Sen. Limón Introduces Landmark Bill Addressing Inequity in Lending and Community Divestment by Financial Institutions

February 17, 2022 by

FOR IMMEDIATE RELEASE Sponsored by the California Reinvestment Coalition, the California Community Reinvestment Act  (SB1176) establishes a framework for evaluating the performance of financial institutions in meeting the needs of their communities. SACRAMENTO, CA –  Today, Sen. Monique Limón (D-Santa Barbara) introduced the California Community Reinvestment Act (Senate Bill…

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CRC Statement on FDIC’s Action to Review Bank Mergers

December 11, 2021 by

SAN FRANCISCO, Dec. 10, 2021 – CRC Executive Director Paulina Gonzalez-Brito issued the following statement today in response to the board of the Federal Deposit Insurance Corporation’s (FDIC) announcement to initiate a review of guidlines on bank mergers. “We applaud the FDIC’s move to review guidlines on bank mergers….

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CRC, The Greenlining Institute, and Banc of California Announce $1.4 Billion Community Benefits Agreement

October 06, 2021 by

SAN FRANCISCO, Oct. 6, 2021 – Banc of California, the California Reinvestment Coalition (CRC), and The Greenlining Institute announced today a $1.4 billion, five-year community benefits agreement that will increase financial resources to low- and moderate-income people and communities throughout California. Under the agreement, Banc of California will institute…

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