Federal Bailout: $700 Billion to the Wrong People
The California Reinvestment Coalition (CRC) sent letters to leaders of the House and Senate Banking Committees and the Speaker of the House urging them to approach the Administration’s $700 billion plan to bail out the banking system with caution. Millions of taxpayers are losing their homes, while the companies who sold them predatory loans are being let off the hook in this proposal.
Click here to read the letter
Click here to read the press release
Upcoming CRC Events
Celebrate Sacramento Reinvestment on Oct. 2!
Click here for the evite
Save the Date! Celebrate Los Angeles Reinvestment on Nov. 13!
Click here for more information
Media and Development Coordinator Wanted
CRC is looking for a dynamic, creative, and motivated individual to become a part of our team.
Click here for more information
Join us in our Campaign to End Predatory Payday Lending!
CRC members and allies are mounting an exciting campaign to pass local zoning ordinances to stop the spread of payday lending in major cities and pass statewide legislation that caps interest at a 36% annual percentage rate, on par with regulations enacted by the federal government to protect military service personnel. We know it will be a hard fight, and it will take the active involvement of hundreds of local leaders and organizations across the state.
Please join this movement by signing on as a campaign endorser. Click here for an endorsement form.
Mo’ Money, Mo’ Money, Mo’ Money
How Greedy Corporations Destroy the American Dream
The California Reinvestment Coalition produced this documentary, entitled "Mo’ Money, Mo’ Money, Mo’ Money: How Greedy Corporations Destroy the American Dream" to show how the foreclosure crisis affects everyone. Foreclosures destroy the dreams of California families and threaten the stability of small businesses, city governments and neighborhoods. .
Mo’ Money tells the story of borrowers who were lied to and ignored by their mortgage loan servicers, and the people who are working to keep them in their homes.
It also reveals how this disaster could have been avoided if regulators and government officials did not ignore predatory lending practices.
