For just the second time ever on Monday, this country will celebrate Juneteenth as a national holiday. On this day, we recognize the strength and resilience of Black communities and acknowledge the continued struggle for liberation. Juneteenth is now a federal holiday, but it has been celebrated among Black…
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This week, the California Reinvestment Coalition, along with about 1,000 National Community Reinvestment Coalition members, staff and allies, attended the 2022 Just Economy Conference in Washington, D.C. After two years of virtual strategizing and mobilizing, NCRC members got to network and exchange ideas in person at the two-day event….
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Combat banking discrimination. Reduce financial disparities. Push the need for broadband access. Opportunities like this can come with learning more about how we can utilize and track the movement of cryptocurrency, a decentralized, deregulated form of investing in, buying and selling online currency. Don’t worry, we’ve done the seemingly…
Continue Reading →CRC submitted the following letter to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve to announce its formal opposition to the proposed merger of BMO Financial Corp/BMO Harris Bank, N.A. and BancWest Holding Inc./Bank of the West. Download the full…
Continue Reading →In November of 2021, the California Reinvestment Coalition officially opposed the proposed merger of U.S. Bank and Union Bank, which had been announced two months earlier. There has been a whirl of activity from CRC since. Take a look at the timeline below to recap more than six months…
Continue Reading →Mergers may be good for corporations, but they’re rarely good for economic stability and financial equity for consumers — especially for Black, Indigenous and People of Color (BIPOC) and low to moderate-income (LMI) communities. That was the message delivered on Tuesday, March 8 by members of dozens of nonprofits,…
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Low- to moderate-income communities and communities of color are adversely impacted when banks merge. That’s why when Minneapolis-based U.S. Bank agreed to acquire Union Bank in September 2021, CRC and 66 of its members and allies in California opposed the merger based on potential branch closures and staff layoffs,…
Continue Reading →After a busy bank merger season in 2021, the pace continues in 2022. In addition to engaging on megabank mergers, we hope to restart meetings with banks that are not going through mergers. Check out what’s happening below and reach out to find out how to get involved. U.S….
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The California Reinvestment Coalition is pleased to announce that it has hired Doni Tadesse as its new Southern California Organizer and Aliyah Shaheed as its new Northern California Organizer. Tadesse comes to CRC after working as a capacity builder with the Los Angeles LGBT Center where he trained and…
Continue Reading →An attack on American democracy unfolded before the eyes of the entire world on Jan. 6, 2021. The violent storming of the Capitol that day was a shameful attempt to overturn the 2020 election results. It was a brutal and sobering reminder that white supremacy can go unchecked in…
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