Press Releases

San Jose City Council Restricts Payday Lending

San Jose City Council Restricts Payday Lending May 16, 2012– In San Jose, CRC and our partners at the Public Interest Law Firm/ Law Foundation of Silicon Valley, Sacred Heart Community Service, the Alliance of Californians for Community Empowerment, the Asian Law Alliance, Catholic Charities of Santa Clara County,…

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Governor Brown Raids Housing Counseling Funds

Governor Brown Raids Housing Counseling Funds May 16, 2012–As part of the $26 billion National Mortgage Settlement announced earlier this year, big bank scontributed $400 million to Attorney General Kamala Harris’s office to administer the relief from the settlement.Just last Friday, Attorney General Harris announced that more than half…

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CRC Statement on the Occasion of Wells Fargo’s Annual Shareholders Meeting and the 99% Stakeholders Meeting

CRC Statement on the Occasion of Wells Fargo’s Annual Shareholders Meeting and the 99% Stakeholders Meeting April 24, 2012– Today, as Wells Fargo holds their Annual Shareholders Meeting in San Francisco, hundreds of homeowners, foreclosure fighters, clergy, housing justice and immigrant rights advocates, unions, tenant rights groups, residents and…

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CRC’s Kevin Stein named to the Federal Reserve’s Consumer Advisory Council

CRC’s Kevin Stein named to the Federal Reserve’s Consumer Advisory Council Published March 29, 2011 The Federal Reserve Board has named CRC’s Associate Director Kevin Stein as one of ten new members to its Consumer Advisory Council. The Council advises the Board on a variety of consumer financial protection…

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Bank Report Card Reveals True Cost of Checking Products

Bank Report Card Reveals True Cost of Checking Products Basic checking account products and fees at the nation’s biggest banks are draining the account balances of California’s low and moderate income (LMI) communities, a new report by the California Reinvestment Coalition (CRC) finds. Checking accounts will become even less…

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New Report Shows Wall Street Costing California Homeowners, Taxpayers $650 billion

New Report Shows Wall Street Costing California Homeowners, Taxpayers $650 billion A new report shows the extent of Wall Street foreclosure costs to Californians, as state legislators and community groups announce new legislation to require Wall Street to pay for damages. The report can be found by clicking: http://www.homedefendersleague.org/wp-content/uploads/2011/03/Home-Wreckers-Report-March-16-2011.pdf…

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Bank Lending to California Small Businesses has dropped dramatically since 2007, new report shows

Bank Lending to California Small Businesses has dropped dramatically since 2007, new report shows Published December 06, 2010 11:06A report released today by the California Reinvestment Coalition reveals that small business lending decreased by almost 1.5 million loans and $21 billion in California from 2007 to 2009. Small businesses…

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