Press Releases
Washington, DC - Today, in reaction to the release of a draft housing finance reform bill by Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement:"While we are encouraged that the Johnson-Crapo draft incorporates elements of a proposal put forth by NCRC, and addresses some of the shortcomings in Corker-Warner, the details of the draft text still raise serious concerns. It is critical that housing finance reform ensures access for all creditworthy borrowers, regardless of their income level, geographical location, or race. In…
Washington, DC – Today, at the National Community Reinvestment Coalition's (NCRC) 2014 Annual Conference, NCRC will present its National Achievement Awards. The Awards Dinner will feature addresses from lifetime achievement award recipient Rev. Dr. William Barber II, and NCRC President and CEO John Taylor. Robert Dickerson, Jr., Chair of NCRC’s Board of Directors, will serve as master of ceremonies. “We are very pleased to present the 2014 NCRC National Achievement Awards, and recognize the award recipients for their truly exceptional achievements in the field of economic justice.” said John Taylor, President and CEO of NCRC. The recipients of the 2014…
Washington, DC – Today, in reaction to the Senate's confirmation of Sarah Bloom Raskin as Deputy Secretary of the U.S. Department of the Treasury, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: "We applaud the confirmation of Sarah Bloom Raskin as Deputy Secretary of the Treasury Department. During her tenure as a Federal Reserve Board Governor, and before as Commissioner of Financial Regulation in Maryland, she has served as an outstanding voice for all consumers. We know she will bring this same commitment to her new position at the Treasury Department and ensure…
Washington, DC - Today, in reaction to an agreement on housing finance reform released by Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo, NCRC President and CEO John Taylor made the following statement: “We are encouraged that the principles for housing finance reform agreed upon by Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo include facilitating “broad availability of mortgage credit for all eligible borrowers.” The inclusion of a market-based incentive to serve underserved areas in their agreement is promising, and mirrors a proposal put forth by NCRC, but the details will be critical.…
Washington, DC - From March 12 - 15, the National Community Reinvestment Coalition (NCRC) will hold its annual conference, and bring together hundreds of community organizations from across the nation. This year’s conference theme is “A Just Economy: Ideas, Action, Impact.” Featured speakers at this year’s conference include: Senator Elizabeth Warren; Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development; Steven Antonakes, Deputy Director of the Consumer Financial Protection Bureau; Thomas Curry, Comptroller of the Currency; Senator Tom Harkin; Rev. Dr. William Barber II, President of the North Carolina NAACP; and Martin Gruenberg, FDIC Chairman and more. The conference…
Washington, D.C. - Today, Josh Silver, Vice President of Research and Policy at the National Community Reinvestment Coalition, testified before the District of Columbia City Council’s Committee on Business, Consumer, and Regulatory Affairs in support of the Community Development Amendment Act of 2013. The Act would 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. The community development plans would be a factor the city would use in awarding business to banks.“NCRC believes that the Community Development Amendment Act is an…
Thursday, February 27, 2014 10:42 PM

NCRC Statement on HR 3193 Vote

Washington, D.C. – Today, in reaction to the House of Representatives passage of HR 3193, the National Community Reinvestment Coalition's President and CEO John Taylor made the following statement: “It is indefensible that some members of Congress are so committed to protecting banks that they would vote to badly damage the Consumer Financial Protection Bureau (CFPB), an institution that looks out for the interests of consumers and taxpayers. Had the CFPB existed a decade ago, irresponsible lending would have been stopped in its tracks, and the housing crisis and the Great Recession would have been avoided. Today's vote is a…
Washington, DC – Today, in response to President Obama’s State of the Union address, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:“We applaud President Obama for focusing on income inequality and the importance of upward mobility in his State of the Union address. We are pleased that this will be an area of emphasis and action for this Administration in 2014. A trend in this country has emerged which is in essence a war on poor and working people. We need the President and his Administration to combat this trend, and to work to…
Washington, DC - The National Community Reinvestment Coalition (NCRC) is pleased to announce it has been awarded a generous grant from the Surdna Foundation to develop an education and advocacy campaign publicizing the best approaches for gathering and sharing enhanced data on small business lending. Enhanced data collection, in particular of data on the race and gender of loan applicants, is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to increase access to small business loans for traditionally underserved communities. “We thank the Surdna Foundation for their generosity and help in working to achieve our…
Tuesday, January 28, 2014 09:10 AM

NCRC to Host GSE and Housing Finance Reform Forum

Washington, DC—As the fate of Fannie Mae and Freddie Mac continues to sit in limbo, it remains unclear what the future holds for our system of housing finance. Despite the fact that Fannie Mae and Freddie Mac have played a valuable role in helping to grow the middle class in America, the reform debate has largely centered around their elimination, without fully considering the consequences for working Americans and the housing market. And troublingly, none of the current reform legislation makes any tangible commitment to ensuring access to conventional lending for the full range of creditworthy borrowers, including millennials, working-class people, rural…
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