National Community Reinvestment Coalition

Posted on Oct 01, 2008 by ResourceCommittee

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The National Community Reinvestment Coalition (NCRC) called on Congress to address the (Sept/Oct '08) financial crisis in a way that both stems foreclosures and avoids future crises by purging reckless and irresponsible lending practices. Their website served as a valuable resource in understanding the crisis offering an alternative to the $700 billion bailout.

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America's working families.

NCRC creates, implements, and supports long-term solutions and strategies that build community and promote individual economic well-being. Through information, research, programs, training and service, we ensure that people in traditionally underserved communities are treated fairly and justly when applying for credit, opening a bank account, getting a mortgage, a loan, or other financial product or service.

NCRC ensures that banks, mortgage lenders, and the financial community are aware of their responsibilities and uphold basic standards in providing access to financial products and services to all people without discrimination.

URL: http://www.ncrc.org/

Tags: Capital/Finance Economic Justice

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