Press Releases

“A Powerful Force In The Banking World” Wall Street Journal Publishes In-Depth Article On Neighborhood Assistance Corporation Of America (“NACA”)

September 13, 1999

The WALL STREET JOURNAL today published a front-page article citing the Neighborhood Assistance Corporation of America (“NACA”) as a “powerful force in the banking world… and one geared to ensure that it will become a permanent part of the banking landscape.” While doing a three-month investigation of NACA the Journal took a thorough look at the history, advocacy, and services of NACA.

The Neighborhood Assistance Corporation & The Associates Announce The Most Historic Change Ever For Consumers In The Sub-Prime Market

May 10, 1999

The Neighborhood Assistance Corporation of America (NACA), the most innovative and largest national community advocacy and housing services organization, and Associates First Capital Corporation, the nation's largest home equity lender, today announce the joint development of a revolutionary loan program. The Mortgage Reduction Program will provide borrowers an opportunity to earn an automatic reduction in their interest rates on their home equity loans.

Ford Victims Oppose Settlement Agreement

September 10, 1997

Members of a class action lawsuit against Ford Consumer Finance organized to oppose a settlement agreement that leaves them with a coupon worth $50 while their attorneys receive $1 million.

NACA Confronts Ford’s Sellout Settlement

September 03, 1997

Neighborhood Assistance Corporation of America (NACA) launched massive grassroots attack against a proposed settlement of Ford Motor Company’s predatory lending practices.