This document is comment filed by the Greenlining Institute about the Community Reinvestment Act. The comment expresses the needs for the CRA to grow and adapt to the modern banking system which is more internet based, and less based on physical location among other changes. The document can be read here.
After a thorough review, Greenlining found that Care1st, a subsidiary of nonprofit health plan Blue Shield of California, accrued excessive profits after it was acquired by Blue Shield and converted into a nonprofit. Greenlining calls on the DMHC and DHCS to demand that Blue Shield live up to its mission as a nonprofit health plan and return these profits to the community.
Greenlining wrote to federal bank regulators requesting that “low satisfactory” CRA evaluations not be treated as equivalent to “satisfactory” reviews, and calling for public hearings on proposed bank mergers.
To read the comment, click here.
This document is an extensive brief that Greenlining, TURN, CforAT, and NCLC filed in the LifeLine proceeding. It explains that low-cost telephone service is critical to low-income Californians, and argues for robust requirements for LifeLine service to ensure that low-income consumers, people of color, limited and non-English speakers, and individuals with disabilities have access to dependable phone service regardless of the technology used. Click here to read the document.
The Federal Communication Commission’s (FCC) Anti-Net Neutrality proposal will see the FCC hand its consumer protection duties to the Federal Trade Commission (FTC). However, a pending court case makes it unclear whether the FTC has jurisdiction over anti-consumer actions by telecom companies like AT&T. Consumer groups like Greenlining and Public Knowledge sent a letter to the FCC asking it to protect consumers and delay the Net Neutrality vote until this legal issue is determined by the courts.
The Greenlining Institute, together with Consumer Action, Demos, Empire Justice Center, National Fair Housing Alliance, National Consumer Law Center (on behalf of its low-income clients), National Council of La Raza, and Woodstock Institute, filed this public comment with the Department of Housing and Urban Development (HUD). Currently, those injured by a discriminatory housing practice may file a complaint with HUD within a year after the discrimination through a form offered by HUD. We urged HUD to continue to collect data through the Form, offered in different languages, and in paper and electronic format, as an important procedure that helps protect underserved communities from housing discrimination.
To read the comment, Click Here.
We monitor both state and federal legislation and work closely with Congress and the California Legislature to protect the interests of communities of color. Click here to read our current positions on pending bills.
The Greenlining Institute signed on to an effort led by the National Community Reinvestment Coalition to push for wider data disclosure for home lending in order to shed light on racially inequitable lending practices nationwide. Read the letter here.
Please click here to view.
Last week, Greenlining, along with other community advocates, testified before OCC Comptroller Curry, FDIC Chairman Gruenberg, and other regulatory agency representatives to discuss outdated and burdensome financial regulations. Over the next year, financial regulators will hold hearings across the country to hear from industry, advocates and the public on this matter.
Attached please find Sasha Werblin’s, Economic Equity Director, formal comments expressed during the consumer advocate panel. Key recommendations focused on modernizing the Community Reinvestment Act to ensure that it reflects the the 21st Century financial services sector.
The hearing took place at the San Francisco Federal Reserve Bank in Los Angeles on December 2, 2014.