Press Releases

California Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking Bill to Create a California State Bank

FOR IMMEDIATE RELEASE July 9th, 2020 Media Contacts Fermin Vasquez, 213-924-7661, press@calreinvest.org California Reinvestment Coalition Sam Lew, 415-272-8022, slew@lccrsf.org California Public Banking Alliance Lawyers’ Committee for Civil Rights of the San Francisco Bay Area, Communications Manager ***PRESS RELEASE*** California Public Banking Alliance and Assemblymembers Santiago and Chiu Introduces Groundbreaking…

Waters’ and Meeks’ Resolution to Reverse the OCC’s Harmful Rule Undermining the Community Reinvestment Act Passes the House. Statement by CRC Executive Director Paulina Gonzalez-Brito

FOR IMMEDIATE RELEASE June 30th, 2020 Press Contact Fermin Vasquez press@calreinvest.org 213-924-7661 Washington D.C.- H.J. Resolution 90, a Congressional Review Act resolution of disapproval to nullify the Office of the Comptroller of the Currency’s (OCC’s) harmful Community Reinvestment Act rule introduced by Congresswoman Maxine Waters (D-CA), Chairwoman of the…

Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules

The National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).

CRC Statement on the murder of George Floyd

We call for the defunding of police by the state. We call for investment in housing, jobs, education, and small businesses in communities of color.

Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”

SAN FRANCISCO & WASHINGTON, May 21, 2020 – The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA). Yesterday,…

Top Banking Regulator Joseph Otting to Resign Leaving Redlining Legacy in CRA Final Rule

SAN FRANCISCO, May 20, 2020 – The Office of the Comptroller of the Currency finalized problematic changes to the Community Reinvestment Act (CRA), a decades-old civil rights law, just five weeks after receiving more than 7,000 public comments on its proposal. Community groups fiercely opposed the proposed modifications, providing…

California Legislature Debates Extending Predatory Loan Pilot Program Targeting Communities of Color

SACRAMENTO, May 19th, 2020 – The Assembly Finance and Banking Committee heard arguments on extending Assembly Bill 2196, the Pilot Program for Increased Access for Responsible Small Dollar Loans. Started in 2014, the program was designed to increase consumer’s access to capital by encouraging a more robust small dollar…

California Reinvestment Coalition, Democracy Forward Seek Records on Trump Administration’s Paycheck Protection Program

WASHINGTON, May 12th, 2020 – Democracy Forward and the California Reinvestment Coalition filed a Freedom of Information Act request for all records on the guidance the Office of the Comptroller of the Currency (OCC) provided financial institutions for tracking how loans were distributed to small businesses owned by women…

Advocates Call for Monitoring to Ensure Relief is Reaching Immigrant Owned and Small Businesses of Color

SAN FRANCISCO, April 14, 2020 – Small business owners, non-profit lenders, and the California Reinvestment Coalition comprised of over 300 community organizations share concerns that capital relief from the stimulus bill (also called the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act) is not supporting some…

Over 100 California Community Organizations and Leaders Call for Banking Regulators to Stop Planned Revamp of Anti-Redlining Law during COVID19 Crisis

SAN FRANCISCO, April 6, 2020 – Worker, Housing, and Small Business advocates call on all resources to be dedicated to saving lives and responding to Coronavirus San Francisco–Amongst an unprecedented public health crisis that threatens hundreds of thousands of lives, as small businesses are shuttered across California and the nation,…