California Reinvestment Coalition

CRC Submits Letter to OCC on Wells Fargo's Community Reinvestment Act Performance

Published December 11, 2012 04:03

December 10, 2012-- CRC submitted a letter to the Office of the Comptroller of the Currency (OCC) regarding Wells Fargo's Community Reinvestment Act examination. CRC shines a bright light on Wells Fargo's payday product (Direct Deposit Advance), mortgage lending, foreclosure prevention, high-cost bank accounts, and small business lending, and the impact that its practices have on low and moderate income communities. 

To read the letter in its entirety, please click here

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CRC has a membership of over 300 nonprofit organizations and public agencies across the State.