donate_join_now Donate Now Join Now

Upcoming Events

No Upcoming Events

Office Space for Lease

The Center for Economic Justice has office space for rent in downtown Washington, DC.

Press Releases
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…
Washington, DC - Today, the National Community Reinvestment Coalition (NCRC) released a report entitled “Access to Capital and Credit in Appalachia and the Impact of the Financial Crisis and Recession on Commercial Lending and Finance in the Region.” The report, which was commissioned by the Appalachian Regional Commission, and authored by NCRC and Woodstock Institute, details trends in the availability of capital and credit to small businesses in the Appalachian Region. The Appalachian region, as defined by the Appalachian Regional Commission, is a “205,000-square-mile region that follows the spine of the Appalachian Mountains from southern New York to northern Mississippi.…
Wednesday, November 20, 2013 12:28 PM

Community Reinvestment Act Q&A Document Falls Short

Washington, DC - Today, in reaction to the newly released final revisions to the Interagency Question and Answer (Q&A) document regarding the Community Reinvestment Act (CRA), the National Community Reinvestment Coalition’s (NCRC) President and CEO, John Taylor, made the following statement: “It is very disappointing that the Q&A does not address a critical issue: the definition of a CRA assessment area. An assessment area is currently a geographical area containing bank branches. But modern banking is conducted through a variety of conduits, beyond traditional brick and mortar branches. Regulators should have presented processes for the consideration and evaluation of performance through all of these…
Wednesday, November 13, 2013 06:36 PM

NCRC Launches National Media Campaign for Fair Housing

Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) launched a national media campaign to raise awareness of housing discrimination and the public’s rights under the Fair Housing Act. The campaign, entitled “The More You Know,” features print advertisements and a video public service announcement in English and Spanish, as well as a social media campaign utilizing the hashtag #FairHousing. Because housing discrimination today is much more subtle than years past, the campaign, while focusing on the seven federally protected classes under the Fair Housing Act, highlights the ways in which individuals may encounter discrimination today.  The purpose of…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an updated 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 fairly…
Thursday, October 31, 2013 03:06 PM

NCRC Statement on Mel Watt Nomination Cloture Vote

Washington, DC – Today, in reaction to the filibuster of the nomination of Representative Mel Watt to head the Federal Housing Finance Agency (FHFA), NCRC President and CEO John Taylor made the following statement:"This is another demonstration of the continued dysfunction of Congress. It is truly troubling that the nomination of Representative Watt, who is an excellent, qualified nominee, is being blocked for no other reason than political gridlock in Congress. The Federal Housing Finance Agency is a critically important agency with massive influence on the housing market and the economy, and this obstructionism is preventing the agency from having…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released a new report entitled “A New Dawn: Age-Friendly Banking.” The paper provides an overview of the current economic vulnerability of older adults and proposes a core set of age-friendly banking principles. “In what is becoming an increasingly challenging economic environment for older adults, it is critical that we work to find ways to preserve their wealth and economic security,” said NCRC President and CEO John Taylor. “NCRC is committed to ensuring that older adults have access to what we call “age-friendly banking.” This report lays out key principles for…