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Rise Economy Response to Efforts to Gut the CRA

  Statement from Paulina Gonzalez-Brito, CEO of Rise Economy, on the FDIC and OCC’s proposed changes to Community Reinvestment Act (CRA) rules: “This latest proposal by the Trump Administration is

Why California Needs a State Public Bank: New research on financing gaps for housing, climate resilience, and community development

  In 2019, California passed AB 857, first-in-the-nation legislation allowing cities and counties to charter public banks to address capital needs for affordable housing, rural infrastructure, small business lending, and

Rise Economy Urges Stronger Antitrust Enforcement in California

  Doni Tadesse, Rise Economy’s Statewide Organizing Director recently testified before the California Law Revision Commission in support of the Commission’s Tentative Recommendation on Single Firm Conduct. The Commission is

Rise Economy Welcomes New Board Members

Rise Economy is excited to announce the addition of three seasoned economic justice leaders to our Board of Directors: Monte Jones, President & CEO of Logan Heights Community Development Corporation;

Photos: 2025 Southern California Equitable Futures Awards

More than 200 people came out to Rise Economy’s Southern California Equitable Futures Awards on Thursday, November 6th at Far Bar in Los Angeles. Every year at our awards events,

Photos: 2025 Northern California Equitable Futures Awards

More than 150 people came out to Rise Economy’s Northern California Equitable Futures Awards on Thursday, May 15 at Oeste Bar and Kitchen in downtown Oakland. The event recognizes the

NorCal Equitable Futures Awards Honors Champions of Justice in Oakland

Nearly 200 advocates, community leaders and organizers gathered in the heart of Oakland last Thursday for Rise Economy’s 2025 Northern California Equitable Futures Awards — an evening of celebration, reflection

ADUs are unlocking a new door for homeownership in the Inland Empire

A conversation with NPHS on how it leveraged CRA credit to fund its new homeownership pilot program. By Madison D'Ornellas, Communications Specialist As California’s affordable housing crisis deepens, an innovative

Advocates Gather to Discuss What’s at Stake for Consumer Protections and the Future of CA Communities

Webinar dives into escalating federal rollbacks and discusses the need for advocates to lead the fight to protect civil rights, consumer protections and economic justice. Facing a surge of coordinated

CalAccount Clears Two Major Hurdles in Sacramento

The votes helps clear a path for greater economic inclusion. In a major step forward for economic equity in California, AB 1365 —legislation that would create the nation’s first state-backed,

Asm. Bonta Introduces AB 801, the California Community Reinvestment Act

The Rise Economy co-sponsored bill will address growing wealth gap, expand access to affordable housing with strengthened obligations for financial institutions in California. SACRAMENTO, Calif. – Assemblymember Mia Bonta (D-Oakland)

Rise Economy Statement on Banking Agencies’ Announcement to Rescind 2023 CRA Final Rule

In response to the announcement made today by federal bank regulatory agencies regarding their intention to rescind the 2023 final rule of the Community Reinvestment Act (CRA) and to reinstate

Rise Economy and Members Take to Sacramento for Day of Advocacy

From public banking to a California CRA, Rise Economy members elevate urgent community needs. Rise Economy and nearly three dozen members from across California convened at the State Capitol Wednesday

Rise Economy Statement on Firing of CFPB Director Chopra

In response to the Trump Administration’s decision over the weekend to fire Rohit Chopra from his position as Director of the Consumer Financial Protection Bureau (CFPB), Rise Economy CEO Paulina

Rise Economy Issues Statement on the Trump Administration’s Federal Funding Freeze

Following Tuesday's announcement of a Trump Administration order freezing nearly all federal grants, loans and other financial aid — including funds for housing counseling programs, Community Development Block Grants, fair

Rise Economy Statement on MLK Day

Rise Economy CEO Paulina Gonzalez-Brito released the following statement for Martin Luther King Jr. Day: “Will we be extremists for hate or will we be extremists for love? Will we

