Over the last six years, CRC has negotiated more than $120 billion in community benefits agreements (CBA). These agreements with banks were negotiated with communities and community members at the table and resulted in commitments of between 10-20% of California deposits to be reinvested in local communities.

In 2020, CRC sued the Trump Administration for its harmful rule that would have eviscerated anti-redlining obligations imposed on banks to serve low and moderate-income communities. In September of 2021, the Office of the Comptroller of the Currency proposed to fully rescind the rule and work on new rules jointly with the Federal Reserve Board and the Federal Deposit Insurance Corporation.

We organized to pass the first-in-the-nation Homeowners’ Bill of Rights (HBOR), which gives homeowners a meaningful chance to avoid foreclosure as well as the right to a fair process to determine whether their loans can be modified. Under this law, homeowners are also given a right to sue banks that fail to provide this due process.

We helped strengthen the consumer protection infrastructure in California by expanding the authority of the Department of Business Oversight (DBO), now the Department of Financial Protection and Innovation (DFPI).

The California Public Banking Option Act, AB 1177 (Santiago), was signed into law in 2021. The law establishes CalAccount, which guarantees all Californians a no-fee, no-penalty debit account, with no overdraft fees, no minimum balance requirement, automatic bill pay capacity and free ATM access at participating banks. In May, Gov. Newsom included a $4 million allocation to complete the first step in the creation of the program in the budget proposal for fiscal year 2022-23.

We helped establish the first-ever right to purchase for tenants, community land trusts, nonprofit affordable housing providers and families at foreclosure auctions with SB 1079.

We mobilized to protect widows, widowers and other heirs of deceased borrowers from unfair foreclosures with the Homeowner Survivor Bill of Rights, SB1150.

Our grassroots advocacy EBT-for-Free campaign, resulted in an agreement with the state and with Bank of America, JPMorgan Chase and other banks to offer free EBT access both locally and nationwide..