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,…
Read MoreSenate COVID-19 Response Package Falls Well Short of What’s Required to Protect Our Communities
SAN FRANCISCO, March 26, 2020 – The United States Senate recently passed a coronavirus response package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, intended to provide health resources and economic relief in the wake of the COVID-19 pandemic. California Reinvestment Coalition Executive Director Paulina Gonzalez-Brito issued the…
Read MoreCalifornia Coalition Demands that the Office of the Comptroller of the Currency Freeze Community Reinvestment Act Public Rulemaking Underway Amidst the COVID-19 Public Health Crisis and Push for More Resources Dedicated for Response
SAN FRANCISCO, March 19, 2020 –The emerging COVID-19 epidemic is a massive threat to the health and safety of the public; imperiling the health of many people in the United States and disrupting the daily life of everyone. It’s impacts will last for months. We are in a drastically…
Read MoreBREAKING: Lawsuit Compels Trump Administration to Commit to Finalizing Protections Against Lending Discrimination
SAN FRANCISCO, February 26, 2020 –For Years, CFPB Unlawfully Stalled Progress on Info Needed to Help Women-Owned, Minority-Owned & Small Businesses Access Credit In Milestone Settlement, CFPB Agrees to Enforceable Deadlines and Court Status Reports on Progress Toward Collection & Disclosure of Small Business Lending Data Administration Reversed Course…
Read MoreCRC statement on Extension of CRA comment period
SAN FRANCISCO, February 21, 2020 –Paulina Gonzalez, the Executive Director of the California Reinvestment Coalition issued the following statement in response to today’s news that OCC Comptroller Joseph Otting Office is going to extend the comment period on the proposed CRA rule for an additional 30 days: “When asked…
Read MoreCRC to Share Findings of Fake Public Comments During ‘Too Big to Fail’ Merger under OCC Comptroller Joseph Otting’s Tenure as Bank’s CEO
SAN FRANCISCO, February 5, 2020 – CRC and Public Citizen Call for Investigation and Full Accounting of AstroTurf Campaign During Otting’s Tenure Prior to CRA RuleMaking Process Public Comment Washington D.C. – On Thursday, February 6th, 2020, The House Financial Services will hold a hearing “Fake It Till They…
Read MoreCalifornia Reinvestment Coalition Welcomes Governor Newsom’s Efforts to Revamp the California Department of Business Oversight to Better Protect Consumers and Borrowers
SAN FRANCISCO, January 10th, 2020 – Today Governor Newsom announced a major overhaul of the California Department of Business Oversight in his 2020-2021 budget proposal to better protect consumers in light of the Trump administration’s effort to undermine the Consumer Financial Protection Bureau (CFPB). Newsom has proposed to create…
Read MoreCRC 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…
Read MoreCalifornia 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…
Read MoreCoalition 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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