The Consumer Financial Protection Bureau (CFPB) recently issued a series of amendments to the Ability-to-Repay rule, which is set to go into effect January 10, 2014. The rule, originally issued in January of this year, holds lenders legally responsible for acting in good faith and making a reasonable determination, before closing, that a homebuyer has […]
Washington, DC – In anticipation of today’s confirmation hearing, the National Community Reinvestment Coalition called for the confirmation of Mel Watt as Director of the Federal Housing Finance Agency (FHFA). “We urge the Senate to promptly confirm Mel Watt as Director of the FHFA,” said NCRC President and CEO John Taylor. “He is highly
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Washington, DC – Today, in reaction to the National Mortgage Settlement Monitor’s latest quarterly update, NCRC President and CEO John Taylor made the following statement: “The latest Settlement Monitor’s update shows that many homeowners are receiving relief in the form of principal reduction, which is a very positive thing. It is good to see
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released an 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
NCRC Analysis Shows Disparities in Lending in Washington, DC Read More »
May 15, 2013 Today, the National Community Reinvestment Coalition (NCRC) released an 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 found
?NCRC Lending Analysis: Report for Washington, DC Read More »
Washington, DC – Today, the National Community Reinvestment Coalition applauded the nomination of Representative Mel Watt to lead the Federal Housing Finance Agency (FHFA). NCRC President and CEO John Taylor made the following statement: “Mel Watt is an excellent choice to lead the FHFA. He is well qualified and sure to be a strong leader
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Washington, DC – Tonight, at the National Community Reinvestment Coalition’s (NCRC) 2013 Annual Conference, NCRC will present its National Achievement Awards, and honor leaders in expanding fair access to financial services. The awards ceremony will be hosted by Dr. Julianne Malveaux, and will feature remarks from John Trasviña, Assistant Secretary for Fair Housing and Equal
NCRC Honors 2013 National Achievement Award Winners at Annual Conference Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the Consumer Financial Protection Bureau’s (CFPB) announcement that it will regulate indirect auto lenders under the Equal Credit Opportunity Act (ECOA). Indirect auto lending is auto lending provided through dealerships from third party lenders. NCRC President and CEO John Taylor made the following statement:
NCRC Applauds CFPB Announcement on Regulation of Auto Lenders Under ECOA Read More »
Washington, DC — On March 20-23, the National Community Reinvestment Coalition will hold its annual conference, and bring together hundreds of community organizations from across the nation. This year’s conference theme is “A Just Economy: Building Community Prosperity from the Ground Up.” “At the 2013 NCRC annual conference, community organizations from across the nation will
Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory. Yesterday, in
NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa Read More »
Read NCRC’s Letter to the Federal Reserve Bank of San Francisco on Bank of Hawaii’s Plan to Exit American Samoa.
Washington, DC – Today, the National Community Reinvestment Coalition applauded the U.S. Department of Housing and Urban Development’s (HUD) issuance of a rule on the “Implementation of the Fair Housing Act’s Discriminatory Effects Standard.” NCRC President and CEO John Taylor made the following statement: “We applaud HUD for formalizing in their rulemaking that the Fair
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