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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Community Groups Worry “Too Big to Fail” Merger between CIT Group and One West Will Fail Communities

Community Groups Worry “Too Big to Fail” Merger between CIT Group and One West Will Fail Communities COMMUNITY COALITION CALLS ON BANK REGULATORS TO ENSURE LARGEST BANK MERGER IN CALIFORNIA IN THE LAST TWO YEARS RESULTS IN COMMUNITY BENEFIT-NOT HARM September 16 2014—Los Angeles: Citing concerns about the impact…

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CRC Announces Support for Community Benefit Plan by Banc of California as Part of Banco Popular Branch Acquisition

CRC Announces Support for Community Benefit Plan by Banc of California as Part of Banco Popular Branch Acquisition BANC’S PUBLIC COMMITMENT WILL BENEFIT COMMUNITIES, CONSUMERS, AND SMALL BUSINESSES Los Angeles: September 4, 2014: The California Reinvestment Coalition (CRC), a coalition of over 300nonprofits working to increase access to banking…

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47 COMMUNITY ORGANIZATIONS URGE BANK REGULATOR TO ENSURE PUBLIC BENEFIT IN BANC OF CALIFORNIA ACQUISITION OF BANCO POPULAR BRANCHES

47 COMMUNITY ORGANIZATIONS URGE BANK REGULATOR TO ENSURE PUBLIC BENEFIT IN BANC OF CALIFORNIA ACQUISITION OF BANCO POPULAR BRANCHES Community Calls on the OCC to Deny Banc’s Application to Purchase Banco Branches until a Strong CRA Plan is in Place August 20–San Francisco: Banc of California is proposing to…

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Advocates Rally for Payday Loan Reforms as part of “Shark Week”

Advocates Rally for Payday Loan Reforms as part of “Shark Week” San Francisco, CA, August 13, 2014-Consumers, youth leaders and advocates are staging a demonstration at a Check ‘N Go storefront in downtown San Francisco today to raise awareness about a unique breed of sharks –financial predators offering payday…

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Big banks mislead customers about overdraft charges, new report shows

Big banks mislead customers about overdraft charges, new report shows Overdraft fees drive people out of banking system, product should be banned San Francisco July 31, 2014—Confusing information provided by the nation’s biggest banks is making it difficult for consumers to understand the real costs of overdraft and make…

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Citibank Settlement: Previous Settlements Highlight Access and Transparency Problems

Citibank Settlement: Previous Settlements Highlight Access and Transparency Problems July 14, 2014—Responding to reports of a final settlement between the US government and Citigroup, Inc,Kevin Stein, associate director of the California Reinvestment Coalition, released this statement: “We commend the Department of Justice and attorneys general for holding Citibank and…

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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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