Press Releases

California Reinvestment Coalition Statement on CFPB Leadership Transition

In response to the current controversy surrounding the successor to lead the Consumer Financial Protection Bureau (CFPB), Paulina Gonzalez, executive director of the California Reinvestment Coalition, released the following statement: “Leandra English should be recognized as the legal and rightful director of the CFPB following the resignation of Director…

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Over 130 Organizations Call on FHFA to Review Policies that Are Fueling Displacement

FHFA NEEDS TO “REFOCUS” ITS STRATEGIC PLAN  San Francisco, CA—Nov.15, 2017— Earlier today, 136 organizations sent a letter to Mel Watt, the director of the Federal Housing Finance Agency (FHFA), urging him to review and possibly end policies that are enabling the widespread displacement of low income people and people of color….

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New FOIA Response from HUD Reveals 646% Increase in Foreclosures against Seniors in 2016

ADVOCATES QUESTION IF HUD SHOULD BE DOING MORE TO PROTECT SENIORS FROM NEEDLESS FORECLOSURES November 15, 2017 San Francisco, CA —New data (fact sheet) from a Freedom of Information Act request, released today, indicates that there was a 646% increase in foreclosures last year against seniors with federally insured…

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New FOIA Response from HUD Reveals 646 Percent Increase in Foreclosures against Seniors in 2016

November 15, 2017 San Francisco, CA —New data from a Freedom of Information Act request, released today, indicates that there was a 646% increase in foreclosures last year against seniors with federally insured reverse mortgages as compared to the previous 7 years. In January 2017, the California Reinvestment Coalition…

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Community and Religious Leaders Urge LA Board of Supervisors to Protect Neighborhoods from Predatory Lenders

SENIORS, WORKING FAMILIES, PEOPLE OF COLOR ARE HARMED BY HIGH-COST LOANS Los Angeles, Nov. 14, 2017– Earlier today, a group of more than 80 concerned religious and community leaders sent a letter to the Los Angeles County Board of Supervisors, urging the board to take action next month to address high-cost payday…

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California Reinvestment Coalition Applauds CFPB for New Federal Regulations to Protect Payday Loan Borrowers

SENIORS, COMMUNITIES OF COLOR WILL BENEFIT FROM SAFEGUARDS IN NEW RULE San Francisco, CA, October 5, 2017— In response to new payday loan rules released by the Consumer Financial Protection Bureau today, Paulina Gonzalez, executive director of the California Reinvestment Coalition, released the following statement: “Here in California, seniors were…

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New Report: California’s System for Delivering Public Benefits is Improving, but Still Room for Improvements

ACCESS TO FREE ATMs WILL INCREASE DRAMATICALLY IN 2018 San Francisco, CA, October 4, 2017 —The California Reinvestment Coalition (CRC) released a new report today focused on public benefits in California and how the delivery of those benefits can be improved to reduce costs. In a 2014 report, CRC detailed how public…

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New Report Finds Immigrants Are Going “Underground” Because of Federal Government’s Rhetoric + Policies

CALIFORNIA NONPROFITS SHARE CONCERNS IN NEW REPORT San Francisco, CA, September 28, 2017 —The California Reinvestment Coalition released a new report this week, focused on how anti-immigrant rhetoric and policies are jeopardizing the health, financial security, and safety of immigrant families. The report is based on a survey of community-based nonprofits…

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