Supreme Court’s Chevron doctrine decision favors corporations, undermines regulatory oversight

July 12, 2024 by In response to the Supreme Court’s recent rulings in Loper Bright Enterprises v. Raimondo and Relentless v. Department of Commerce, which effectively overturns the Chevron doctrine, Rise Economy Chief Executive Officer Paulina Gonzalez-Brito issued the following statement: “Federal rules and enforcement activities protect the rights, opportunities and quality of life of consumers, homeowners, residents, small...
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Rise Economy, Supporters Submit Comments to Bank Regulators on Bank Merger Reform

June 17, 2024 by Rise Economy, alongside 21 California-based nonprofit and advocacy organizations, submitted comments to bank regulators on Friday, June 14, regarding the bank merger process. About the merger, Rise Economy Chief of Legal and Strategy Kevin Stein said, "California community groups are tired of bank mergers that result in lost jobs, closed branches, less investment, higher fees,...
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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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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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