November 12, 2009: OCC Comptroller urged to get bailed-out banks lending to small businesses
October 22, 2009: Mortgage Counseling Agencies Recieve Aid
April 23, 2009: Community Reinvestment Act Improved Banks' Behavior
National report recommends expanding law to promote responsible lending
April 14, 2009: Small Business Lenders' Pick Up the Banks' Slack
For Immediate Release
March 31, 2009: Sacramento Passes Restrictions Against Payday Lenders
SACRAMENTO, March 31, 2009—The Sacramento city council voted unanimously to pass an ordinance restricting the growth of new payday lenders, noting that these businesses strip the earnings of low and moderate income
March 19, 2009: You too, Magic? Jackson Hewitt partnership puts Earvin “Magic” Johnson in a league with financial predators
The California Reinvestment Coalition, Woodstock Institute, Neighborhood Economic Development Advocacy Project and the Community Reinvestment Association of North Carolina are calling on Earvin “Magic” Johnson to stop promoting predatory tax refund anticipation loans this tax season as part of his partnership with Jackson Hewitt, the franchise tax preparer notorious for preying on low-income people. Tax refund loans particularly target recipients of the Earned Income Tax Credit, one of the few federal safety nets for the working poor.
March 9, 2009: Beware of Mortgage Rescue Swindlers
For Immediate Release
January 8, 2009: Consumer Advocates Decry Use of Bailout Money to Make Predatory Loans
Advocates from local and national consumer groups blasted statements from Santa Barbara Bank & Trust that the bank intends to use funds from the U.S. Treasury’s Troubled Assets Relief Program (TARP) to help make high-priced refund anticipation loans (RALs). On November 21, 2008, Treasury approved Santa Barbara as a recipient of $180 million from the TARP program.
January 2, 2009: Republic Bank Targets the Working Poor with Tax Refund Anticipation Loans
November 25, 2008: Survey Reveals Loan Modifications Still Uncommon, Government and Lenders Doing Little to Help Borrowers
Hundreds of thousands of Californians are “underwater” on their home loans, yet neither loan servicers nor the government have done enough to offer effective loan modifications that would keep families in their homes.
