Press Releases

Coalition of Community Groups Opposes Banc of California Acquisition of 20 Banco Popular Branches

Coalition of Community Groups Opposes Banc of California Acquisition of 20 Banco Popular Branches Advocates Urge Regulator to Hold Community Meetings to Get Input July 14, 2014—Los Angeles: Citing concerns about potential community impacts, the California Reinvestment Coalition is urging the Office of the Comptroller of the Currency to…

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Fresno City Council Approves Ordinance to Restrict Payday Lenders

Fresno City Council Approves Ordinance to Restrict Payday Lenders Fresno, CA, June 26, 2014- The City of Fresno passed an ordinance to restrict the growth of new payday loan stores in the city today. The vote came after over a year of campaigning by local faith leaders, community-based organizations…

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Coalition Urges Dept. of Justice to Require More Transparency in Settlement with Bank of America

Coalition Urges Dept. of Justice to Require More Transparency in Settlement with Bank of America Bank Should Publicly Report Local Data to Ensure Equal Access to Settlement San Francisco, CA-June 12 , 2014- As the US Department of Justice reportedly negotiates an agreement with Bank of America over soured…

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New Report Finds Ongoing Servicer Mistakes Push Homeowners to Foreclosure

New Report Finds Ongoing Servicer Mistakes Push Homeowners to Foreclosure Problems include servicing transfers, Single Points of Contact not working, and widows facing red-tape. San Francisco, CA: May 20, 2014- A new survey of housing counselors and attorneys finds homeowners are facing unreasonable delays, numerous obstacles, and servicer run-arounds…

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Asset Building Program and Partners Recommend Best Practices for TANF Payment Card Contracts

Asset Building Program and Partners Recommend Best Practices for TANF Payment Card Contracts WASHINGTON, DC – Earlier this week, New America’s Asset Building Program, the Center for Law and Social Policy (CLASP) and the California Reinvestment Coalition (CRC), submitted a letter urging the Consumer Financial Protection Bureau (CFPB) and…

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New Report: California Spends $19 Million in Public Assistance on ATM Fees Annually

New Report: California Spends $19 Million in Public Assistance on ATM Fees Annually Advocates Call for Reform of CalWORKs Distribution March 25, 2014– California: A new report released today by the California Reinvestment Coalition reveals that in 2012, over $19 million of state funds meant for family household needs…

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80 Organizations Ask Federal Gvt. to Address Investor Cash Flooding Into Neighborhoods

80 Organizations Ask Federal Gvt. to Address Investor Cash Flooding Into Neighborhoods Regulators Should Act Now to Protect First-Time Homebuyers, Renters, and Communities March 4, 2014-California: Eighty organizations are calling on federal regulators to address first-time homebuyers being outbid, tenants being displaced, and neighborhoods undergoing dramatic changes as private…

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New Report Finds 60% Drop in Small Business Lending

New Report Finds 60% Drop in Small Business Lending San Francisco- December 23- The California Reinvestment Coalition released a report today finding that California’s small businesses are struggling because the nation’s largest banks, who severely restricted small business lending in 2008, continued this trend through 2013, cutting off access…

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Confirmation of Representative Mel Watt Important Step Forward for Housing Recovery

Confirmation of Representative Mel Watt Important Step Forward for Housing Recovery December 10, 2013–In response to today’s Senate vote to confirm Representative Mel Watt as the next director of the Federal Housing Finance Agency, Kevin Stein, Associate Director of the California Reinvestment Coalition, released this statement: “The California Reinvestment…

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Fresno City Council Votes to Move Forward on Restricting Payday Lenders

Fresno City Council Votes to Move Forward on Restricting Payday Lenders Fresno- November 22- The Fresno City Council voted yesterday to move forward on the legislative process to enact an ordinance restricting new payday lenders in the city. If enacted, the ordinance would require lenders to obtain a conditional…

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