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regulators, bankers, and community advocates will speak at a meeting today focused on identifying regulations that are outdated, unnecessary, or unduly burdensome.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 MoreCRC 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 MoreCFPB 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 MoreCalifornia 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 MoreCRC Joins Americans for Financial Reform, 200+ Orgs. Calling for Changes at Fannie and Freddie
CRC Joins Americans for Financial Reform, 200+ Orgs. Calling for Changes at Fannie and Freddie EIGHT YEARS INTO THE CRISIS, POLICY IS STILL HURTING HOMEOWNERS San Francisco, CA-November 7, 2014–Nearly a year into his tenure as director of the agency that oversees Fannie Mae and Freddie Mac, Mel Watt…
Read More41 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…
Read More50 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…
Read MoreCoalition 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…
Read MoreCommunity 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…
Read MoreCommunity 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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