Rise Economy Issues Statement on Los Angeles County Wildfires

In light of the series of wildfires that continue to burn across Los Angeles County, destroying thousands of structures, prompting evacuations and resulting in several deaths, Rise Economy Chief Executive

CFPB Saves Californians Millions with Final Rule on Overdraft Fees

Californians Must Urge Congress to Support the Cap on Junk Overdraft Fees LOS ANGELES, Dec. 13, 2024 — Consumers in California burdened by abusive overdraft fee practices will receive some relief

Photos: Action and Advocacy Conference 2024

Rise Economy held its first statewide conference, the Action and Advocacy Conference, and its annual Equitable Futures Awards on Nov. 13 and 14 in Los Angeles. The events brought together

Rise Economy Hosts its first state-wide conference

'This is not a moment to retrench. It’s a moment to be bold.' By Madison D'Ornellas, Communications Specialist During a sunlit yet crisp autumn week in Los Angeles, the hum

BIPOC-Led CDFIs in Rise Economy’s Resilience Fund Secure Prestigious Treasury Awards

BIPOC-Led CDFIs in Rise Economy’s Resilience Fund Secure Prestigious Treasury Awards By Yehwroe Martyn, Program Director, Resilience Loan Fund Several members of Rise Economy’s Resilience Fund (RF) cohort are celebrating

Bankrolling Climate Change and Redlining

The Royal Bank of Canada and City National Bank must stop the harm and start investing in economic prosperity. By Jamie Buell, Research Analyst Redlining, housing discrimination, and environmental racism

Rise Economy Issues Statement on Problematic Bill That Would Revoke Nonprofits’ Tax-Exempt Status

Rise Economy Chief Executive Officer Paulina Gonzalez-Brito issued the following statement today in response to the the passage of HR 9495 in the U.S. House of Representatives: We have just

Rise Economy Issues Statement on 2024 Election Results

"We refuse to back down from the challenge that now lies before us." In response to the results of the 2024 election, in which Donald J. Trump was elected once

Get Ready for the Action and Advocacy Conference

Here's What You Need to Know In a few short weeks, advocates, policymakers and community leaders will converge in Los Angeles for Rise Economy’s inaugural Action and Advocacy Conference. This

Rise Economy Members Speak out on Fossil Fuel Financing

California is experiencing a rise in troubling and intensifying climate change-related catastrophes. Royal Bank of Canada (RBC) and its subsidiary, City National Bank (CNB), have an outsized influence on the

Rise Economy Demands Top Fossil Fuel Financier Address Environmental Harm, Discriminatory Practices in New Report

Royal Bank of Canada and its subsidiary, City National Bank, are responsible for significant pollution and discrimination in California; Rise Economy calls for urgent action after the banks cancel a

Can Failing CRA Grades Stop Bad Banks? 

When the Office of the Comptroller of the Currency (OCC) handed City National Bank (CNB) a “Needs to Improve” rating under the Community Reinvestment Act (CRA) earlier this year, it

Building California’s Future One CBA at a Time

Innovative Housing and the Power of Reinvestment California is in the midst of an acute housing crisis, especially in cities like Los Angeles, where homelessness and affordable housing shortages continue

How the CRA and Community Benefits Agreements are Transforming Communities 47 years later 

By Paulina Gonzalez-Brito, Chief Executive Officer The fight for economic equity has historically been won through bold commitments, and few tools have proven as transformative as the Community Reinvestment Act

Commercial Bank of California Launches Expanded Statewide Community Support Program with Rise Economy

Five-Year Plan Will Support Underserved Communities Through New Funding, Lending Products, Investments and Programs FOR IMMEDIATE RELEASE Rise Economy Contact: Brian M. Maxey bmaxey@rise-economy.org 510.813.7552 CBC Contact: Nicole Inal Hutchinson

Julián Castro and Leah Rothstein to Deliver Keynote Addresses at Action & Advocacy Conference

