Press Releases
Washington, DC -- The National Community Reinvestment Coalition (NCRC), the nation's preeminent advocacy group for fair lending and housing, commends President Obama's call to resuscitate the housing market expected in his annual State of the Union speech. John Taylor, NCRC President and CEO, said: "The weakness of the market since the 2008 crash continues to weigh down the economy. President Obama is right to make this a central concern of his administration, for without a healthy housing market there can be no full economic recovery. "The White House has told reporters, for instance, that the President plans to address a…
 Organizations Funded to Empower, Organize and Support Older Adults Washington, DC --  The National Community Reinvestment Coalition (NCRC) today announced five new awardees in a multi-year campaign to empower, organize and support economically vulnerable older adults. The announcement expands NCRC's commitment to the financial well being of older Americans, following the launch in 2011 of National Neighbors Silver, a national campaign to safeguard the financial security of today's seniors and future retirees. "Today's older adults are working longer and living on less. For some, retirement is but a distant dream, while others face the challenge of stretching their savings or…
Obama Appoints Protector of the Taxpayer Interest Washington, DC -- President Obama will today use his constitutional authority to recess appoint former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its Henry B. Gonzalez Award for outstanding public service, noting that he was a "shining example for state officials everywhere because of the many ways in which he honors his mandate to protect Ohio residents." Today, NCRC President & CEO John Taylor made the following statement: "Richard Cordray has a strong record of protecting consumers and…
Senate Blocks Qualified Nominee Washington, DC -- The National Community Reinvestment Coalition (NCRC) today issued the following statement after the Senate failed to secure cloture on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau. NCRC President & CEO John Taylor: "Shame on those Senators who have blocked Richard Cordray's nomination. The financial crisis nearly brought this country to its knees, and at its epicenter were reckless and abusive lending practices by lenders. It is appalling to me that elected officials – even those who depend on Wall Street to get elected – can take this position,…
Washington, DC -- The National Community Reinvestment Coalition today urged the Senate to confirm former Ohio Attorney General Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). In 2010, the National Community Reinvestment Coalition (NCRC) gave Cordray its prestigious Henry B. Gonzalez Award for outstanding public service, noting that he was a "shining example for state officials everywhere because of the many ways in which he honors his mandate to protect Ohio residents." "Richard Cordray has a distinguished record of public service, and he is a strong and prudent choice to lead the Consumer Financial Protection Bureau. A…
Tuesday, November 15, 2011 04:09 PM

In Solidarity Against Economic Inequality

Washington, DC – Following hundreds of arrests of people with the Occupy Wall Street movement this morning, the National Community Reinvestment Coalition today issued this statement: "Today, hundreds of people were arrested as they protested the sins of Wall Street and supported economic equality. This is more people than have or likely ever will be arrested for crimes during the financial crisis, though it caused millions of lost jobs and homes. This is a perversion of liberty and justice. But the New York City government cannot arrest the spirit of liberty, nor justice. They cannot take away the vision of…
Over a dozen consumer and civil rights groups ask OCC for extension of comment period and public hearings Washington, DC -- The National Community Reinvestment Coalition (NCRC) today announced its opposition to the Capital One acquisition of HSBC's U.S. credit card business. Over a dozen national consumer and civil rights groups wrote to the Office of the Comptroller of the Currency (OCC) expressing concern and asking for an extension of the comment period as well as public hearings. "As people across the country protest the damage Wall Street has caused our economy, the next too-big-to-fail and the most-likely-to-fail bank is…
The Foreclosure Crisis and Its Impact on Communities of Color: Research and Solutions Washington, DC -- As the foreclosure crisis continues unabated, destroying wealth for American families and undermining the stability and vibrancy of communities, NCRC’s recent whitepaper serves as an in-depth investigation of the success and weaknesses of the major federal and private foreclosure prevention efforts. The paper also examines proposed solutions to rebuild the homeownership markets. The paper has a particular focus on the impacts of the foreclosure crisis on people and communities of color. The report addresses three critical aspects of the foreclosure crisis: First, the foreclosure…
Capital One Denied Homeowner Access to Help for Unemployed Homeowners and HAMP Washington, DC -- The National Community Reinvestment Coalition (NCRC) today announced that is has filed a complaint with the District of Columbia Government Office of Human Rights and the U.S. Department of Housing and Urban Development (HUD), alleging that Capital One has violated local and federal fair housing laws by denying an unemployed homeowner access to a program for unemployed homeowners, as well as a federal mortgage modification program. “Where there is smoke, there is often fire. Our complaint must be fully investigated to determine if Capital One has…
Tuesday, September 13, 2011 08:08 AM

NCRC Announces 2nd RFP for National Neighbors Silver

 Selected Grantees to Address Economic Security of Older Adults Through Organizing and Education Washington, DC -- The National Community Reinvestment Coalition (NCRC), with support from The Atlantic Philanthropies, is pleased to announce its second round of funding for National Neighbors Silver, an initiative to support and empower older adults nationwide. As the United States suffers from historically high rates of foreclosure and unemployment, older adults across the nation are particularly susceptible to financial insecurity and instability. NCRC’s recent report about the financial stability of older Americans noted that over 13 million older Americans are economically insecure, living on only $22,000…