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Washington, DC - Today, in response to the release of President Trump’s proposed budget calling for massive spending cuts that would have a devastating effect on low- and moderate-income communities and communities of color, NCRC President and CEO John Taylor made the following statement.  "Across the board, President Trump's budget does not respond to the real needs of working families and communities, and threatens to tear the fabric of American life. The drastic cuts in funding, or elimination altogether, of programs mentioned in the budget will devastate rural and urban communities alike. Notably, many of the areas that voted overwhelmingly…
Buffalo, NY – Today, in an agreement reached with the Buffalo Niagara Community Reinvestment Coalition (BNCRC), a National Community Reinvestment Coalition (NCRC) community-based coalition in the Buffalo, NY metropolitan area, Northwest Bank announced a commitment of $101.97 million for community development, including lending and investments. The agreement will take place over a five-year period, and will be carried out entirely within the Buffalo/Niagara metropolitan statistical area. Northwest’s Community Development Plan includes mortgage and small business lending, community development lending and investing, philanthropy, and financial services for low- and moderate-income communities. A summary of the plan can be found here. “This…
Washington, DC - Today, in response to the U.S. Senate’s confirmation of Dr. Ben Carson as Secretary of the U.S. Department of Housing and Urban Development, NCRC’s President and CEO John Taylor made the following statement."We congratulate Dr. Carson on his confirmation as Secretary of the U.S. Department of Housing and Urban Development (HUD). We look forward to working with him to address the many housing challenges facing communities across the country.""There is much work to be done. It is critical that he build on the agency’s work to affirmatively further fair housing, prevent homelessness, increase homeownership opportunities through the Federal…
Washington, DC - Today, in response to the DC Circuit of the U.S. Court of Appeals’ decision to grant the Consumer Financial Protection Bureau’s (CFPB) petition to hear PHH Corporation vs. CFPB en banc, NCRC’s President and CEO John Taylor made the following statement. “We applaud the Court’s decision to allow the CFPB’s petition for a rehearing in the PHH case. Over the past five years of its existence, the CFPB and its director, Richard Cordray, have achieved tremendous successes in ensuring the safety and soundness and transparency in our financial system, enforcing fair lending and protecting consumers from unscrupulous financial…
Washington, DC - Today, in response to the U.S. Senate’s confirmation of Linda McMahon as Administrator of the U.S. Small Business Administration, NCRC’s President and CEO John Taylor made the following statement. “We congratulate Ms. McMahon on her confirmation as Administrator of the Small Business Association. Small businesses are the lifeblood of our economy and provide the jobs and services that hold communities together.   “Capital and credit services are vital to the success of small, women- and minority-owned businesses, but all too often they can be difficult to obtain. Ms. McMahon now has the responsibility to ensure all creditworthy small…
Washington, DC – Today, in response to the confirmation of Steve Mnuchin as Secretary of the U.S. Department of the Treasury, NCRC President and CEO John Taylor made the following statement: "As Treasury Secretary, Mr. Mnuchin will have the opportunity to shape economic policies to promote fair access to financial services for all Americans, including low- and moderate-income communities and communities of color.  "NCRC looks forward to meeting with Secretary Mnuchin to discuss how our system of finance can better serve those working their way up the economic ladder. Secretary Mnuchin can have a widespread impact on average Americans' ability…
Washington, DC – Today, in response to the U.S. Senate’s confirmation of Senator Jeff Sessions as Attorney General, NCRC’s President and CEO John Taylor made the following statement."We continue to have deep concerns about Senator Sessions' record on issues of fair housing, civil rights and hate crime prevention. Senator Sessions’ record on voting rights is also alarming. Voting rights are a fundamental cornerstone of a healthy democracy, and it is imperative that the Attorney General work to ensure that all citizens have the ability to participate in the democratic process. We need an Attorney General who will protect, follow, and…
Washington, DC - Today, in response to President Trump's issuance of executive orders on the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fiduciary rule, NCRC President and CEO John Taylor made the following statement:"With the executive orders today, this administration is serving Wall Street and their worst tendencies rather than Main Street families."The executive orders to unravel Dodd-Frank and rescind the fiduciary duty rule are an affront to families and communities across the country. The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in 2010 to put in place sensible safeguards and protections for average,…
Washington, DC - Today, in response to the implementation of a Trump Administration executive order sharply restricting travel and immigration from seven countries, the National Community Reinvestment Coalition’s (NCRC) President and CEO, John Taylor, made the following statement: “NCRC stands for an inclusive society, where no matter your nationality, creed or color, you have opportunities to prosper and become a part of our diverse and vibrant system. This executive order is directly contrary to those principles. We are deeply saddened by the impact this capricious and discriminatory action is already having on families throughout the country. This ill-advised executive order should be reversed in its entirety. If the Trump Administration…
Washington, DC - Today, in reaction to the Trump Administration's action to raise Federal Housing Administration (FHA) mortgage premiums, NCRC President and CEO John Taylor made the following statement: "This move makes mortgages more expensive for working class people. It will further dampen the housing market, where already there are many responsible creditworthy borrowers who are needlessly locked out from homeownership opportunity. Raising Federal Housing Administration (FHA) premiums throws up more barriers to economic mobility, and blocks working families from attaining the American dream."                                        …
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