LOS ANGELES,  Oct. 1, 2024 – Rise Economy is proud to announce that former U.S. Secretary of Housing and Urban Development Julián Castro and renowned housing policy advocate and author

Californians Will be Able to Count on CalAccount

The unfortunate reality is unbanked and underbanked families spend more time, money, and resources trying to access financial services. By Aliyah Shaheed, Northern California Organizers Rise Economy organizers testify in

Get to know Rise Economy’s 2024 EFA Honorees

Rise Economy's annual Equitable Futures Awards celebration kicks off the Action and Advocacy Conference.  This year’s Equitable Futures Awards — happening on Wednesday, Nov. 13 — recognizes the remarkable organizations

The Bank Rundown: September 2024

"Overall, we found this to be a problematic merger that was approved in a problematic fashion." By Kevin Stein, Chief of Legal and Strategy What Happened When We Sent a

Rise Economy Comments on Section 1071 Ruling

In response to a federal district court decision earlier this week to uphold Section 1071, a Consumer Financial Protection Bureau (CFPB) rule that requires lenders to collect and report demographic

Rise Economy Releases Report Advocating for a California State Public Bank

‘The Case for California's State Public Bank’ calls on policymakers to implement California's first state public bank, highlighting its potential to promote financial inclusion. For Immediate Release Media Contact: Brian

Rise Economy Testifies on Proposed Capital One-Discover Merger

On Friday, Rise Economy and advocates from across the country voiced concerns about the potential negative impact of Capital One's proposed acquisition of Discover during a public meeting held by

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

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

Rise Economy, Community Groups Call Out Banking Industry

More than 55 advocacy groups demand bank CEOs address discrepancies in statements against discriminatory practices and lobbying actions Led by Rise Economy, an alliance of more than 55 community, civil

Rise Economy, Supporters Submit Comments to Bank Regulators on Bank Merger Reform

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

Rise Economy Sends Letter to Bank CEOs Calling for End to Harmful Lobbying

Rise Economy on June 25 submitted the following letter to more than 40 Chief Executive Officers urging them to end harmful lobbying and litigation practices. This is the seconfd such

Photo Essay: The High cost of bank branch closures

A well-worn and frayed couch sits alone in an overgrown lot, a few feet away from a fallen chain-link fence. In the background, is a large and vacant house. In

Rise Economy Unveils 2023 Impact Report

Highlights from the nonprofit organization's first impact report include $10 billion in Community Benefits Agreements and $4.5 million distributed to BIPOC-Led CDFIs. Media Contact: Brian M. Maxey bmaxey@rise-economy.org, 510-813-7552 LOS

It’s clear: Transparency wins

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

California Coalition applauds Supreme Court decision in favor of the consumer protection agency; decries ongoing industry attacks on consumer protection, civil rights, climate justice

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

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

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

Rise Economy to Host Inaugural Action and Advocacy Conference

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

Rise Economy and Members Meet with Federal Officials to Discuss Needs, Concerns

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

Rise Economy, Members Take to Capital for Lobby Day

The day of action and advocacy saw Rise Economy meet with elected officials on housing, banking and accountability campaigns.  Rise Economy and members took to the state's capital Wednesday for

The Bank Rundown: March 2024

"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

Rise Economy Applauds CFPB’s credit card late fee rule

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

Rise Economy, Advocates Voice Support for CalAccount

CalAccount Blue Ribbon Commission hears from communities from across the state. Organized labor leaders and consumer financial advocates from across the state voiced their support for equitable banking services and

SB 1201 Introduced to Support Greater Transparency, Justice for Californians 

Sacramento, Calif.— Senator María Elena Durazo (D-Los Angeles) introduced SB 1201, the Limited Liability Corporation (LLC) Owner Transparency Act, to require the owners of businesses held in LLCs and similar

Rise Economy Issues Statement on Bank Lobbyists Lawsuit

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

The Bank Rundown: January 2024

“If you are not at the table, you are on the menu.” By Kevin Stein, Chief of Legal and Strategy Who says Community Benefits commitments are just for big banks?

