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Press Releases
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…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the nomination of Federal Reserve Board Governor Janet Yellen to lead the Federal Reserve Board. NCRC President and CEO John Taylor made the following statement: "Janet Yellen is an excellent regulator who is responsive to the needs of consumers. She has been a champion for the Community Reinvestment Act, and understands the importance of the law and its benefit for our communities. With Janet Yellen as Chair, the Federal Reserve would have a leader who looks out for what is best for consumers and communities, rather than what is best…
Tuesday, October 08, 2013 09:43 AM

NCRC Releases Analysis of Bank Account Complaints

Washington, DC – Today, the National Community Reinvestment Coalition released an analysis of bank account complaints from the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database. This analysis reveals that predominantly minority communities were more likely to submit complaints about poor service related to bank accounts than predominantly white communities. For example, predominantly African-American zip codes account for 5.9 percent of households, but accounted for 9.1 percent of the complaints to the CFPB. Poor service could deter consumers from seeking banking relationships and/or could be indicative of a reluctance on the part of some banks to offer bank accounts to…
Washington, DC – Today, in reaction to the Minneapolis City Council’s passage of a local responsible banking ordinance, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “We applaud the passage of a local responsible banking ordinance in Minneapolis. We congratulate NCRC member organizations Jewish Community Action and Northside Community Reinvestment Coalition, NCRC board member and Minnesota Asset Building Coalition Coordinator Dave Snyder, and everyone who played a role in getting this ordinance passed. Local responsible banking ordinances empower local governments to hold banks accountable and help to ensure that banks are investing in our…
Washington, DC - Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities in lending. NCRC calculates that nationwide, African Americans experienced a denial rate of 40 percent for conventional home purchase lending in contrast to a denial rate of 15 percent for whites. African Americans were 2.7 times more likely to be denied a conventional home mortgage…
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Boston City Council's unanimous passage of a local responsible banking ordinance. "We are very pleased that the Boston City Council has passed a local responsible banking ordinance," said NCRC President and CEO John Taylor. "Local responsible banking ordinances empower local governments to hold banks accountable and help to ensure that they are investing in our communities in a responsible way. NCRC is proud to support the efforts of communities and our members across the county to get these ordinances passed at a local level." NCRC believes that Boston's bill…