Press Releases
Governor Newsom Signs Sweeping Housing Foreclosure Bill Prevent Private Equity Firms From Gobbling Up Foreclosed Properties
September 28, 2020 Press Contact: Fermin Vasquez (213) 924-7661 press@calreinvest.org Governor Newsom Signs Sweeping Housing Foreclosure Bill Prevent Private Equity Firms From Gobbling Up Foreclosed Properties Sacramento, CA– In a sweeping move, Governor Newsom has signed State Senator Nancy Skinner’s SB 1079 to prevent corporate private equity…
Read MoreGovernor Newsom Signs Landmark Bill to Take On Waste & Abuse In The Financial Industry
September 18, 2020 Press Contact: Fermin Vasquez (213) 924-7661 press@calreinvest.org Governor Newsom Signs Landmark Bill to Take On Waste & Abuse In The Financial Industry California Enacts the Strongest Financial Protection Agency in the Country, Leading Where the Trump Administration Has Failed Consumers Sacramento, CA– While…
Read MoreCalifornia Reinvestment Coalition Applauds Governor Newsom for Extending Tax Credit to Immigrant Workers
September 18, 2020 Press Contact: Fermin Vasquez (213) 924-7661 press@calreinvest.org California Reinvestment Coalition Applauds Governor Newsom for Extending Tax Credit to Immigrant Workers As COVID19 Economic Impacts Devastate Immigrant Workers, and Excludes them from Federal Relief, Earned Income Tax Credit is a Lifeline Sacramento, CA– At a…
Read MoreThe California Reinvestment Coalition And San Francisco Treasurer José Cisneros Call For Banks To Take Bold Action To Invest In Communities Of Color During The Covid-19 Pandemic
SAN FRANCISCO August 5, 2020 – The California Reinvestment Coalition (CRC) and the San Francisco Office of Financial Empowerment (SFOFE) released a collaborative report today reviewing banking relief efforts for consumers and borrowers during COVID-19, and offering recommendations for reform. The report, titled “Pre-Existing Conditions: Assessing the Financial Services…
Read MoreCalifornia Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking Bill to Create a California State Bank
FOR IMMEDIATE RELEASE July 9th, 2020 Media Contacts Fermin Vasquez, 213-924-7661, press@calreinvest.org California Reinvestment Coalition Sam Lew, 415-272-8022, slew@lccrsf.org California Public Banking Alliance Lawyers’ Committee for Civil Rights of the San Francisco Bay Area, Communications Manager ***PRESS RELEASE*** California Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking…
Read MoreWaters’ and Meeks’ Resolution to Reverse the OCC’s Harmful Rule Undermining the Community Reinvestment Act Passes the House. Statement by CRC Executive Director Paulina Gonzalez-Brito
FOR IMMEDIATE RELEASE June 30th, 2020 Press Contact Fermin Vasquez press@calreinvest.org 213-924-7661 Washington D.C.- H.J. Resolution 90, a Congressional Review Act resolution of disapproval to nullify the Office of the Comptroller of the Currency’s (OCC’s) harmful Community Reinvestment Act rule introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the…
Read MoreCommunity Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules
The National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).
Read MoreCRC Statement on the murder of George Floyd
We call for the defunding of police by the state. We call for investment in housing, jobs, education, and small businesses in communities of color.
Read MoreCommunity Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”
SAN FRANCISCO & WASHINGTON, May 21, 2020 – The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA). Yesterday,…
Read MoreTop Banking Regulator Joseph Otting to Resign Leaving Redlining Legacy in CRA Final Rule
SAN FRANCISCO, May 20, 2020 – The Office of the Comptroller of the Currency finalized problematic changes to the Community Reinvestment Act (CRA), a decades-old civil rights law, just five weeks after receiving more than 7,000 public comments on its proposal. Community groups fiercely opposed the proposed modifications, providing…
Read More