Rise Economy Responds to the Release of the CFPB’s New  Overdraft Rule Proposal

In response to the new overdraft rule released today by the Consumer Financial Protection Bureau (CFPB), which aims to restore balance between American families and big financial institutions and prevent

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

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

Joining the Call for an Immediate and Permanent Ceasefire in Gaza

Rise Economy’s work is built on decades of solidarity between Jewish, Black, Asian and Brown communities, including Muslim Americans. Together we have picketed in anger, protested to ensure the voices

Rise Economy and Central Valley Community Bancorp Announce Comprehensive Community Benefits Commitment

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

Embracing Resilience: A Journey of Innovation, Unity and Empowerment

Lessons learned from a one-of-a-kind pilot program. By Yehwroe S. Martyn, Program Director, Resilience Loan Fund Our two-year pilot program, the Resilience Fund, recently wrapped up. And while the conclusion

Rise Economy Staff Members Ready to Resist, Reinvest, Rebuild in 2024

'In 2024, we plan to take (our accountability) work to the next level.' By Madison D'Ornellas, Digital Communications Associate From adopting a new brand and name to negotiating more than

The Bank Rundown: November 2023

"We are disappointed by this concerning discovery and thankful for the vigilance of the CFPB." By Kevin Stein, Chief of Legal and Strategy A tale of two (failed bank emergency)

Rise Economy Announces Additional $6.5B Commitment from First Citizens Bank for Communities

The multibillion-dollar amendment builds on First Citizens’ existing Community Benefits Plan.   LOS ANGELES, Nov. 14, 2023 — Rise Economy, formerly the California Reinvestment Coalition, announced today that it has

Rise Economy Recognizes Star Advocates, Community Leaders at the 2023 SoCal Equitable Futures Awards

“Thank you very much for suing us. Keep that advocacy going.” By Madison D'Ornellas, Digital Communications Associate Attendees pose for a photo on Thursday, Nov. 2 at Rise Economy's Southern

Photos: 2023 Southern California Equitable Futures Awards

Rise Economy on Thursday,  Nov. 2 hosted nearly 150 people for its Southern California Equitable Futures Awards at Far Bar in Downtown Los Angeles. The event, the first to be

Rise Economy Applauds CFPB’s $25.9M Fine on Citibank for Discrimination

In response to the Consumer Financial Protection Bureau’s (CFPB) decision on Tuesday to fine Citi $25.9 million for “intentionally and illegally discriminating against credit card applicants the bank identified as

Rise Economy Responds to Bank Regulators’ Final CRA Rule

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

What’s So Special About Special Purpose Credit Programs?

Lessons Learned from Special Purpose Credit Program Negotiations By Doni Tadesse and Kevin Stein, Southern California Organizer and Chief of Legal and Strategy In the wake of the murder of

The Bank Rundown: October 2023

"It’s one or the other. You cannot have it both ways. Communities deserve better." By Kevin Stein, Chief of Legal and Strategy What would happen if 100 CBOs wrote a

Celebrating 46 Years of the Community Reinvestment Act

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

Significant Moments from 37 Years of Rise Economy

For our birthday, we’re sharing some of the significant events and actions that shaped our organization For 37 years Rise Economy, formerly the California Reinvestment Coalition, has worked to combat

Get to know the 2023 Southern California EFA Honorees

Rise Economy has recognized community leaders and organizations across California that have made a positive impact in their local communities with service awards for more than two decades. This year,

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 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),

Banc of California and Rise Economy Announce $4.1 Billion Community Benefits Plan

SANTA ANA, Calif. / SAN FRANCISCO, Calif.— Rise Economy, formerly the California Reinvestment Coalition, and Banc of California, N.A. (“Banc of California”), a wholly-owned subsidiary of Banc of California, Inc.

