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…

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…

CRC Fact Sheet CFPB Complaints Against OneWest

CRC Fact Sheet CFPB Complaints Against OneWest

CRC Fact Sheet Joseph Otting Record at OneWest Bank

CRC Fact Sheet Joseph Otting Record at OneWest Bank

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…

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…

Charging Ahead: California Reinvestment Coalition responds to Trump’s cruel immigration changes that targets and punishes low-income immigrants

SAN FRANCISCO, August 12, 2019 – Today the Trump administration pre-published a final Department of Homeland Security (DHS) rule that makes it harder for immigrants in the United States with authorized status who rely on government programs like food stamps and subsidized housing to obtain permanent immigration status, otherwise…

Over $100 Million to Go to Southern California Communities as a Result of Advocacy Group’s Anti-Redlining Complaint Against Bank Formerly Chaired by Trump Official

SAN FRANCISCO, July 29, 2019 – Today The California Reinvestment Coalition (CRC) and CIT/OneWest Bank announced a fair housing agreement around redlining allegations in Southern California. CRC alleged OneWest redlined Southern California communities by discriminating against residents living in neighborhoods of color in its branch locations, and discriminating in the…

CIT and CRC Reach Conciliation Agreement

SAN FRANCISCO, July 29, 2019 – CIT Bank, N.A, and its retail bank division OneWest Bank, have reached a conciliation agreement with the California Reinvestment Coalition (CRC), which was approved by the U.S. Department of Housing and Urban Development (HUD) related to a fair housing complaint filed with HUD…

Trump’s Housing Council: Another Land Grab from Communities of Color

SAN FRANCISCO, June 26, 2019 – Paulina Gonzalez-Brito, executive director of the California Reinvestment Coalition, released this statement in response to the White House’s announcement yesterday of a new council focused on affordable housing:

“Let’s not pretend anybody serving in this administration has ever truly cared about affordable housing or…