It’s clear: Transparency wins

May 23, 2024 by An image of Sen. Durazo speaking Tuesday, May 21 at the Senate Floor hearing. After a years-long fight, SB 1201 moves forward to the California State Assembly By Madison D'Ornellas, Communications Specialist In early April, then mid-April, and then finally in late-May our coalition held our breath during each senate committee vote as Rise Economy and bill cosponsors Public Advocates watched the LLC Transparency Act (SB 1201) fly over...
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California Coalition applauds Supreme Court decision in favor of the consumer protection agency; decries ongoing industry attacks on consumer protection, civil rights, climate justice

May 16, 2024 by In response to the Supreme Court’s decision in the case of CFPB v CFSA, Rise Economy CEO Paulina Gonzalez-Brito and Chief of Legal and Strategy Kevin Stein issued the following statement on behalf of Rise Economy and its 300 plus member organizations: “We are gratified to see the Supreme Court make the reasoned and only...
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California Coalition Applauds Rare, Failing Reinvestment Grade for City National Bank (CNB): Rise Economy says CNB and its Royal Bank of Canada (RBC) parent are bad for California communities due to redlining and fossil fuel finance practices

May 13, 2024 by An image of a City National Bank building. In response to the recent release by the Office of the Comptroller of the Currency (OCC) of an extremely rare “Needs to Improve” reinvestment rating for City National Bank, Rise Economy CEO Paulina Gonzalez-Brito issued the following statement: “We are pleased to see the OCC, the national bank regulator, finally use the Community Reinvestment Act...
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Case Study: A Home for Formerly Unhoused Veterans

May 10, 2024 by Officials and organizers cut the ribbon for the Whittier Place II housing development in January 2024. In early 2021, the East LA Community Corporation (ELACC), a Rise Economy member based in Boyle Heights, initiated the construction of Whittier Place II. This project, completed last year at a cost of $24 million, is a 34-unit Permanent...
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Case Study: Promotores Workshops

May 10, 2024 by Rise Economy collaborated with LINC Housing in Los Angeles to offer a financial awareness series aimed at fostering a positive mindset toward money. Initially, participants, including onewe'll call Gabriela, were skeptical of the workshop's benefits. The facilitator, Ms. Julia, shared her personal experiences with financial challenges, setting a tone of authenticity and empathy from the...
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Rise Economy to Host Inaugural Action and Advocacy Conference

April 25, 2024 by This dynamic event will see social justice groups, activists, advocates, policymakers and community leaders gather for an inspiring two-day experience. LOS ANGELES, April 25, 2024  — Rise Economy, a leading statewide economic, housing and racial justice nonprofit organization, is proud to announce it will host its first-ever conference, the Action and Advocacy Conference, on Nov....
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Rise Economy and Members Meet with Federal Officials to Discuss Needs, Concerns

March 29, 2024 by The series of meetings were part of NCRC’s annual virtual Advocacy Week. Rise Economy and dozens of representatives from its member organizations met with elected officials and representatives from federal financial regulatory agencies this week to discuss current legislation as well as several pressing topics ranging from Bank Merger Act reform to CRA modernizations.  The...
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The Bank Rundown: March 2024

March 14, 2024 by "The WaFdl/Luther Burbank merger should not have been approved, and certainly not without significant conditions." By Kevin Stein, Chief of Legal and Strategy Sorry (insert bank name), I almost did not see you there hiding behind the ABA In recent months, banking trade groups have harmfully turned to litigation and lobbying in an attempt to...
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Rise Economy Applauds CFPB’s credit card late fee rule

March 05, 2024 by

In response to the Consumer Financial Protection Bureau’s (CFPB) finalized rule cutting excessive credit card late fees by closing a loophole exploited by large card issuers, Rise Economy Chief Executive Officer Paulina Gonzalez-Brito today released the following statement. “We applaud the CFPB for putting working families first by limiting…

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