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CRC In the News

Big Banks Profit from White Supremacy. They Should Return PPP Fees to Black and Latino Communities

Next City Op-ED The solutions we propose include banks embracing reparations for the Black community, stopping all foreclosures and evictions, suspending loan repayments, and committing to not financing displacement of communities of color.

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The High-Finance Mogul in Charge of Our Economic Recovery

THE NEW YORKER   “Instead of working with people to modify loans, OneWest was running a foreclosure machine,” Paulina Gonzalez

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Harris Announces RELIEF Act to Keep Americans in their Homes Throughout COVID-19 Pandemic

EAST COUNTY TODAY

“We thank Senator Harris for taking these important steps,” said Kevin Stein, Deputy Director, California Reinvestment Coalition.”

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California Bill to Establish Nation’s Second Public Bank Applauded as ‘Historic Challenge to Wall Street Domination’

Paulina Gonzalez-Brito, executive director of the California Reinvestment Coalition, called AB 310 a “game-changer” in the movement to usher in a more just economic system.

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Bill would create California public bank

AMERICAN BANKER

The California Reinvestment Coalition, which supports the bill, called it “a game changer” that would “right the history or redlining in communities of color and the inherent structural racism in the current banking system.”

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OCC CRA Final Rule – Opposition from Consumer Advocacy Groups and Congress

CONSUMER FINANCE MONITOR

On May 21, 2020, the National Community Reinvestment Coalition (“NCRC”), the California Reinvestment Coalition (“CRC”), and Democracy Now announced their intent to sue the OCC…

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New U.S. Regulator Races to Remake Banking in Fintech Image

BLOOMBERG LAW

“It seems like the history of Brian Brooks is protecting the interests of banks and protecting the banks from scrutiny, and now we’re seeing that same interest and those same types of priorities at the OCC,” Gonzalez-Brito said.

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Bank Regulations Can Be Tools of Oppression, Too

AMERICAN PROSPECT

In 2014, when OneWest announced a merger with CIT Bank, community leaders pressured OneWest over its weak community lending efforts (“They mostly foreclosed on people,” one activist told me at the time.) Otting was so apoplectic about this threat to the merger that he solicited his Wall Street…

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Top banking regulator, Joseph Otting, announces departure during pandemic

WASHINGTON POST

Three advocacy groups, including the National Community Reinvestment Coalition and California Reinvestment Coalition, said Thursday that they would sue the OCC to block implementation of the new rule. The OCC “introduced new, gaping loopholes into the rules that will allow banks to reduce their focus on lower-income borrowers…

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Community groups plan to sue OCC over CRA rule

AMERICAN BANKER

“By moving forward despite an overwhelming majority of public commenters disagreeing with the framework put forth in the final rule, it is clear that the outcome was predetermined to fix the game in favor of the big banks to the detriment of communities and the spirit and intent…

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Where OCC bent and where it held firm in final CRA rule

AMERICAN BANKER

“Although some changes have been made to the final rule, much of the final rule retains the problematic original proposal,” the California Reinvestment Coalition said in a press release. “The hastiness of the process calls into question whether the public comments were fully considered, as is required by…

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New SF HELP loan product for small businesses provides model for California

SF EXAMINER

The state needs to find ways to help low-income communities during the COVID-19 crisis

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Become a Member

Become a Member of the California Reinvestment Coalition

CRC welcomes California mission-driven community organizations and government agencies to join the coalition.

Benefits of CRC Membership

  • Invitations to annual meetings with banks and bank merger-related activities – an exclusive opportunity to meet with bank executives to discuss their community investment strategies.
  • A dedicated advocate that amplifies your voice, so that bankers, regulators, and elected officials pay attention to the needs of our communities.
  • Groundbreaking programs that strengthen and protect the economic well-being of the people your organization serves every day.
  • Connection to a statewide network of peer organizations that are also serving low-income communities and communities of color.
  • Members-only updates and analysis on banking practices, regulatory issues, and legislation that directly impact the mission and financial capacity of your organization.
  • Engagement in CRC initiatives, such as sign-on letters, press events, and other advocacy efforts that hold policymakers and regulators accountable to the people they were chosen to represent and serve.

If you are interested in becoming a member of CRC, please read the following pledge and fill out the form below. We will consider your request and submit it to our Board of Directors for approval. Once approved, we will notify you and provide information about CRC committees and dues.

Annual CRC membership dues:

  • Nonprofit organization – $100(operating budget under $500k)
  • Nonprofit organization – $200(operating budget $500k – $5M)
  • Nonprofit organization – $300(operating budget $5m and over)
  • Public agency – $500

Membership Pledge

We subscribe to CRC’s efforts to promote investment in California’s low-income communities and increased access to affordable financial services, housing credit to facilitate the production and maintenance of low-income housing, credit for low-income individuals, and credit for community economic development.

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