CRC Announces 2nd Racial and Economic Justice Cohort

The California Reinvestment Coalition is pleased to announce that it has selected 10 working professionals for its 2022 Racial and Economic Justice Cohort, an eight-month training program meant to help equip senior and mid-senior leaders with the skills to help their organizations undue the unequal distribution of wealth in…

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Sen. Limón Introduces Landmark Bill Addressing Inequity in Lending and Community Divestment by Financial Institutions

FOR IMMEDIATE RELEASE Sponsored by the California Reinvestment Coalition, the California Community Reinvestment Act  (SB1176) establishes a framework for evaluating the performance of financial institutions in meeting the needs of their communities. SACRAMENTO, CA –  Today, Sen. Monique Limón (D-Santa Barbara) introduced the California Community Reinvestment Act (Senate Bill…

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Applications are open for CRC’s Racial and Economic Justice program

LOS ANGELES – Working professionals representing organizations committed to deepening their commitments to racial and economic justice are invited to apply to the California Reinvestment Coalition’s 2022 Racial and Economic Justice (REJ) Cohort, a training program meant to help undue the unequal distribution of wealth in California and address…

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CRC Welcomes Inaugural Resilience Fund Cohort

Eleven nonprofit organizations to receive grant funding, resources under this $4.5 million collaborative between the California Reinvestment Coalition, the San Francisco Foundation, banks and foundations.   LOS ANGELES, Feb. 7, 2022 — Eleven nonprofit organizations from California with ambitions of changing the way capital reaches communities of color have…

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CRC comments on the announcement of public hearing for U.S. Bank-Union Bank Merger

San Francisco – In response to an announcement earlier today that the Federal Reserve and the Office of the Comptroller of the Currency (OCC) will hold a joint public hearing about the proposed bank merger of Union Bank into U.S. Bank, Chief of Legal and Strategy Kevin Stein released…

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CRC, Partners Submit Comment Letter on Section 1071

SAN FRANCISCO – The California Reinvestment Coalition along with more than 60 California-based organizations last week submitted a comment letter to the Consumer Financial Protection Bureau on the proposed Section 1071 small business data collection rule. The rule would require the Consumer Financial Protection Bureau to collect critical data…

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Community Reinvestment Groups Commend Repeal of Disastrous Trump-era CRA Rule Changes

In response to the OCC’s rescission of its Trump-era 2020 Community Reinvestment Act rule, the National Community Reinvestment Coalition and the California Reinvestment Coalition agreed to dismiss their lawsuit challenging the rule.

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CRC Statement on FDIC’s Action to Review Bank Mergers

SAN FRANCISCO, Dec. 10, 2021 – CRC Executive Director Paulina Gonzalez-Brito issued the following statement today in response to the board of the Federal Deposit Insurance Corporation’s (FDIC) announcement to initiate a review of guidlines on bank mergers. “We applaud the FDIC’s move to review guidlines on bank mergers….

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CRC Statement on Kyle Rittenhouse Verdict

The Kyle Rittenhouse verdict shows us that the United States will uphold white supremacy. Sadly, this is the legacy of our nation — one that legitimizes and validates violence against Black people.

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CRC and Over 60 Organizations Submit Letter Opposing U.S. Bancorp-MUFG Union Bank Merger

The California Reinvestment Coalition along with 50 community-based organizations on Monday submitted a comment letter to bank regulators formally opposing the proposed merger of U.S. Bancorp and MUFG Union Bank unless the banks make significant community reinvestment commitments.

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