Published: June 2009

“Day of Action” highlights impact of recession on communities

From Chicago to San Francisco, Birmingham to Detroit and in more than 50 cities across the country, the National Community Reinvestment Coalition (NCRC) held public rallies and events at 54 locations across the U.S. calling for greater accountability and integrity in the U.S. financial system.

NCRC’s “Day of Action” highlights the damage to communities as a result of the economic crisis, supports legislative reforms to create jobs, stop foreclosures and rebuild communities and supports the passage of the Community Reinvestment Modernization Act of 2009 (H.R. 1479). Consumer Action, in coalition with NCRC, has signed on in support of H.R. 1479

In a press release about the event, president and CEO of NCRC John Taylor said, “The current crisis demonstrates that consumer protections are integrally linked with the safety and soundness of the financial system. As the government has propped up financial institutions with trillions of dollars in investments, loans and guarantees, it has not done enough to not protect working Americans from foreclosure and job loss, or to prevent this crisis from occurring again.”

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Banking   ♦   Congress   ♦   Consumer Protection   ♦   Housing   ♦