Press Releases

Senate COVID-19 Response Package Falls Well Short of What’s Required to Protect Our Communities

San Francisco — The United States Senate recently passed a coronavirus response package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, intended to provide health resources and economic relief in the wake of the COVID-19 pandemic. California Reinvestment Coalition Executive Director Paulina Gonzalez-Brito issued the following statement: Despite…

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California Coalition Demands that the Office of the Comptroller of the Currency Freeze Community Reinvestment Act Public Rulemaking Underway Amidst the COVID-19 Public Health Crisis and Push for More Resources Dedicated for Response

California Coalition Demands that the Office of the Comptroller of the Currency Freeze Community Reinvestment Act Public Rulemaking Underway Amidst the COVID-19 Public Health Crisis and Push for More Resources Dedicated for Response The emerging COVID-19 epidemic is a massive threat to the health and safety of the public;…

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BREAKING: Lawsuit Compels Trump Administration to Commit to Finalizing Protections Against Lending Discrimination

For Years, CFPB Unlawfully Stalled Progress on Info Needed to Help Women-Owned, Minority-Owned & Small Businesses Access Credit In Milestone Settlement, CFPB Agrees to Enforceable Deadlines and Court Status Reports on Progress Toward Collection & Disclosure of Small Business Lending Data  Administration Reversed Course After Coalition of Small Business…

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CRC statement on Extension of CRA comment period

Paulina Gonzalez, the Executive Director of the California Reinvestment Coalition issued the following statement in response to today’s news that OCC Comptroller Joseph Otting Office is going to extend the comment period on the proposed CRA rule for an additional 30 days: “When asked by Congress, Mr. Otting said…

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Media Advisory: CRC to Share Findings of Fake Public Comments During ‘Too Big to Fail’ Merger under OCC Comptroller Joseph Otting’s Tenure as Bank’s CEO

CRC and Public Citizen Call for Investigation and Full Accounting of AstroTurf Campaign During Otting’s Tenure Prior to CRA RuleMaking Process Public Comment  Washington D.C. – On Thursday, February 6th, 2020, The House Financial Services will hold a hearing “Fake It Till They Make It: How Bad Actors Use…

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California Reinvestment Coalition Welcomes Governor Newsom’s Efforts to Revamp the California Department of Business Oversight to Better Protect Consumers and Borrowers

Contact: Vijay Das, National Policy and Communications Director, 415-864-3980 SAN FRANCISCO, CA — January 10th, 2020 Today Governor Newsom announced a major overhaul of the California Department of Business Oversight in his 2020-2021 budget proposal to better protect consumers in light of the Trump administration’s effort to undermine the…

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Media Advisory: CRC to Testify Before Congress

MEDIA ADVISORY Contact: Vijay Das, 415-864-3980 Washington D.C. – On Tuesday, January 14th 2020, the House Financial Services Subcommittee on Consumer Protection and Financial Institutions will hold a hearing, “The Community Reinvestment Act: Reviewing Who Wins and Who Loses with Comptroller Otting’s Proposal” at 2pm EST at Room 2128…

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California Coalition Deeply Concerned about Trump’s Banking Regulator’s Latest Effort to Undermine Anti-Redlining Law, the Community Reinvestment Act

Contact: Vijay Das, 415-864-3980 SAN FRANCISCO, Dec 13, 2019 — Today the Trump administration’s appointed banking regulator, Joseph Otting of the Office of the Comptroller of the Currency (OCC) has spearheaded changes that will significantly weaken the landmark anti-redlining law and harm low-income communities across the country. The Community…

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Coalition of Community Orgs Seeks Records on Trump Administration’s Attempt to Silence Opposition to Gutting Anti-Redlining Rules

Coalition of Community Orgs Seeks Records on Trump Administration’s Attempt to Silence Opposition to Gutting Anti-Redlining Rules Administration Publicly Criticized Groups That Opposed Proposed Changes to Community Reinvestment Act Top Official Told California Reinvestment Coalition to Alter Public Statements Against New Rules Freedom of Information Act Request Filed Ahead…

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Small Business Owners, Community Groups Fight Back as CFPB Continues Unlawful Delay of Anti-Discrimination Lending Protections

CFPB Unlawfully Halted Progress Toward Collecting Data on Small Business Lending While Groups’ Lawsuit Forced Administration to Say it Will Move Forward, the Unreasonable and Unlawful Delay Harms Small Business Owners Ahead of Small Business Saturday, Business Owners Demand Assurances, Arguing Near-Decade Delay is Long Enough Washington, D.C.—Today, ahead…

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