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Press Releases
Washington, DC – Today, the United States Department of Housing and Urban Development (HUD) released for public comment a proposed regulation clarifying the duty of government funded entities to Affirmatively Furthering Fair Housing. This highly anticipated rule provides guidance to over 1200 local governments, all states, and more than 4000 Housing Authorities and community development agencies who receive federal funds on their fair housing responsibilities under Title VIII of the Civil Rights Act of 1968, commonly known as the Fair Housing Act. “NCRC is extremely pleased that HUD has issued this new regulation, which sets forth the process for state…
  Washington, DC – Today, the National Community Reinvestment Coalition applauded the confirmation of Thomas Perez as Secretary of the U.S. Department of Labor. NCRC President and CEO John Taylor made the following statement: “We are very pleased that Thomas Perez has been confirmed as Secretary of Labor. Tom Perez is an outstanding public servant and a champion for working people. He brings to the job a fantastic combination of civil rights experience, knowledge of labor issues and sensitivity to and understanding of the needs of low- and moderate-income families. He is and always has been a friend and ally…
Tuesday, July 16, 2013 04:57 PM

NCRC Applauds Confirmation of Richard Cordray

Washington, DC – Today, the National Community Reinvestment Coalition applauded the Senate confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). NCRC President and CEO John Taylor made the following statement: “Chalk one up for consumers. Big money didn’t want to see the Consumer Financial Protection Bureau created or a talented leader like Richard Cordray confirmed. Consumers have won on both counts. We are very, very pleased that the CFPB will continue to have Richard Cordray at the helm.” “From the CFPB’s enforcement action against Capital One for deceptive and abusive credit card practices, to the…
  Washington, DC – Today, the National Community Reinvestment Coalition called for the Senate to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). President Obama renominated Cordray to be CFPB Director in January of 2013. Senate Majority Leader Harry Reid filed for cloture on the motion to proceed on Cordray's nomination on July 12 of 2013. NCRC President and CEO John Taylor made the following statement: “On behalf of our member organizations across the nation, NCRC calls on the Senate to confirm Richard Cordray as Director of the Consumer Financial Protection Bureau. He has proven himself…
Thursday, June 27, 2013 09:00 AM

NCRC Calls for Senate Confirmation of Mel Watt

  Washington, DC – In anticipation of today's confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA). "We urge the Senate to promptly confirm Mel Watt as Director of the FHFA," said NCRC President and CEO John Taylor. "He is highly qualified, holds an exemplary record as a public servant, and has the knowledge and expertise to be a strong leader for the agency." "The Acting FHFA Director, Ed DeMarco, has seriously impeded recovery in the housing market by not allowing the Government Sponsored Enterprises to…
  Washington, DC – Today, in reaction to the National Mortgage Settlement Monitor’s latest quarterly update, NCRC President and CEO John Taylor made the following statement: “The latest Settlement Monitor’s update shows that many homeowners are receiving relief in the form of principal reduction, which is a very positive thing. It is good to see that the banks are stepping up in their adherence to their obligations under the settlement. At the same time, while substantial progress has been made, it’s clear that more needs to be done. More borrower relief is essential to prevent foreclosures and to help stabilize…
  Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home and small business lending in Washington, DC. The analysis of 2011 Home Mortgage Disclosure Act data on lending from six major banks and the lending market as a group shows racial and gender disparities in home lending. The analysis finds that all lenders in the Washington, DC market as a group made a disproportionately low percentage of home loans to African-Americans, low- and moderate-income (LMI) borrowers and female borrowers. “This analysis shows that lenders have some work to do to ensure that they are…
Washington, DC – Today, the National Community Reinvestment Coalition applauded the nomination of Representative Mel Watt to lead the Federal Housing Finance Agency (FHFA). NCRC President and CEO John Taylor made the following statement: “Mel Watt is an excellent choice to lead the FHFA. He is well qualified and sure to be a strong leader for the agency. We urge the Senate to swiftly move to confirm him." "With Mel Watt as FHFA Director, the President would finally have a leader in that agency who will be a member of the team and do what is best for American taxpayers…
Washington, DC – Tonight, at the National Community Reinvestment Coalition's (NCRC) 2013 Annual Conference, NCRC will present its National Achievement Awards, and honor leaders in expanding fair access to financial services. The awards ceremony will be hosted by Dr. Julianne Malveaux, and will feature remarks from John Trasviña, Assistant Secretary for Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. “The NCRC awards dinner is a wonderful opportunity to recognize some of the excellent work that is being accomplished in our field,” said NCRC President and CEO John Taylor. “This year’s winners are a truly…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Consumer Financial Protection Bureau’s (CFPB) announcement that it will regulate indirect auto lenders under the Equal Credit Opportunity Act (ECOA). Indirect auto lending is auto lending provided through dealerships from third party lenders. NCRC President and CEO John Taylor made the following statement: “We applaud the CFPB for this announcement. Auto lending is an area where consumers have long been exposed to and victim to rampant discrimination and disparate treatment. The CFPB’s regulation of auto lending is a highly welcome development. For far too long, this realm has…