donate_join_now Donate Now Join Now

Upcoming Events

No Upcoming Events

Connect with NCRC

Press Releases
Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement:“The Consumer Financial Protection Bureau, in creating a legal safe harbor for certain qualified mortgages, has given the industry a protection that does nothing to help consumers. It is an unneeded and undeserved privilege for the lending industry, which caused grave financial harm to millions of Americans during the financial crisis.”“What the safe harbor does is abridge consumers’ legal…
Washington, DC -- Today, in reaction to the announcement of an $8.5 billion settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and ten banks, NCRC President and CEO John Taylor made the following statement: “While compensation for homeowners who have been harmed is a good thing, it is unfortunate that the OCC has abandoned the Independent Foreclosure Review process for these banks. Although the Independent Foreclosure Review process has been deeply problematic, fixing it would have been a preferable strategy to ensure that banks are held accountable for each of their misdeeds. Regulators…
  Washington, DC -- On December 19, the National Community Reinvestment Coalition’s Washington, DC MBDA Business Center, will present its 8th Annual MBDA Business Center Awards.  The awards will acknowledge those that have significantly furthered the center’s efforts to increase access to contracting opportunities and financing for minority business enterprises in 2012. The awards reception will be held from 6:00 PM – 8:30 PM on December 19 at the SunTrust Building, on 1445 New York Avenue, NW 9th floor, Washington, DC. Members of the public who wish to attend can find details on registration here. This event is open to…
  Washington, DC– Today, NCRC President and CEO John Taylor made the following statement on FHA’s 2012 Annual Financial Status report: "After 78 years of the Federal Housing Administration (FHA) doing things right and performing well from a fiscal perspective, the recent news about its financial health must be seen in perspective. Without FHA, and the Government Sponsored Enterprises (GSEs), there is no mortgage market today.” “No entity, be they private sector or government, has come out of this economic crisis totally unscathed. Congress should recognize that FHA was not insulated from the crisis, and in that it in fact…
Wednesday, October 24, 2012 02:12 PM

NCRC Statement on CFPB Oversight of Debt Collectors

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) newly published rule allowing the agency to regulate the debt collection industry, NCRC President and CEO John Taylor made the following statement: “The CFPB should be commended for taking steps to reign in the debt collection industry and protect consumers from unsavory and unfair practices. By moving to clean up this industry, the new cop on the regulatory beat has again shown that they are serious about ensuring that consumers have the protections they need in the financial marketplace." “The CFPB should take the following additional measures…
  Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced that the NCRC Community Development Fund has received certification from the Community Development Financial Institutions Fund as a Community Development Financial Institution (CDFI). “We are very excited to receive CDFI certification,” said NCRC President and CEO John Taylor. “This certification will allow NCRC to further build out our financial and technical assistance services for small businesses and minority- and women-owned small businesses.” The National Community Reinvestment Coalition operates three U.S. Department of Commerce-sponsored Minority Business Centers (in Washington, DC, New York, NY, and Houston, TX), a Women’s Business…
  Washington, DC -- Today, the National Community Reinvestment Coalition (NCRC) applauded the passage of a local responsible banking ordinance in San Diego, California. “Local governments across the nation are continuing to pass measures to induce banks to invest in our communities in a responsible way,” said NCRC President and CEO John Taylor. “This is a burgeoning movement at the local level that is empowering our communities, and we expect it will expand and continue. NCRC is proud to play a role in this effort.” “We congratulate San Diego Council President Anthony Young, and NCRC members the California Reinvestment Coalition…
  Washington, DC -- Today, the National Community Reinvestment Coalition (NCRC) said that new data released by the Federal Financial Institutions Examination Council showed continued constriction of credit, particularly for low- and moderate income communities and communities of color, and significant disparities in lending by race. The volume of home lending was 7.1 million loans in 2011, the lowest since 1995, according to the Federal Reserve Board. Lower income borrowers, borrowers purchasing homes in lower income tracts, and borrowers purchasing homes in predominantly minority tracts experienced large drops in home purchase lending. Credit scores for borrowers are the highest in…
  Washington, DC – On September 13, dozens of members of the National Community Reinvestment Coalition (NCRC) came to Washington DC for the White House American Economic Competitiveness Forum on Housing. At this forum, over a hundred community advocates came together with administration officials at the White House to discuss solutions to America’s housing crisis.  “This was an encouraging discussion on the necessary steps to address America’s continuing housing crisis. Until we fix the broken housing market, we will not be able to fix our economy,” said NCRC President and CEO John Taylor. “We commend the White House for convening…
  Washington, DC -- Today, hundreds of community organizations sent a letter to President Obama calling on him to make a recess appointment to the Federal Housing Finance Agency (FHFA). FHFA is currently led by an Acting Director, Ed DeMarco, who has refused to allow Fannie Mae and Freddie Mac, which hold the majority of the mortgages in the country, to participate in a key administration principal reduction program. "The administration saying that their hands are tied on FHFA, when the President has the ability to name an FHFA Director through a recess appointment, is akin to telling someone "my…