Years in the making, community groups call the joint Community Reinvestment Act Rules a ‘lost opportunity to close racial wealth gaps, while acknowledging reinvestment advancements’ SAN FRANCISCO, Oct. 24, 2023 — After a lengthy multi-year review process and a lawsuit led by Democracy Forward on behalf of Rise Economy (formerly the California Reinvestment Coalition) and... 
A landmark civil rights law that established a pathway to stability, wealth-building for communities of color, but still needs improvements By Paulina Gonzalez-Brito, Chief Executive Officer Today, we celebrate 46 years of the enactment of the Community Reinvestment Act (CRA), a pivotal piece of legislation enacted to address banking marginalization and discriminatory lending practices. Considered... 
Rise Economy facilitated a conversation with CRA champions on what it takes to move legislation to the finish line By Madison D’Ornellas, Digital Communications Associate Rise Economy on Wednesday brought together fellow economic and housing justice advocates to discuss the pathways toward a California-specific, stronger Community Reinvestment Act (CRA),…
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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 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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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….
Continue Reading →After a busy bank merger season in 2021, the pace continues in 2022. In addition to engaging on megabank mergers, we hope to restart meetings with banks that are not going through mergers. Check out what’s happening below and reach out to find out how to get involved. U.S….
Continue Reading →Download the full letter → Read the press release → Jerome Powell, Chairman Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue N.W. Washington, D.C. 20551 Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th St SW, Washington, DC…
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By Symone Jackson Immediately following the 2016 election, immigrant rights advocacy groups like the California Reinvestment Coalition (CRC) began hearing complaints from people who expressed fears about facing discrimination, and in some cases, deportation, due to an increasingly hostile, anti-immigrant political climate. In response, CRC launched the Here to…
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Serial evictor landlords do not operate alone. By accessing funding from banks and other lenders, they are able to purchase property, and in turn, evict renters.
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The Bank Rundown: November 2023
Rise Economy Announces Additional $6.5B Commitment…
Rise Economy Recognizes Star Advocates, Community …
Photos: 2023 Southern California Equitable Futures…
Rise Economy Applauds CFPB’s $25.9M Fine on Citiba…
Rise Economy Responds to Bank Regulators’ Final CR…
What’s So Special About Special Purpose Credit Pro…
The Bank Rundown: October 2023
Celebrating 46 Years of the Community Reinvestment…
Significant Moments from 37 Years of Rise Economy