Press Releases

Coalition Calls for Federal Investigation into Impacts on Communities of Color of OneWest Bank Foreclosures

Coalition Calls for Federal Investigation into Impacts on Communities of Color of OneWest Bank Foreclosures NEW RESEARCH CONFIRMS ONEWEST FORECLOSURES CONCENTRATED IN COMMUNITIES OF COLOR, ADDING TO FAIR LENDING CONCERNS Los Angeles- CA-June 9, 2015—Today, a statewide coalition called on federal regulators to investigate a disproportionately high number of…

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Nonprofits Blast California Chamber of Commerce for Picking on Widowed Homeowners

Nonprofits Blast California Chamber of Commerce for Picking on Widowed Homeowners CHAMBER: PROTECTING WIDOWED HOMEOWNERS IS A “JOBS KILLER” Sacramento, CA: May 28, 2015–The California Chamber of Commerce is holding its annual “Capitol Summit”meeting this week, and two statewide nonprofits are calling on the Chamber to reverse its position…

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CRC Statement on “Christmas in May” Shelby Bill Giveaway to Bank Lobbyists

CRC Statement on “Christmas in May” Shelby Bill Giveaway to Bank Lobbyists May 21, 2015- San Francisco, CA- Today, California Reinvestment Coalition Executive Director Paulina Gonzalez released this statement about the party-line vote approving Senate Banking Committee Chairman Richard Shelby’s draft legislation, the Financial Regulatory Improvement Act of 2015….

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New Survey finds ATM Fees Are a Major Expense, Major Hassle for Public Assistance Recipients

New Survey finds ATM Fees Are a Major Expense, Major Hassle for Public Assistance Recipients RESPONDENTS SHARE FRUSTRATION AT LOSING THEIR BENEFITS TO ATM FEES Oakland, California- May 5, 2015- Earlier today, the California Reinvestment Coalition (CRC) released the results of a new survey of people who pay fees…

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California Reinvestment Coalition Negotiates $11 Billion Reinvestment Commitment as part of City National and RBC Merger

California Reinvestment Coalition Negotiates $11 Billion Reinvestment Commitment as part of City National and RBC Merger CRA PLAN IS MORE THAN DOUBLE WHAT ONEWEST BANK PROPOSES April 23, 2015-Los Angeles— Today, the California Reinvestment Coalition announced that its members successfully negotiated a new Community Reinvestment plan as part of…

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CRC Executive Director Speaks at CFPB Field Hearing on Payday Loans

CRC Executive Director Speaks at CFPB Field Hearing on Payday Loans RULES WILL ADDRESS PERSISTENT PROBLEMS THOUGH POTENTIAL LOOPHOLES REMAIN March 26, 2015, Richmond, VA—Paulina Gonzalez, executive director of the California Reinvestment Coalition(CRC), spoke earlier today at a CFPB field hearing. During the hearing, the CFPB previewed the proposed…

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CFPB Proposed Payday Rules Fill California Consumer Protection Void

CFPB Proposed Payday Rules Fill California Consumer Protection Void RULES WILL PROVIDE MUCH NEEDED PROTECTIONS FOR CALIFORNIA CONSUMERS March 26, 2015—Richmond, VA- Paulina Gonzalez, the executive director of the California Reinvestment Coalition (CRC), will be speaking today at a CFPB field hearing focused on payday lending, during which the…

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$19 Million in ATM Fees Charged Annually to CalWORKs Recipients to Shrink under Proposed California State Contract

$19 Million in ATM Fees Charged Annually to CalWORKs Recipients to Shrink under Proposed California State Contract CONSUMERS: “PROPOSAL IS GOOD STEP FORWARD, BUT MORE CAN BE DONE TO REDUCE THE ATM FEES WE HAVE TO PAY TO OBTAIN OUR BENEFITS” March 11, 2015 Sacramento- A new draft Request…

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Advocates: Grandma May Get Run Over By HUD’s New Reverse Mortgage Policy

Advocates: Grandma May Get Run Over By HUD’s New Reverse Mortgage Policy NEW POLICY WON’T HELP HOMEOWNERS, FORECLOSURES WILL LIKELY CONTINUE Washington DC- March 11, 2015: Earlier this week, a group of consumer advocates and attorneys sent a letter to the Department of Housing and Urban Development (HUD) about…

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National, State, Local Community Groups Rally Against Too-Big-To-Fail Bank Merger of OneWest and CIT Group at Federal Hearing

National, State, Local Community Groups Rally Against Too-Big-To-Fail Bank Merger of OneWest and CIT Group at Federal Hearing OVER 21,000 AMERICANS OPPOSE “TOO BIG TO FAIL” BANK MERGER- MARKING LARGEST BANK PROTEST IN US HISTORY Editor’s note: A summary and pictures from the rally are now available. Feb. 26th-…

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