Press Releases

Asset Building Program and Partners Recommend Best Practices for TANF Payment Card Contracts

Asset Building Program and Partners Recommend Best Practices for TANF Payment Card Contracts WASHINGTON, DC – Earlier this week, New America’s Asset Building Program, the Center for Law and Social Policy (CLASP) and the California Reinvestment Coalition (CRC), submitted a letter urging the Consumer Financial Protection Bureau (CFPB) and…

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New Report: California Spends $19 Million in Public Assistance on ATM Fees Annually

New Report: California Spends $19 Million in Public Assistance on ATM Fees Annually Advocates Call for Reform of CalWORKs Distribution March 25, 2014– California: A new report released today by the California Reinvestment Coalition reveals that in 2012, over $19 million of state funds meant for family household needs…

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80 Organizations Ask Federal Gvt. to Address Investor Cash Flooding Into Neighborhoods

80 Organizations Ask Federal Gvt. to Address Investor Cash Flooding Into Neighborhoods Regulators Should Act Now to Protect First-Time Homebuyers, Renters, and Communities March 4, 2014-California: Eighty organizations are calling on federal regulators to address first-time homebuyers being outbid, tenants being displaced, and neighborhoods undergoing dramatic changes as private…

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New Report Finds 60% Drop in Small Business Lending

New Report Finds 60% Drop in Small Business Lending San Francisco- December 23- The California Reinvestment Coalition released a report today finding that California’s small businesses are struggling because the nation’s largest banks, who severely restricted small business lending in 2008, continued this trend through 2013, cutting off access…

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Confirmation of Representative Mel Watt Important Step Forward for Housing Recovery

Confirmation of Representative Mel Watt Important Step Forward for Housing Recovery December 10, 2013–In response to today’s Senate vote to confirm Representative Mel Watt as the next director of the Federal Housing Finance Agency, Kevin Stein, Associate Director of the California Reinvestment Coalition, released this statement: “The California Reinvestment…

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Fresno City Council Votes to Move Forward on Restricting Payday Lenders

Fresno City Council Votes to Move Forward on Restricting Payday Lenders Fresno- November 22- The Fresno City Council voted yesterday to move forward on the legislative process to enact an ordinance restricting new payday lenders in the city. If enacted, the ordinance would require lenders to obtain a conditional…

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Celebrating Community Heroes in Los Angeles

Celebrating Community Heroes in Los Angeles Los Angeles- On a beautiful Thursday, November 7, evening, CRC members and friends gathered to celebrate Los Angeles Reinvestment. More than one hundred people filled a room at the Music Center of Los Angeles County, to honor the important work of community heroes,…

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JPMorgan Chase Settlement: Good Steps Forward, But More Should Be Done

JPMorgan Chase Settlement: Good Steps Forward, But More Should Be Done November 19, 2013—Responding to reports of a final settlement between the US government and JPMorgan Chase, Kevin Stein, Associate Director of the California Reinvestment Coalition, released this statement: “While details are still emerging, some of the provisions in…

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Lessons from Past Mortgage Settlements Should Guide Department of Justice Settlement with JP Morgan Chase

Lessons from Past Mortgage Settlements Should Guide Department of Justice Settlement with JP Morgan Chase October 22, 2013– Amid reports of Department of Justice negotiations of a multi-billion dollar settlement with JP Morgan Chase for securitizing faulty mortgages, 18 California organizations are calling for all future mortgage and foreclosure…

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Celebrating Community Heroes in Sacramento

Celebrating Community Heroes in Sacramento Sacramento–On the lovely evening of September 26, CRC members and friends gathered to celebrate Sacramento Valley Reinvestment. Almost one hundred filled the Firehouse Restaurant in old Sacramento to honor the important work of community heroes, networking and enjoying fine food and drink. (Pictures are…

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