re pleased that the FHA listened to these concerns and adopted several of our key recommendations. While…
Washington, DC –Today, in reaction to the U.S. Senate's confirmation of Loretta Lynch as U.S. Attorney General, the National Community Reinvestment Coalition's (NCRC) Chief of Membership and Policy Jesse Van Tol made the following statement: “We congratulate Loretta Lynch on her confirmation as U.S. Attorney General. As her stellar record demonstrates, Ms. Lynch will be a tough defender of the issues important to our communities, including protecting voting rights from further erosion and ensuring fair access to sound financial services.” Last week, NCRC and other community groups sent a letter to Senate Majority Leader Mitch McConnell calling on him to…
Washington, DC – Today, in reaction to the Federal Housing Finance Agency’s (FHFA) announcement of small adjustments to the fees it charges lenders on loans guaranteed by the Government-Sponsored Enterprises (GSEs), the National Community Reinvestment Coalition’s (NCRC) Chief of Membership and Policy Jesse Van Tol made the following statement: “The FHFA has taken some modest steps in the right direction, but they do not go nearly far enough. We are disappointed that FHFA did not take this opportunity to substantially reduce guarantee fees. A significant reduction in guarantee fees would stimulate the housing market and help to increase access to…
Washington, DC – Today, community groups led by the National Community Reinvestment Coalition (NCRC) called upon Senate Majority Leader Mitch McConnell hold a full Senate vote on the confirmation of Loretta Lynch for U.S. Attorney General. Ms. Lynch’s wait for confirmation, presently over five months, is at historic levels, and a majority of the Senate now supports her confirmation. “Having strong leaders as regulators, and as Attorney General, is imperative for our collective well-being as a nation,” said NCRC President and CEO John Taylor. “It's eminently clear that Loretta Lynch is such a leader. She is fully qualified and would…
Washington, DC – On March 25, at the National Community Reinvestment Coalition's (NCRC) 2015 Annual Conference, NCRC presented its National Achievement Awards and honored leaders in expanding fair access to financial services. The awards ceremony featured remarks from Gustavo F. Velasquez, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development, and John Taylor, NCRC’s President and CEO. The Master of Ceremonies was Robert Dickerson, Jr., Chair of NCRC’s Board of Directors and Executive Director of the Birmingham Business Resource Center. “The annual NCRC awards dinner is a wonderful opportunity to recognize leaders…
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