Rise Economy Responds to Bank Regulators’ Final CRA Rule

October 24, 2023 by 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...
Read moreContinue Reading →

As Supreme Court Decides Fate of CFPB and the U.S. Financial Regulatory System, over 100 Community Groups Still Await Answers: Only 15% of Bank CEOs Respond to Questions Posed on CFPB and Other Critical Values

October 03, 2023 by

October 3, 2023 San Francisco: Today the Supreme Court will hear oral arguments in the case, Consumer Financial Protection Bureau v. Consumer Financial Services Association of America (CFPB v CFSA), in which payday lenders are challenging the constitutionality of the Consumer Financial Protection Bureau’s (CFPB’s) funding structure. The outcome…

Continue Reading →

Rise Economy to host Equitable Futures Awards in Los Angeles

September 29, 2023 by

Grady B. Hedgespeth, Assemblymember Isaac Bryan and the Esperanza Community Housing Corporation to be recognized at annual fall event.   LOS ANGELES, Sept. 29, 2023 — Rise Economy, formerly the California Reinvestment Coalition (CRC), will continue its annual tradition of celebrating the people and organizations that are making a…

Continue Reading →

Rise Economy and 100 Organizations Urge Bank CEOs to Make Good on Anti-Discrimination, Racial Wealth Gap Closing Comments

September 06, 2023 by

For Immediate Release Sept. 7, 2023 Media Contact: Brian M. Maxey bmaxey@rise-economy.org, 510-813-7552   ‘We are urging CEOs of major banking institutions to explicitly state their positions on these crucial issues and to reform their lobbying and litigation tactics’   SAN FRANCISCO – Rise Economy, formerly the California Reinvestment…

Continue Reading →

New Rise Economy Report Shows How Banks Used PPP Funds to Finance the Oil and Gas Industry, Collect Millions in Fees

August 10, 2023 by

FOR IMMEDIATE RELEASE   Media Contact Brian Maxey, bmaxey@rise-economy.org, 510-813-7552 Money trail shows banks financed climate change with funds meant for vulnerable small businesses; Small Tri Counties Bank identified as top PPP lender to oil and gas operations in California; Chase and Well Fargo identified as top national lenders….

Continue Reading →