Rise Economy to host Equitable Futures Awards in Los Angeles

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

Rise Economy Resilience Fund Cohort Member Earns CDFI Status from US Department of Treasury

For Immediate Release Media Contact Brian M. Maxey, 510-813-7552 bmaxey@rise-economy.org   With Sonoma-based Creser Capital Fund’s CDFI certification, Rise Economy furthers its mission of launching the next generation of BIPOC-led

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

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

The Bank Rundown: August 2023

“Rise Economy was eager to meet with JPMorgan Chase even before it acquired the failed First Republic Bank. Now, we can barely contain ourselves.” By Kevin Stein, Chief of Legal

NorCal, SoCal convenings bring Rise Economy members together

Rise Economy’s Action and Advocacy Colloquium series facilitated in-person strategizing and connecting among members By Madison D’Ornellas, Digital Communications Associate Every day up and down California, Rise Economy members are

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

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

2 Added to Rise Economy’s Board of Directors

Rise Economy, formerly the California Reinvestment Coalition, added Jillian Spindle and Hermán Barahona to its Board of Directors. Their three-year terms began in June. Spindle will serve as the board

Experts explain what a state-specific Community Reinvestment Act means for California

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

The Bank Rundown: July 2023

“It’s good to know how the banks and certain politicians really feel about closing racial wealth gaps, fighting lending discrimination and supporting small businesses.” By Kevin Stein, Chief of Legal

Rise Economy Comments on the CFPB on its 12th anniversary

On this day in 2011, the Consumer Financial Protection Bureau (CFPB) was founded. And for 12 years, the Bureau has been committed to fighting for financial protection, equity and billions

The new generation of CDFIs is ready for success

After their first year as members of Rise Economy’s inaugural Resilience Fund Program, participants reflect on their struggles and successes during the program By Madison D'Ornellas, Digital Communications Associate Rise

Juneteenth: A reminder of the progress made and the challenges that persist

San Francisco City Hall lit up for Juneteenth. Photo credit: Adobe Stock   By Doni Tadesse and Aliyah Shaheed, Southern California and Northern California Organizers Today we celebrate and reflect. 

The Bank Rundown: June 2023

“As recent bank failures expose bank management and regulatory failures, we would do well to revisit the lessons of Glass Steagall.” By Kevin Stein, Chief of Legal and Strategy  

How Climate Disasters, Housing Discrimination and the Banking Industry are Intrinsically Linked

The San Francisco skyline against a backdrop of smoke and haze from wildfires. Photo credit: Adobe Stock By Jamie Buell, Research Analyst News outlets and social media have recently been

Introducing Rise Economy

Get to know our new name and new look By Brian M. Maxey, Chief of Communications If you’re familiar with our work, then you might notice things look a bit

California Reinvestment Coalition Announces Rebrand as Rise Economy

Media Contact Brian Maxey, bmaxey@rise-economy.org, 510-813-7552 The statewide economic, housing and racial justice nonprofit unveils new visual identity as part of strategic alignment.     LOS ANGELES,  June 12, 2023 —

Researchers, climate advocates inform discuss local climate organizing and banking climate accountability

A discussion hosted by CRC touched on how each sector of climate resiliency—policy, research and local organizing— can work together to liberate disadvantaged communities from the inequitable effects of climate

Longtime CRC Board Member Clarence Williams Dies

Clarence Williams, a highly-regarded thought leader in the field of economic development and community development finance in Northern California, passed away on Monday, May, 8. He was 75. Clarence was

Photos: 2023 Northern California Equitable Futures Awards

CRC on Thursday, April 27 hosted nearly 150 people for its Northern California Equitable Futures Awards at Oeste Bar in Oakland. The second-annual event recognizes community heroes, resiliency builders, and

CRC celebrates difference-makers, star advocates in Northern California

The California Reinvestment Coalition’s 2023 Equitable Futures Awards two-event series started off with a bang Thursday, April 27 in Oakland.  Nearly 150 CRC members, allies, banking industry representatives and elected

LLC Owner Transparency bill clears Senate policy committees

After making it through two legislative committees, SB 594 heads to the Senate Appropriations for crucial vote.  Californian tenants and workers are another step closer to critical protections from abuses

