Press Releases

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Industry Spends Taxpayer Money Trying to Avoid Accountability

By / / Press Releases / 3 minutes of reading
July 3, 2009
Washington, DC – The financial services industry is considering a series of ads attacking the Obama Administration’s proposed Consumer Financial Protection Agency, according to Dow Jones. The ads are distasteful and inappropriate, considering that the taxpayers have heavily subsidized the financial system as a result of the irresponsible and abusive lending products and practices of the financial industry.

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Efforts to Weaken Consumer Protection Agency Underway

By / / Press Releases / 3 minutes of reading
July 9, 2009     
Washington, DC – The bill introduced by Congress yesterday to createthe Consumer Financial Protection Agency leaves out critical consumerprotections originally proposed by President Obama. In particular, theproposal leaves the power to enforce the Community Reinvestment Actwith the existing bank regulatory agencies. The change comes as thefinancial industry spends millions of dollars attempting to weakenconsumer protections. 

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New Release!

By / / Press Releases / 1 minute of reading
The National Council of Negro Women, in partnership with the National Community Reinvestment Coalition, released a report "Assessing the Double Burden:  Examining Racial and Gender Disparities in Mortgage Lending," which is the third report in the NCRC "Income Is No Shield" series.  Among its principal findings are that minorities are much more likely to receive high-cost home mortgage loans than their white counterparts, and that, in many instances, disparities by race widen as income levels for minorities increase.

 
Click here to read the press release.
pdfClick here to read the report.

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New Report Details Experience of Minority Women in the Subprime Lending Market & Disparate Treatment

By / / Press Releases / 4 minutes of reading

  FOR IMMEDIATE RELEASE                                                                                     Contact:  Jesse Van Tol (202) 464-2709 June 4, 2009                                                                                                                               jvantol@ncrc.org   On Anniversary of Passage of Voting Rights for Women, New Report Details Experience of Minority Women in the Subprime Lending Market and

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John Taylor, NCRC President and CEO, Meets with President Obama at the White House

By / / Press Releases / 1 minute of reading

On May 22, 2009, John Taylor attended the bill signing of the Credit Card Accountability, Responsibility, and Disclosure Act at the White House.  Following the signing, Taylor encouraged the President to support CRA modernization.  Historically supportive of CRA, President Obama said that he looks forward to a more detailed conversation with NCRC in the future,

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Secretaries Geithner & Donovan at NCRC to Announce Changes to Making Home Affordable Program

By / / Press Releases / 1 minute of reading

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John Taylor, NCRC president & CEO, Appointed to OTS Minority Depository Institutions Council

By / / Press Releases / 1 minute of reading

Read the Office of Thrift Supervision’s press release: Co-Chairman and Three New Members Appointed for OTS Minority Depository Institutions Advisory Committee online pharmacy purchase periactin no prescription with best prices today in the USA

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Mortgage Reform Critical to Restoring Trust and Integrity to the Financial System

By / / Press Releases / 2 minutes of reading

FOR IMMEDIATE RELEASE                                                                       Contact: Jesse Van Tol (202) 464-2709 online pharmacy purchase cialis-super-active online generic April 23, 2009                                                                                                       jvantol@ncrc.org Mortgage Reform Critical to Restoring Trust and Integrity to the Financial System Washington, DC –Today the National Community Reinvestment Coalition (NCRC) will testify before the House Financial Services Committee on H.R. 1728, the

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John Taylor, NCRC president and CEO, testifies before the House Committee on Financial Services

By / / Press Releases / 1 minute of reading

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