Press Releases

California Reinvestment Coalition Applauds Governor Newsom for Extending Tax Credit to Immigrant Workers

September 18, 2020 Press Contact: Fermin Vasquez (213) 924-7661 press@calreinvest.org    California Reinvestment Coalition Applauds Governor Newsom for Extending Tax Credit to Immigrant Workers As COVID19 Economic Impacts Devastate Immigrant Workers, and Excludes them from Federal Relief, Earned Income Tax Credit is a Lifeline   Sacramento, CA– At a…

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The California Reinvestment Coalition And San Francisco Treasurer José Cisneros Call For Banks To Take Bold Action To Invest In Communities Of Color During The Covid-19 Pandemic

SAN FRANCISCO  Jan 30, 2020 – The California Reinvestment Coalition (CRC) and the San Francisco Office of Financial Empowerment (SFOFE) released a collaborative report today reviewing banking relief efforts for consumers and borrowers during COVID-19, and offering recommendations for reform. The report, titled “Pre-Existing Conditions: Assessing the Financial Services…

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California Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking Bill to Create a California State Bank

FOR IMMEDIATE RELEASE  July 9th, 2020  Media Contacts  Fermin Vasquez, 213-924-7661, press@calreinvest.org   California Reinvestment Coalition Sam Lew, 415-272-8022, slew@lccrsf.org  California Public Banking Alliance  Lawyers’ Committee for Civil Rights of the San Francisco Bay Area, Communications Manager  ***PRESS RELEASE***  California Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking…

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Waters’ and Meeks’ Resolution to Reverse the OCC’s Harmful Rule Undermining the Community Reinvestment Act Passes the House. Statement by CRC Executive Director Paulina Gonzalez-Brito

FOR IMMEDIATE RELEASE June 30th, 2020 Press Contact Fermin Vasquez press@calreinvest.org 213-924-7661 Washington D.C.-  H.J. Resolution 90, a Congressional Review Act resolution of disapproval to nullify the Office of the Comptroller of the Currency’s (OCC’s) harmful Community Reinvestment Act rule introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the…

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Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules

The National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).

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CRC Statement on the murder of George Floyd

We call for the defunding of police by the state. We call for investment in housing, jobs, education, and small businesses in communities of color.

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Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”

SAN FRANCISCO & WASHINGTON, May 21, 2020 – The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA). Yesterday,…

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Top Banking Regulator Joseph Otting to Resign Leaving Redlining Legacy in CRA Final Rule

SAN FRANCISCO, May 20, 2020 – The Office of the Comptroller of the Currency finalized problematic changes to the Community Reinvestment Act (CRA), a decades-old civil rights law, just five weeks after receiving more than 7,000 public comments on its proposal. Community groups fiercely opposed the proposed modifications, providing…

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California Legislature Debates Extending Predatory Loan Pilot Program Targeting Communities of Color

SACRAMENTO, May 19th, 2020 – The Assembly Finance and Banking Committee heard arguments on extending Assembly Bill 2196, the Pilot Program for Increased Access for Responsible Small Dollar Loans.  Started in 2014, the program was designed to increase consumer’s access to capital by encouraging a more robust small dollar…

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California Reinvestment Coalition, Democracy Forward Seek Records on Trump Administration’s Paycheck Protection Program

WASHINGTON, May 12th, 2020 – Democracy Forward and the California Reinvestment Coalition filed a Freedom of Information Act request for all records on the guidance the Office of the Comptroller of the Currency (OCC) provided financial institutions for tracking how loans were distributed to small businesses owned by women…

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