Meet The 2023 Northern California Equitable Futures Awards Honorees

CRC has recognized community leaders and organizations across California that have made a positive impact in their local communities with service awards for more than two decades. This year, we

CRC Members share concerns and discuss next steps after Silicon Valley Bank, Signature Bank closures

CRC on Friday convened a virtual town hall meeting to address some of the most pressing questions and discuss how the current economic landscape affects its members’ programs and advocacy

On Repeat: What we’re listening to this Women’s History Month

This Women’s History Month, we’re reflecting on the likes of Dolores Huerta and Angela Davis whose invaluable contributions to organizing improved the lives of working-class People of Color. We’re remembering

CRC Elects New Board Chair, Welcomes 2 New Members

The California Reinvestment Coalition is pleased to announce that Chancela Al-Mansour, Executive Director of the Housing Rights Center, has been elected chair of its Board of Directors. Her three-year term

CRC Staff Suggest Essential Reading for Black History Month

In honor of Black History Month, we asked CRC Staff to share recommendations for books written by Black authors that have inspired, motivated and moved them to become better allies

CRC Staff Reflect on 2022

It was another busy year for CRC. In 2022, CRC and its allies negotiated more than $80 billion in Community Benefits Agreements (CBA) for California, passed AB 1837, the Homes

Racial And Economic Justice Cohort Spotlight: Monica Joe

CRC has a brief conversation with Monica Joe, a member of CRC’s second Racial and Economic Justice Cohort. The cohort creates a space for relationship building, personal development, and organizational

Al-Mansour, California Public Banking Alliance, SEIU and Assemblymember Santiago honored for commitment to economic equality

CRC members, activists, bankers, organizers and supporters packed Lokels Only Cafe in Los Angeles on Thursday, Nov. 3 for CRC’s Southern California Equitable Futures Awards celebration. After a two-year hiatus,

Photos: 2022 Southern CaliforniaEquitable Futures Awards

Nearly 150 people attended CRC’s Southern California Equitable Futures Awards on Thursday, November 3 at Lokels Only Cafe in Los Angeles. The event was created to recognize Southern California’s community

CRC Celebrates California difference-makers, community leaders at inaugural NorCal Equitable Futures Awards

Oakland, Calif. — More than 100 CRC members, bankers and allies gathered Thursday, Sept. 22 to celebrate the unwavering work by Northern California communities and recognize the critical work of

Get to know the 2022 Equitable Futures Awards Honorees

An attorney who has represented California’s low-wage and agricultural workers against powerful agri-business actors despite political consequences. A collaboration of tenants’ unions that staged a successful rent strike against one

Gonzalez-Brito leads discussion on the power of CDFIs

Paulina Gonzalez-Brito, CRC Chief Executive Officer, led a panel Thursday that brought together several Latine/x leaders of existing and emerging mission-driven financial organizations for a discussion on the importance of

CRC Co-hosts Interagency Forum on Rural Broadband Access

The California Reinvestment Coalition, the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and representatives from state

CRC, Community Groups Voice Opposition to the Proposed BMO Harris-Bank of the West Merger at Public Hearing

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

California Needs a State CRA for a More Fair, Equitable Financial System

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

CRC Meets with regulators, policymakers for Advocacy Week

The California Reinvestment Coalition and several of its member organizations met with elected officials and representatives from financial regulatory agencies last week as part of the National Community Reinvestment Coalition’s

Juneteenth, a solemn remembrance and expression of Black joy

For just the second time ever on Monday, this country will celebrate Juneteenth as a national holiday. On this day, we recognize the strength and resilience of Black communities and

Finding “Just”: NCRC’s 2022 Just Economy Conference was a hub for old and new ideas on creating change

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

Q&A: Cryptocurrency 101 with CRC Promotora

Combat banking discrimination. Reduce financial disparities. Push the need for broadband access.  Opportunities like this can come with learning more about how we can utilize and track the movement of

