41 California Organizations Urge CFPB To Increase HMDA Transparency

41 California Organizations Urge CFPB To Increase HMDA Transparency BETTER MEASUREMENTS NEEDED FOR HOME LOANS, MORTGAGE MODIFICATIONS, MULTI-FAMILY AFFORDABLE HOUSING, HELOCS FOR SMALL BUSINESS AND “ASIAN” CATEGORY San Francisco CA October 29, 2014- Today, 41 California organizations join with the California Reinvestment Coalition (CRC) in calling on the Consumer…

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50 Organizations Oppose Too Big To Fail Bank Merger in California

50 Organizations Oppose Too Big To Fail Bank Merger in California COMMUNITIES URGE REGULATORS TO HOLD HEARINGS IN LOS ANGELES Los Angeles- October 23, 2014—Fifty organizations submitted letters to the Office of the Comptroller of the Currency yesterday, opposing a Too Big To Fail Bank Merger of CIT Group…

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Coalition Asks Bank Regulators: “Is There Community Benefit In OneWest And CIT Group Bank Merger?”

Coalition Asks Bank Regulators: “Is There Community Benefit In OneWest And CIT Group Bank Merger?” REGULATORS MUST ASSURE A MORE ROBUST COMMUNITY BENEFIT AND REINVESTMENT PLAN IS CREATED BY BANK PRIOR TO APPROVAL OF MERGER October 17, 2014, San Francisco- As part of a five-day public awareness campaign, a…

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Community Advocates Ask: How Much Welfare Can One Bank Receive?

Community Advocates Ask: How Much Welfare Can One Bank Receive? BANK MERGER BREAKS NEW GROUND IN CORPORATE WELFARE October 16, 2014, San Francisco- As part of a five-day public awareness campaign, activists in California are asking bank regulators questions about possible impacts of a Too Big To Fail Bank…

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Community Groups Question OneWest’s Foreclosure Record As Part of Too Big To Fail Bank Merger

Community Groups Question OneWest’s Foreclosure Record As Part of Too Big To Fail Bank Merger THOUSANDS OF FORECLOSURES HAVE DESTABALIZED CALIFORNIA COMMUNITIES San Francisco October 15, 2014: As part of a five-day awareness campaign about the potential impacts of anew, Too Big To Fail bank merger, a nonprofit bank…

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Advocates Question If FDIC Loss-Share Agreements Should Continue As Part of CIT Group and OneWest Bank Merger

Advocates Question If FDIC Loss-Share Agreements Should Continue As Part of CIT Group and OneWest Bank Merger FDIC RESPONSE: “THE SUBJECT MATTER OF YOUR REQUEST IS NOT NOW OF INTEREST TO THE GENERAL PUBLIC” San Francisco October 14, 2014: As part of a five-day awareness campaign about the potential…

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5 Days of Unanswered Questions about Too Big to Fail Bank Merger with OneWest and CIT Group

5 Days of Unanswered Questions about Too Big to Fail Bank Merger with OneWest and CIT Group Bank Merger Would Benefit Investors, But What About Communities?San Francisco October 13, 2014: A nonprofit, bank advocacy coalition announced a new campaign today to increase the public’s awareness of a proposed bank…

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California Reinvestment Coalition Supports New DoD Military Lending Act Rules To Protect Military Families from Predatory Lending

California Reinvestment Coalition Supports New DoD Military Lending Act Rules To Protect Military Families from Predatory Lending San Francisco, CA: Oct. 6th-The California Reinvestment Coalition applauds the Department of Defense for issuing new proposed rules to protect service members and their families from predatory lending practices. Thenew rules, announced…

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California Reinvestment Coalition Urges Greater Transparency by Regulators in Merger Creating Too Big to Fail Bank

California Reinvestment Coalition Urges Greater Transparency by Regulators in Merger Creating Too Big to Fail Bank San Francisco, CA October 03, 2014- In light of the recent, disturbing This American Life episode (The Secret Recordings of Carmen Segarra) that suggests bank regulators are rubber-stamping bank deals, the California Reinvestment…

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New California State Law Will Address $19+ Million in ATM Fees Charged to CalWORKs Recipients

New California State Law Will Address $19+ Million in ATM Fees Charged to CalWORKs Recipients LAW WILL EQUIP CALIFORNIANS TO AVOID COSTLY ATM FEES Sacramento: September 30, 2014: Earlier this week, Governor Jerry Brown signed AB 1614, the EBT Protection and Empowerment Act, a bill sponsored by Assemblymember Mark…

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