Wall Street Pulling Out All the Stops to Maintain Veil of Secrecy and Avoid Accountability Brought by Financial Reform Bill

May 5, 2010 By: National Community Reinvestment Coalition

Washington, DC -- As the Wall Street reform debate opens in the Senate, the financial services lobby is pulling out all the stops to weaken or even kill the financial reform bill. On a mission to fight off oversight and accountability, Wall Street banks have already poured in millions of dollars, d...

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Pay No Attention to the Banker Behind the Curtain: Why the Republican "Alternative" Leaves Wall Street Pulling the Strings

April 30, 2010 By: John Taylor, National Community Reinvestment Coalition

I've a feeling we're not in Kansas anymore, Toto. The battle over Wall Street reform oddly resembles a scene from the Wizard of Oz: given that we lost 8.2 million jobs, millions of homes, and trillions of dollars in savings, why would the GOP play political chicken and risk another financial crisis ...

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How Much Damage to the US Economy Must OccurBefore Congress Acts to Protect the American Public?

October 21, 2009 By: National Community Reinvestment Coalition

The financial reform legislation that would establish a Consumer Financial Protection Agency has been severely weakened by Congress, which has bowed to the financial industry’s multi-million dollar lobbying campaign. The bill contains loopholes, exemptions and other weaknesses that undermine its abi...

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A Time to Lead on Financial Reform

October 12, 2009 By: National Community Reinvestment Coalition

The National Community Reinvestment Coalition said the following on the President’s speech today on financial regulatory reform: “We applaud the President’s necessary leadership on financial reform. Clearly the President felt it necessary today to speak out against the weakening of the bill. Unfortu...

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NCRC John Taylor Joins President Barack Obama for Signing of Credit Card Legislation Into Law

May 27, 2009 By: NCRC

On May 22, 2009, NCRC CEO and President John Taylor attended the bill signing of the Credit Card Accountability, Responsibility, and Disclosure Act at the White House.

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Subprime Mortgages And Civil Rights

December 6, 2008 By: Progress Illinois

The manner with which mortgage companies peddled subprime loans to low-income people of color has been called reverse redlining, an inversion of the racially discriminatory real estate practices prevalent in urban America through the better part of the 1960s. And just like 40 years ago, an organizat...

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National Community Reinvestment Coalition Video in Defense of CRA

October 28, 2008 By: NCRC

In response to recent coordinated efforts in the media and elsewhere to hold the Community Reinvestment Act (CRA) responsible for the current financial crisis, NCRC has produced a short video to clarify CRA¹s role and significance.

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Editorial: Misplaced Blame

October 15, 2008 By: New York Times

In recent weeks, Republicans in Congress have been blaming a lot of things, besides themselves, for the subprime mortgage debacle. And many of these same Republicans have long wanted to abolish the Community Reinvestment Act, a landmark law that helped to rebuild some of the nation’s most desolate c...

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Statement from the National Community Reinvestment Coalition and National Civil Rights, Consumer, Community Development and Housing Groups Regarding Attacks on the Community Reinvestment Act (CRA)

October 14, 2008 By: National Community Reinvestment Coalition

Washington, DC – The following group of civil rights, consumer, community development, and housing groups today made the following statement:

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NCRC Calls for Stronger Legislation Accelerating Loan Modifications, Improving Foreclosure Prevention and Enhancing Enforcement.

May 21, 2008

NCRC CEO John Taylor testifies before the House Financial Services Committee

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