Press Releases

California Reinvestment Coalition Denounces Proposed Federal Budget

Paulina Gonzalez, executive director of the California Reinvestment Coalition, released this statement in reaction to the “skinny budget” released by the president yesterday: “It’s been said that budgets are a reflection of priorities- but this budget represents a U-turn from the values that were espoused on the campaign trail…

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HUD Accepts CRC’s Redlining Complaint Against CIT Group’s OneWest Bank

COMPLAINT ALLEGES TROUBLING LENDING AND BRANCH DISPARITIES IN SOUTHERN CALIFORNIA San Francisco, Feb. 15, 2017— The California Reinvestment Coalition (CRC) was notified that its redlining complaint against CIT Group has been accepted by the Department of Housing and Urban Development on Monday this week. As a result, HUD will…

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CRC Responds to Steve Mnuchin’s Confirmation as Treasury Secretary

San Francisco, CA—February 13, 2017 This evening, in the face of widespread opposition from community groups across the country, and more than 850,000 Americans who opposed his nomination, Steve Mnuchin, the former CEO of OneWest Bank, and a Goldman Sachs alum, was narrowly confirmed by a vote of 53…

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CRC Applauds Senate Dems For Denying Mnuchin Vote

In response to Senate Democrats on the Senate Finance Committee boycotting a vote on Mr. Mnuchin’s nomination until he provides truthful answers, Paulina Gonzalez, executive director of the California Reinvestment Coalition released this statement: “Steve Mnuchin has shown a penchant for “alternative facts” when it comes to his his…

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Senators Need Answers from Steve Mnuchin on Eight Important Questions

Upon hearing news that Steve Mnuchin’s Senate Finance Committee vote has been delayed until tomorrow morning, Paulina Gonzalez, executive director of the California Reinvestment Coalition released this statement today: “We applaud the Senate Dems for standing up for working families who were harmed by Mr. Mnuchin’s foreclosure machine. However,…

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CRC Responds to Executive Order, Will Stand in Solidarity Against DeFacto Muslim Ban

Published January 30, 2017 12:41 Paulina Gonzalez, executive director of the California Reinvestment Coalition, released the following statement today: The California Reinvestment Coalition stands in solidarity with our brothers and sisters in fierce resistance across California and across the country against the unconstitutional, unethical, and immoral executive order put…

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California Reinvestment Coalition Sets the Record Straight on Steve Mnuchin’s Testimony

In response to claims made by Steve Mnuchin at his hearing today, Paulina Gonzalez, executive director of the California Reinvestment Coalition released the following statement: “Steve Mnuchin’s written testimony and claims he made during the hearing today are riddled with half-truths about what his bank did and didn’t do,…

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FOIA Request Seeks Data on Reverse Mortgage Foreclosures at Steve Mnuchin’s Former Bank

AFTER HEARING TROUBLING STORIES, NONPROFITS ASK HUD FOR DATA ABOUT FINANCIAL FREEDOM Washington DC Jan 12, 2017— Earlier today, two nonprofit groups submitted a Freedom of Information Act (FOIA) request about reverse mortgage foreclosures conducted against seniors by Financial Freedom, a reverse mortgage servicer previously owned by Steven Mnuchin,…

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California Reinvestment Coalition Calls on Senate Finance Committee to Postpone Hearings Until Steve Mnuchin Turns Over Obstructed Evidence From His Time At OneWest Bank

SENATORS NEED FULL RECORD BEFORE VOTE ON MNUCHIN San Francisco, January 5, 2017—The California Reinvestment Coalition is calling for an investigation by the Senate Finance Committee into Steve Mnuchin and OneWest Bank after a leaked memo cited “widespread evidence” of fraudulent practices by the bank under his leadership. The…

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Memo Shows Evidence of Illegal Foreclosure Practices At OneWest Bank While Steven Mnuchin Was CEO

Washington DC, January 3, 2017—A 2013 memo written by attorneys in the Consumer Law Section from the California Attorney General’s office is raising new concerns about the track record of OneWest Bank, and the ethics of its former CEO, Steve Mnuchin, who has been nominated to be Treasury Secretary…

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