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 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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Celebrating 46 Years of the Community Reinvestment Act

October 12, 2023 by 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 years of the enactment of the Community Reinvestment Act (CRA), a pivotal piece of legislation enacted to address banking marginalization and discriminatory lending practices. Considered...
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Experts explain what a state-specific Community Reinvestment Act means for California

August 02, 2023 by Screenshot of a zoom webinar.

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 – February 2022

February 11, 2022 by

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 going through mergers. Check out what’s happening below and reach out to find out how to get involved.  U.S….

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

November 18, 2021 by

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. 20551     Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th St SW, Washington, DC…

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

March 26, 2019 by

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 in some cases, deportation, due to an increasingly hostile, anti-immigrant political climate. In response, CRC launched the Here to…

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