National, State, Local Community Groups Rally Against Too-Big-To-Fail Bank Merger of OneWest and CIT Group at Federal Hearing

National, State, Local Community Groups Rally Against Too-Big-To-Fail Bank Merger of OneWest and CIT Group at Federal Hearing OVER 21,000 AMERICANS OPPOSE “TOO BIG TO FAIL” BANK MERGER- MARKING LARGEST BANK PROTEST IN US HISTORY Editor’s note: A summary and pictures from the rally are now available. Feb. 26th-…

Read More

New California Bill Clarifies that Widows are also Protected by California Homeowner Bill of Rights

New California Bill Clarifies that Widows are also Protected by California Homeowner Bill of Rights SMALL FIX WOULD HELP GRIEVING HOMEOWNERS WHEN WORKING WITH MORTGAGE SERVICERS February 9, 2015- Sacramento: Assemblymember Susan Talamantes Eggman has introduced AB 244,legislation that would strengthen the California Homeowner Bill of Rights (HBOR) by…

Read More

California Reinvestment Coalition Responds to News of Public Hearing for OneWest and CIT Group Merger

California Reinvestment Coalition Responds to News of Public Hearing for OneWest and CIT Group Merger February 6, 2015: San Francisco: In response to an announcement earlier today that the Federal Reserve and the Office of the Comptroller of the Currency, will hold public hearings about the proposed bank merger…

Read More

15,559 Americans Tell Federal Reserve “No Thanks!” on TBTF Bank Merger of CIT Group and OneWest Bank

15,559 Americans Tell Federal Reserve “No Thanks!” on TBTF Bank Merger of CIT Group and OneWest Bank PROPOSED BANK MERGER SETS NEW RECORD FOR NUMBER OF PEOPLE OPPOSING IT San Francisco, CA, Feb. 3, 2015: Yesterday, California community advocates, along with the Daily Kos,delivered over 15,000 petitions to the…

Read More

LA Community Leaders Gather at OneWest Bank HQ to Denounce Multi-Billion FDIC Subsidy

LA Community Leaders Gather at OneWest Bank HQ to Denounce Multi-Billion FDIC Subsidy FDIC HAS ALREADY PAID $1 BILLION TO ONEWEST, ESTIMATES IT WILL PAY $1.4 BILLION MORE December 16, 2014- Pasadena, CA: At a press conference today, LA community leaders will release new data that has not previously…

Read More

Is Congress Really Ready to Pass Legislation Written By A Citigroup Lobbyist?

Is Congress Really Ready to Pass Legislation Written By A Citigroup Lobbyist? December 10th- Washington DC- Bank watchdogs today called on Congress not to include a measure written by a Citigroup bank lobbyist that would undue critical protections included in the Dodd-Frank financial reform bill. Americans for Financial Reform,…

Read More

Community Advocates Urge Bank Regulators to Update Regulations (EGRPRA)

Community Advocates Urge Bank Regulators to Update Regulations (EGRPRA) Los Angeles- Dec 2, 2014: Bank regulators, bankers, and community advocates will speak at a meeting today focused on identifying regulations that are outdated, unnecessary, or unduly burdensome. The meeting is being held as part of the Economic Growth and…

Read More

CRC Proposes 5 Questions for Hearing With New York Fed President About One West Bank Merger

CRC Proposes 5 Questions for Hearing With New York Fed President About One West Bank Merger Los Angeles, CA- Nov 20, 2014- Disturbing reports about the New York Federal Reserve Bank deferring to the banks it is supposed to supervise has prompted the US Senate Committee on Banking, Housing,…

Read More

CFPB Prepaid Card Proposed Rules Are Positive For Consumers

CFPB Prepaid Card Proposed Rules Are Positive For Consumers San Francisco, CA- Nov 13, 2014. Yesterday, the CFPB proposed new rules for prepaid, payroll and government issued benefits cards. This is good news for California families. Prepaid cards are marketed as alternatives to bank accounts. While low cost, no…

Read More

California Advocates Urge Legislature and Congress Honor Vets by Protecting Them from Payday Lending Scams

California Advocates Urge Legislature and Congress Honor Vets by Protecting Them from Payday Lending Scams CRC AND CRL: HONOR VETS BY ADDRESSING PAYDAY LENDING SCAM San Francisco, CA- Nov. 10, 2014–As the nation marks Veterans Day tomorrow, leaders from Center for Responsible Lending and the California Reinvestment Coalition are…

Read More