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 a lawsuit challenging newly enacted Community Reinvestment Act rules that would result in increased support for affordable housing and…

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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? CVCB creates a strong climate for community banks to serve their communities Rise Economy was pleased to end 2023 with a novel Community Benefits Commitment...
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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 consumers from losing money due to overdraft fees, Rise Economy Chief Executive Officer Paulina Gonzalez-Brito released the following statement: …

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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 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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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 of our community are heard, taken on financial institutions for redlining, sued the federal government, and demanded equity and…

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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 today a comprehensive community benefit commitment that aims to foster economic vitality through targeted initiatives that include the support…

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A group of people posing for a photo in front of a brick wall.

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 of this one-of-a-kind program is bittersweet, I can't help but marvel at how far we've come. As I reflect on this experience, I see a...
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A photo of Rise Economy staff members posing for a photo in front of a brick wall.

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 $10 billion in Community Benefits Agreements (CBAs) for California communities, it was a big year for Rise Economy. Now, with the year drawing to a...
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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) mergers In a big victory, First Citizens Bank stepped up and committed to fund an additional  $6.5 billion for California and Massachusetts communities after our...
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Image of First Citizens Bank building.

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 negotiated an agreement with First Citizens Bank to bolster investments in California communities by way of a $6.5 billion…

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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 California Equitable Futures Awards. More than 150 people gathered beneath the beautiful evening sky of Downtown Los Angeles on Thursday, Nov. 2 for Rise Economy’s...
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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 held under the name Rise Economy, recognizes the individuals and organizations that are working to create a more equitable…

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