STUDY: Single Women Of Color Age 36-49 Have Median Wealth Of Just $5

March 12, 2010 By: The Huffington Post

According to a report released by the Insight Center for Community Economic Development this week, there is a vast discrepancy in wealth between single women of color and single white women. The study, "Lifting As We Climb: Women of Color, Wealth, and America's Future," found that while the media...

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Foreclosure rates up by smallest amount in 4 years

March 12, 2010 By: AP

At many of the 100 mortgage companies charged with running the program, employees still "don't really know what the guidelines are — or refuse to adhere" to them, said Cheryl Cassell, manager of housing counseling at the National Community Reinvestment Coalition, a community group in Washington.

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Senators wrestle with Fed bank oversight issues

March 8, 2010 By: Reuters

The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday

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The Fed flopped

March 5, 2010 By: Milwaukee Journal-Sentinel

"The Fed has repeatedly shown a lack of desire to enforce the laws that are already on its books," said John Taylor, president and chief executive of the National Community Reinvestment Coalition. "I'd take the National Zoo over these guys."

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Consumer Agency Within Fed Seen as Victory for Banks

March 4, 2010 By: BusinessWeek

“We have the track record of them failing to take action when they should have and potentially could have averted this foreclosure crisis,” said John Taylor, president and chief executive officer of the National Community Reinvestment Coalition in Washington, a group of 600 organizations promoting f...

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Housing the Consumer Financial Protection Agency at the Federal Reserve Would Be a Grave Mistake

March 4, 2010 By: RealEstateRama

Washington, DC - March 3, 2010 - (RealEstateRama) — John Taylor, president & CEO of the National Community Reinvestment Coalition made the following statement in reaction to the news that key senators are considering housing the Consumer Financial Protection Agency at the Federal Reserve:

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Gridlock May Be Ending on Consumer Protection

March 3, 2010 By: NY Times

Many consumer groups believe those efforts are too little and too late, however. John Taylor, president and chief executive of the National Community Reinvestment Coalition, said the organization had spent years raising consumer protection and fair lending concerns with the Fed, to little avail. “Th...

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Let's Not Kid Ourselves: Unless You're on Wall Street, It's All Smoke and Mirrors

March 2, 2010 By: John Taylor, Pres. and CEO, National Community Reinvestment Coalition

It was only a month ago that President Obama's tough talk about financial reform inspired us to hope for measures to protect taxpayers from future Wall Street shenanigans. Despite high unemployment, rising foreclosure rates and other lackluster economic indicators, Congress believes serious financia...

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Dodd Proposes Financial Protection Agency

February 27, 2010 By: New York Times

The chairman of the Senate Banking Committee on Friday proposed creating a Bureau of Financial Protection inside the Treasury Department to regulate mortgages, credit cards, payday loans and other consumer products. The proposal, a copy of which was provided to The New York Times, represents an atte...

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Financial reform bill hangs on consumer protection

February 26, 2010 By: Washington Post

Liberal senators and advocacy groups cautioned Thursday that they would not support a compromise on financial reform legislation unless it sufficiently empowered a proposed federal regulator to protect consumers of mortgages, credit cards and other loans

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