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Press Releases
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…
Washington, DC – Today, in reaction to the Senate's confirmation of Janet Yellen as Chair of the Federal Reserve, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:“We applaud the confirmation of Janet Yellen as Chair of the Federal Reserve. Not only has she shown a strong commitment to a stable and free market, she has worked to ensure our system of capitalism is democratic and fair.  Under her leadership, working-class Americans climbing their way up the economic ladder will have greater access to credit and financial services. As she will be the first…
You are cordially invited to attend the National Community Reinvestment Coalition's timely forum on the future of the government sponsored enterprises and housing finance reform called "Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream." The event will consist of two panels focused on issues critical to a successful housing market that have, so far, received little attention in the reform debate: (1) How can we ensure that secondary market access serves the full scope of creditworthy borrowers?(2) Is dismantling Fannie and Freddie the right thing for consumers and the housing market…
Washington, DC – Today, in response to the release of the Federal Housing Administration (FHA)'s annual financial status report to Congress, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: "NCRC welcomes the positive news contained in FHA's actuarial review. The review underscores the strong performance of loans issued after 2009 as instrumental to the recovery of FHA. The significant drop in the Mutual Mortgage Insurance Fund's (MMIF) deficit from a projected $16.3 billion to $1.3 billion as well as the expectation that the MMIF will meet its required two percent capital reserve ratio ahead…
Washington, DC – Today, in reaction to the Senate's confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA), National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:"We applaud the confirmation of Mel Watt as Director of the FHFA. He is a well-qualified, pragmatic leader who will work to ensure that access to credit and the affordable housing goals are a priority at Fannie Mae and Freddie Mac. We will now have an FHFA Director who will do what is best for American taxpayers, homeowners, and most importantly, working-class Americans climbing their…