CRC, 20 Groups File Letter Opposing Proposed BMO Harris-Bank of the West Merger

CRC submitted the following letter to the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve to announce its formal opposition to the proposed

CRC Presents at Fair Housing Conference

CRC Research Analyst Jamie Buell on Wednesday presented at the Fair Housing Council of Riverside County’s 2022 Housing Conference: Housing Solutions Post Pandemic. The conference brought together policymakers, Realtors, nonprofits,

CRC Executive Director Testifies in Support of Financial Institution Evaluation Bill

SB 1176 establishes a requirement that would enable the DFPI to evaluate the mortgage lending of financial institutions, creating greater equity in the financial industry. California Reinvestment Coalition Executive Director

Timeline: U.S. Bank-Union Bank Merger Events

In November of 2021, the California Reinvestment Coalition officially opposed the proposed merger of U.S. Bank and Union Bank, which had been announced two months earlier. There has been a

CRC, Community Members Express Opposition for U.S. Bank Merger at Public Hearing

Mergers may be good for corporations, but they’re rarely good for economic stability and financial equity for consumers — especially for Black, Indigenous and People of Color (BIPOC)  and low

Map: Current U.S. Bank and Union Bank Branches in Los Angeles County

Low- to moderate-income communities and communities of color are adversely impacted when banks merge. That’s why when Minneapolis-based U.S. Bank agreed to acquire Union Bank in September 2021, CRC and

The Bank Rundown – February 2022

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

CRC Welcomes New Organizers to its Staff

The California Reinvestment Coalition is pleased to announce that it has hired Doni Tadesse as its new Southern California Organizer and Aliyah Shaheed as its new Northern California Organizer. Tadesse

We can never forget Jan. 6, 2021

An attack on American democracy unfolded before the eyes of the entire world on Jan. 6, 2021. The violent storming of the Capitol that day was a shameful attempt to

Connecting Community to Resources

A second-generation promotora, Delmis Lorenzo is carrying on a family tradition   Delmis Lorenzo has spent much of her adult life supporting members of her Los Angeles community. Her community-oriented

CRC Files Letter Opposing U.S. Bank-Union Bank Merger

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.

Promotora Program Meets Families Where They Are

Now a year old, CRC’s Economic Equity Promotora Program sets its sights on improving access to the banking system for marginalized communities   For some Californians living in rural, low

CRC, The Greenlining Institute File Joint Letter Opposing Tri Counties Bank’s Application to Acquire Valley Republic Bank

Sebastian Astrada, Director, Applications Federal Reserve Bank of San Francisco 101 Market Street, San Francisco, CA 94105-1579    Re: Supplemental comments from California community groups concerning the applications by TriCo 

Alan Fisher, CRC Founding Director and Economic Justice Titan Dies

Alan Fisher, founding director of the California Reinvestment Coalition, died Thursday, Sept. 16 surrounded by family, following a hard-fought battle with cancer. In the world of housing and economic justice,

CRC Members, Advocates Show Up in Support of Corporate landlord transparency bill

  The Senate Judiciary Committee on Tuesday, July 13 took up AB889, a CRC co-sponsored bill that would hold corporate landlords accountable for habitability issues and would also provide important

Racial And Economic Justice Cohort Spotlight: Marisabel Torres

CRC has a brief conversation with Marisabel Torres, a member of our recently launched Racial and Economic Justice Cohort. The cohort creates a space for relationship building, personal development, and

Racial And Economic Justice Cohort Spotlight: Shashi Hanuman

CRC has a brief conversation with Shashi Hanuman, a member of our recently launched Racial and Economic Justice Cohort. The cohort creates a space for relationship building, personal development, and

Racial and Economic Justice Cohort Spotlight: Crissy Vo-Khuong

CRC has a brief conversation with Crissy Vo-Khuong, a member of our recently launched Racial and Economic Justice Cohort. The cohort creates a space for relationship building, personal development, and

