Virtual Broadband Forum screenshot

CRC Co-hosts Interagency Forum on Rural Broadband Access

The California Reinvestment Coalition, the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and representatives from state agencies, community groups, US Bank and Citizen’s Business Bank held a virtual forum Tuesday to discuss the realities rural…

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Screen capture of joint virtual public hearing

CRC, Community Groups Voice Opposition to the Proposed BMO Harris-Bank of the West Merger at Public Hearing

A poor lending track record to Black and Latine/x borrowers, hundreds of loans made to predatory corporate landlords, and a lack of adequate scrutiny were among the issues CRC along with dozens of other nonprofits and community-based organizations brought to the attention of federal banking regulators Thursday, July 14…

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California Capitol Building.

California Needs a State CRA for a More Fair, Equitable Financial System

California Governor Gavin Newsom recently announced a historic $100 billion budget surplus and signed a $300 billion budget into law. At the same time, researchers published a detailed report on the widening racial wealth gap in the U.S., highlighting how wealth concentration and “the recent role of capital gains,”…

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CRC Meets with regulators, policymakers for Advocacy Week

The California Reinvestment Coalition and several of its member organizations met with elected officials and representatives from financial regulatory agencies last week as part of the National Community Reinvestment Coalition’s 2022 Just Economy Conference Advocacy Week. Each year, CRC convenes a California delegation to meet with DC-based regulators and…

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Black Liberation African American Flag balloons.

Juneteenth, a solemn remembrance and expression of Black joy

For just the second time ever on Monday, this country will celebrate Juneteenth as a national holiday. On this day, we recognize the strength and resilience of Black communities and acknowledge the continued struggle for liberation. Juneteenth is now a federal holiday, but it has been celebrated among Black…

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A panel of people

Finding “Just”: NCRC’s 2022 Just Economy Conference was a hub for old and new ideas on creating change

This week, the California Reinvestment Coalition, along with about 1,000 National Community Reinvestment Coalition members, staff and allies, attended the 2022 Just Economy Conference in Washington, D.C. After two years of virtual strategizing and mobilizing, NCRC members got to network and exchange ideas in person at the two-day event….

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Person purchasing Bitcoin

Q&A: Cryptocurrency 101 with CRC Promotora

Combat banking discrimination. Reduce financial disparities. Push the need for broadband access.  Opportunities like this can come with learning more about how we can utilize and track the movement of cryptocurrency, a decentralized, deregulated form of investing in, buying and selling online currency.  Don’t worry, we’ve done the seemingly…

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CRC, 20 Groups File Letter Opposing Proposed BMO Harris-Bank of the West Merger

CRC submitted the following letter to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve to announce its formal opposition to the proposed merger of BMO Financial Corp/BMO Harris Bank, N.A. and BancWest Holding Inc./Bank of the West.   Download the full…

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CRC Presents at Fair Housing Conference

CRC Research Analyst Jamie Buell on Wednesday presented at the Fair Housing Council of Riverside County’s 2022 Housing Conference: Housing Solutions Post Pandemic. The conference brought together policymakers, Realtors, nonprofits, financial lenders and government officials to tackle California’s pressing housing market issues, including using data-driven market analysis and current…

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CRC Executive Director Testifies in Support of Financial Institution Evaluation Bill

SB 1176 establishes a requirement that would enable the DFPI to evaluate the mortgage lending of financial institutions, creating greater equity in the financial industry. California Reinvestment Coalition Executive Director Paulina Gonzalez-Brito testified before the California Senate Budget and Fiscal Review Committee on Wednesday in support of SB 1176,…

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Timeline: U.S. Bank-Union Bank Merger Events

In November of 2021, the California Reinvestment Coalition officially opposed the proposed merger of U.S. Bank and Union Bank, which had been announced two months earlier. There has been a whirl of activity from CRC since. Take a look at the timeline below to recap more than six months…

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CRC, Community Members Express Opposition for U.S. Bank Merger at Public Hearing

Mergers may be good for corporations, but they’re rarely good for economic stability and financial equity for consumers — especially for Black, Indigenous and People of Color (BIPOC)  and low to moderate-income (LMI) communities.  That was the message delivered on Tuesday, March 8 by members of dozens of nonprofits,…

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