CRC Statement on OCC’s Reconsideration of Harmful CRA Rule

The California Reinvestment Coalition’s Executive Director, Paulina Gonzalez-Brito, issued a statement on the Office of the Comptroller of the Currency’s (OCC) announcement that it would reconsider its 2020 Community Reinvestment Act rule.

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Assembly Committee Votes to Close Racial Wealth and Financial Access Gap, Approves BankCal, the California Public Banking Option Act

Nearly 200 racial and economic justice groups, faith-based organizations, businesses, and labor unions on Thursday, April 29 celebrated the Assembly Banking and Finance Committee’s approval of the California Public Banking Option Act, AB 1177 (Santiago), also known as BankCal.

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PNC Bank, NCRC Announce $88 Billion Community Investment Commitment

CRC joins PNC Bank and the National Community Reinvestment Coalition in announcing the creation of a four-year, $88 billion community benefits plan that will increase financial resources to low- and moderate-income people and communities across the bank’s entire national footprint.

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California Lawmakers Announce First-in-the-Nation Universal Banking Services Access Program

A coalition of lawmakers and financial services advocates joined to announce landmark legislation that would offer a zero-cost, zero-penalty bank account to all Californians known as the California Public Banking Option Act (AB 1177), or BankCal.

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New Report Says Calif. Landlords Are Cashing in on Homes as Millions Face Eviction

Assemblymember Mike A. Gipson and Impacted Tenants Call for Passage of the Homes for Families Bill (AB 1199), as New Report Shows 10 Billionaire Landlords have Amassed $191 Billion to Buy-Up More Properties   LOS ANGELES — The housing fate of tens of thousands of Californian families rests in…

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CRC Applauds Appointment Of Marcia L. Fudge To Head Of HUD

The California Reinvestment Coalition (CRC) applauds the U.S. Senate confirmation of Rep. Marcia L. Fudge as Secretary of the U.S. Department of Housing and Urban Development (HUD). Fudge was confirmed 66-34 on March 10.

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CRC Comments on Anti-Asian Violence and Hate

In response to the growing number of racist attacks and unprovoked acts of violence against Asian and Asian-American communities in the United States, CRC issued the following statement: Anti-Asian rhetoric, harassment, and violence have grown at an alarming rate since the start of the COVID-19 pandemic. There is a…

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CRC Executive Director Gonzalez-Brito to Testify Before Congress

SAN FRANCISCO – CRC Executive Director Paulina Gonzalez-Brito is scheduled to testify before the House of Representatives Committee on Financial Services on Wednesday, March 10 about ways policymakers can dismantle white supremacy, and remove the barriers Black, Indigenous, and People of Color face in the housing and financial services…

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First Citizens Bank Announces $16 Billion Community Benefits Plan With NCRC

From NCRC  Five-year reinvestment plan builds on bank’s work, targets resources of the proposed merged company on underserved communities   First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to…

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First-Time Homebuyers Get a Break

CRC co-sponsored AB 1199 imposes excise tax and accountability on large corporate landlords to increase opportunity for working class   SACRAMENTO, Calif — Assemblymember Mike A. Gipson (D-Carson) introduces Assembly Bill (AB) 1199, which seeks to create opportunities for first-time homebuyers and working families to own homes and build…

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