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 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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Rise Economy Issues Statement on Bank Lobbyists Lawsuit

February 07, 2024 by

The press release from the American Bankers Association, U.S. Chamber of Commerce, Independent Community Bankers of America and other trade groups, on behalf of their banking and corporate members, announced a lawsuit challenging newly enacted Community Reinvestment Act rules that would result in increased support for affordable housing and…

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Rise Economy Responds to Gov. Newsom’s Proposed 2024 Budget

January 11, 2024 by BIPOC, LMI Communities set to bear the brunt of deep cuts to climate change, affordable housing programs. SAN FRANCISCO — In response to California Gov. Gavin Newsom’s 2024 proposed budget announcement Wednesday, Rise Economy Chief Executive Officer Paulina Gonzalez-Brito released the following statement:  While acknowledging the challenges posed by California’s potential $37.9 billion deficit, we...
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Rise Economy and Central Valley Community Bancorp Announce Comprehensive Community Benefits Commitment

January 04, 2024 by

LOS ANGELES, Jan 4, 2024 – Rise Economy (formerly the California Reinvestment Coalition) and Central Valley Community Bancorp (the Company), the parent company of Central Valley Community Bank (CVCB), announced today a comprehensive community benefit commitment that aims to foster economic vitality through targeted initiatives that include the support…

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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...
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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…

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