NCRC Announces Third Round of National Neighbors Silver Grantees

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) announced five new National Neighbors Silver (NNS) grantees. NNS is NCRC’s multi-year campaign to empower, organize and support economically vulnerable older adults. “The financial challenges facing older adults continue to increase in number and severity,” said NCRC President and CEO John Taylor. “From the impact […]

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NCRC Statement on House Financial Services Committee Hearing on FHA

Washington, DC– Today, in reaction to this morning’s House Financial Services Committee hearing, “Examining the Proper Role of the Federal Housing Administration in our Mortgage Insurance Market”, NCRC President and CEO John Taylor made the following statement: “FHA plays a critical role in the housing market, which it has served very well for many years.

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NCRC Applauds DOJ Civil Fraud Complaint against S&P

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded the news that the U.S. Department of Justice has filed a civil fraud complaint against Standards and Poor’s Rating Services for inflating crediting ratings for residential mortgage backed securities and collateralized debt obligations in the years leading to the financial crisis. “For years NCRC

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NCRC Statement on the Renomination of Richard Cordray as Director of the CFPB

Washington, DC – Today, in reaction to the news that President Obama has renominated Richard Cordray to lead to the Consumer Financial Protection Bureau (CFPB), NCRC President and CEO John Taylor made the following statement: “Richard Cordray has done an outstanding job as CFPB Director, and we urge the Senate to confirm his nomination. Under

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NCRC Statement on CFPB Appraisal Rules

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new appraisal rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new appraisal rules promote transparency and fairness for consumers. In a step that NCRC has long called for, all consumers will now receive copies of

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NCRC Statement on CFPB Mortgage Servicing Rules

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of new mortgage servicing rules, NCRC President and CEO John Taylor made the following statement: “The CFPB’s new mortgage servicing rules set bright lines for mortgage servicers and help to ensure that consumers will be treated fairly and with respect. In

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NCRC Statement on the CFPB’s Qualified Mortgage Rule

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s (CFPB) release of the Qualified Mortgage (QM) rule and the inclusion of a legal “safe harbor” for certain qualified mortgages, NCRC President and CEO John Taylor made the following statement: “The Consumer Financial Protection Bureau, in creating a legal safe harbor for certain

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NCRC Member Story: Northwest Side Housing Center’s Commitment to Older Adults

Membership Newsletter January 2013 | NCRC Member Story: Northwest Side Housing Center’s Commitment to Older Adults The Northwest Side Housing Center (NSSHC) has been organizing at the Montclare Residences since 2008. In 2010, the NWSHC helped form the Montclare Steering Committee, a group of older adult residents who come together and meet monthly around issues

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NCRC Member Spotlight: Frayser CDC is Working to Revitalize a Key Neighborhood in Memphis

Membership Newsletter January 2013 | NCRC Member Spotlight: Frayser CDC is Working to Revitalize a Key Neighborhood in Memphis Frayser Community Development Corporation is a new NCRC member based in the predominantly low-income Frayser neighborhood of Memphis, TN, which is home to about 40,000 people. Frayser CDC has been led for the past ten years

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NCRC Statement on OCC and Federal Reserve Settlement with Servicers

Washington, DC — Today, in reaction to the announcement of an $8.5 billion settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board and ten banks, NCRC President and CEO John Taylor made the following statement: “While compensation for homeowners who have been harmed is a good thing, it is

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NCRC’S DC Minority Business Center to Present Annual Awards

  Washington, DC — On December 19, the National Community Reinvestment Coalition’s Washington, DC MBDA Business Center, will present its 8th Annual MBDA Business Center Awards.  The awards will acknowledge those that have significantly furthered the center’s efforts to increase access to contracting opportunities and financing for minority business enterprises in 2012. The awards reception

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RW-Winter 2012 | Data Drives the Movement for Economic Justice

How NCRC’s Pro Bono Data Analysis Service Can Empower Your Organization An NCRC motto is “Data drives the movement for economic justice.” Analysis of publicly available data is necessary in order to determine if a particular bank(s) is engaged in a pattern and practice of abusive or discriminatory lending or if the bank(s) is lending

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RW-Winter 2012 | Improving CRA to Increase Responsible Lending and Investing in Neighborhoods

NCRC has been working persistently to enhance the implementation of the Community Reinvestment Act (CRA). In 2010 when the federal banking agencies held hearings on improving CRA, NCRC and several of our member organizations testified and asserted that bolstering CRA was needed to increase responsible lending and investing as well as to prod banks to

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RW-Winter 2012 | Age Friendly Banking

National Neighbors Silver (NNS), NCRC’s multi-year effort campaign to empower, organize, and support economically vulnerable older adults, is currently focused on developing a guide to “age friendly banking” – a standard that includes the services and products that financial institutions can offer to meet the needs of older adults. Currently, there are over 40 million

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