Press Releases

CRC to Testify Before Congress

SAN FRANCISCO, January 10, 2020 – On Tuesday, January 14th 2020, the House Financial Services Subcommittee on Consumer Protection and Financial Institutions will hold a hearing, “The Community Reinvestment Act: Reviewing Who Wins and Who Loses with Comptroller Otting’s Proposal” at 2pm EST at Room 2128 at the Rayburn House…

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California Coalition Deeply Concerned about Trump’s Banking Regulator’s Latest Effort to Undermine Anti-Redlining Law, the Community Reinvestment Act

SAN FRANCISCO, Dec 13, 2019 — Today the Trump administration’s appointed banking regulator, Joseph Otting of the Office of the Comptroller of the Currency (OCC) has spearheaded changes that will significantly weaken the landmark anti-redlining law and harm low-income communities across the country. The Community Reinvestment Act (CRA), the…

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Coalition of Community Orgs Seeks Records on Trump Administration’s Attempt to Silence Opposition to Gutting Anti-Redlining Rules

SAN FRANCISCO, December 11, 2019 – Administration Publicly Criticized Groups That Opposed Proposed Changes to Community Reinvestment Act Top Official Told California Reinvestment Coalition to Alter Public Statements Against New Rules Freedom of Information Act Request Filed Ahead of FDIC Vote on CRA Rules Washington, D.C. — Today, Democracy…

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Small Business Owners, Community Groups Fight Back as CFPB Continues Unlawful Delay of Anti-Discrimination Lending Protections

SAN FRANCISCO, November 26, 2019 – CFPB Unlawfully Halted Progress Toward Collecting Data on Small Business Lending While Groups’ Lawsuit Forced Administration to Say it Will Move Forward, the Unreasonable and Unlawful Delay Harms Small Business Owners Ahead of Small Business Saturday, Business Owners Demand Assurances, Arguing Near-Decade Delay…

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In Face of Lawsuit, Trump Administration Holds Nov. 6th Symposium on Small Business Lending

SAN FRANCISCO, November 6, 2019 – Groups, Business Owners Suing CFPB for Illegally Halting Progress on Lending Protections Speak Out Against Forum Stacked With Financial Institution Reps Washington, D.C.— In the face of a federal lawsuit, the Consumer Financial Protection Bureau is scrambling to manufacture support for its failure…

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California Reinvestment Coalition, National Community Reinvestment Coalition and CIT Announce $7.75 Billion Community Benefits Plan  

NEW YORK – CIT Group Inc. (NYSE: CIT) today announced a community benefits plan developed in collaboration with the California Reinvestment Coalition (CRC) and the National Community Reinvestment Coalition (NCRC) that builds on the combined work of its banking subsidiary CIT Bank, N.A. (CIT Bank) and that of Mutual…

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CRC Fact Sheet CFPB Complaints Against OneWest

CRC Fact Sheet CFPB Complaints Against OneWest

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CRC Fact Sheet Joseph Otting Record at OneWest Bank

CRC Fact Sheet Joseph Otting Record at OneWest Bank

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CRC Statement on the passing of U.S. Representative Elijah Cummings, a Civil Rights Giant and Champion for Households of Color in Baltimore and Beyond

SAN FRANCISCO, Oct 17, 2019 — Representative Elijah E. Cummings, a son of sharecroppers, died today in Johns Hopkins Hospital in Baltimore. He was 68. Mr. Cummings served in the Maryland House of Delegates for 14 years. In Congress, he was named to the Oversight panel and became a…

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CRC applauds efforts by community leaders, lawmakers and Governor Newsom for signing into law a bill that curbs the power of payday lenders in California

SAN FRANCISCO, Oct 11, 2019 – Yesterday, California Governor Gavin Newsom signed into law Assembly Bill 539, the Fair Access to Lending Act. This legislation will prohibit the practice of charging unaffordable interest rates on consumer loans of $2,500 – $10,000. Existing law does not limit the interest rate…

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