Black to the Future: Carrying Black History Forward

Growing up, I remember hearing tales of my grandfather Leo’s fight to maintain ownership of the land that had been in our family for generations. In my hometown in North

CRC, Small Business Advocates Call on State to Address Equity and Access Issues of COVID-19 Relief Grant Program

California Reinvestment Coalition and seven Los Angeles-based small business advocate organizations urged the State to consider implementing recommendations that would prioritize equity, accessibility, transparency, and accountability around the California Small

CRC Meets with Likely Comptroller of the Currency Appointee Michael Barr

As part of a series of transition team meetings, CRC and some of its members last month met with Michael Barr, who is likely to be nominated to lead the

We Can’t Bank on Wall Street to be Transparent, A Public Sedition Audit is Needed

Don’t be fooled by the hollow statements of the past few weeks. In the days after the Jan. 6 violent attempted coup on the nation’s Capitol, Wall Street’s calls to

The Bank Rundown – January 2021

In this month’s Bank Rundown, we look at a potential merger between the United State’s 11th largest bank by total assets and the 39th largest; a California loan company’s bid

Celebrating 20 Years of Kevin Stein

by Paulina Gonzalez-Brito Today marks the 20th anniversary of Kevin Stein’s tenure at the California Reinvestment Coalition. All of us at CRC congratulate and thank Kevin for his many years

CRC, NCRC and CIT Announce Historic Community Benefits Agreement

By Paulina Gonzalez-Brito, Executive Director CRC When we fight we win! It’s been five years since we stood outside of the Federal Reserve building in Los Angeles protesting the OneWest/CIT

A (White) National Disgrace

  This past April I was walking down Valencia Street in the Mission District of San Francisco, commonly known as La Mission, a historically Latino community, the home of Carnaval,

Striving for Deeper Immigrant Financial Inclusion

Guest Blog Post: Karla Guerra Co-Chair and Lead Organizer of CRC’s Here to Stay Initiative Hardly a week goes by without a major news story related to the Federal government

Why Are Immigrant Youth Not Banked?

  As co-chair of CRC’s Here to Stay Campaign and an avid advocate for immigrant youth financial access, I believe that immigrant youth have the capability to become financially stable

CRC Welcomes New Team Members!

CRC works closely with our members and allies to build an inclusive and fair economy that meets the needs of communities of color and low-income communities throughout California. At possibly

We Need Retirement Systems and Public Benefit Programs that don’t Exclude Immigrants

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

Public Charge: A Proposed Rule with a Cruel Choice for All Immigrant Families

  Immigrants are at the core of our communities. They are our friends, family members, neighbors, and partners. They are us. All immigrants make valuable contributions to our communities every

Why Immigrant Access to Capital Benefits Us All

dev/Mission graduate at LinkedIn headquarters sponsored by Latino Community Foundation, Google, Microsoft Silicon Valley, and Mission Housing (Photo: dev/Mission) “When I considered launching dev/Mission, a non-profit focused on building tech talents in underserved communities,

Why Safe Financing for Small Businesses Matters

Rodnia Attiq is the owner of El Borrego Restaurant in City Heights, a low- to moderate-income neighborhood in San Diego and one of the focus areas of the city capital partnership.

Oakland’s Displacement Crisis: Why Communities Deserve an Anti-Displacement Code of Conduct

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.

Fines and Fees Reform is the Next Frontier in Social Justice

With every penny accounted for, Marissa and her husband sat in my office with detailed budgets to figure out how they could pay her medical bills.

Bank Lobbyist Act makes it easier for banks to discriminate in lending

Banks are rolling in it these days; between record profits in 2017 and the windfall from the December Republican-backed tax cuts, banks have rebounded from 2008’s financial meltdown,

Immigrant Experience Inspires Latino Leaders To Meet Current Challenges

As the Senate takes up the debate on an immigration bill — and the White House ramps up deportation efforts and looks to punish immigrant families from using social services to which they are legally entitled