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 and Strategy   Banc of CA proposes to more than triple its size in acquiring Pacific Western Bank Banc…

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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 helping shape their communities. Twice this month — first in Oakland on Wednesday, Aug. 9 and then in Los…

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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 top PPP lender to oil and gas operations in California; Chase and Well Fargo identified as top national lenders….

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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 treasurer, replacing William Pavao, who retired from the board earlier this year.  Spindle serves as the Chief Operating Officer…

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Screenshot of a zoom webinar.

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 together fellow economic and housing justice advocates to discuss the pathways toward a California-specific, stronger Community Reinvestment Act (CRA),…

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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 and Strategy Bank of America – Recent Meeting and CFPB Enforcement Action Someday your children will ask you where…

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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 in relief for Black, Indigenous and People of Color (BIPOC) and Low-to-Moderate Income (LMI) communities.  In 12 years, the…

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

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 Economy’s inaugural Resilience Fund cohort has placed itself at the forefront of programs working to build a new crop of BIPOC-led Community Development Financial Institutions...
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An image of San Francisco City Hall lit with red and green.

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.  We celebrate the resilience, strength and triumph of Black folks in the face of profound adversity. We reflect on the progress we have made as...
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Image of a First Citizens Bank branch.

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   JPMorgan Chase acquires First Republic Bank First Republic Bank became the third bank to fail in the last few…

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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 flooded with headlines in recent weeks about New York City having the worst air quality in the world due…

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A collage of new Rise Economy brand expression.

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 different. Today, we’re launching our new name and visual identity, complete with a new logo and redesigned website. California…

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