Testimony to the Congressional Hispanic Caucus The Americas’ Future in the Balance: A Briefing on the Underfunding of Latino Communities

Orson Aguilar, Executive Director

The Greenlining Institute

June 19, 2012

Thank you for allowing me to speak to you today on an important topic.  The Greenlining Institute is a California based research, advocacy, and leadership institute focused on improving the lives of people of color.  Our mission is simple — to ensure that all American’s have a fair shot to fullfill their economic potential.

America has a philanthropy problem.  Simply stated, we are not investing in America.  And most importantly, we are not investing in the future of America.  As we all know, the majority of American babies born today are of color.  Most of the new births today are in fact Latino babies.

As you will hear today, Latinos are not getting their fair share of philanthropic dollars.  Reports such as the one recently released by Hispanics in Philanthropy are important because they remind us that much progress can and must be made.   We need to measure philanthropy going to Latinos and other communities on a regular basis. As they say, what isn’t measured doesn’t matter.   If you don’t measure something, you will not make progress.

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2012 Sacramento Agenda & 2011 En Banc Testimony

Introduction
Thank you, Ms. Moore. On behalf of California’s diverse business community, it is my honor and pleasure to speak to you, Chairman Bradford, Chairman Padilla, Senator Price, Deputy Commissioner Shultz, and of course the Commission and President Peevey on the state of supplier diversity in California.
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Remarks of Preeti Vissa, The Greenlining Institute Capital One Financial Corporation’s Proposed Acquisition of ING Bank, FSB

Capital One is a credit card company masquerading as a bank and is now the largest subprime credit card lender in the US.

Californians do not need another large subprime lender. Capital One is notorious for targeting vulnerable borrowers, particularly within immigrant communities, with cards that have high interest rates and low credit limits. The moment consumers fall behind on their payments, Capital One piles on late fees and raises interest rates. As a result, cards that were meant to build credit end up destroying it.

Click here to read testimony for Capital One Hearing.

Remarks of Preeti Vissa, The Greenlining Institute Capital One Financial Corporation’s Proposed Acquisition of ING Bank, FSB

Capital One is a credit card company masquerading as a bank and is now the largest subprime credit card lender in the US.

Californians do not need another large subprime lender. Capital One is notorious for targeting vulnerable borrowers, particularly within immigrant communities, with cards that have high interest rates and low credit limits. The moment consumers fall behind on their payments, Capital One piles on late fees and raises interest rates. As a result, cards that were meant to build credit end up destroying it.

Greenlining Letter of Support for Richard Cordray as CFPB Director

Senator Tim Johnson, Chairman
Sen. Committee on Banking, Housing &Urban Affairs
136 Hart Senate Office Building
Washington, DC 20510

Senator Richard C. Shelby, Ranking Member
Sen. Committee on Banking, Housing & Urban Affairs
304 Russell Senate Office Building
Washington, DC 20510

Urge Your Support for Richard Cordray as CFPB Director

Dear Senators Johnson and Shelby,

The Greenlining Institute strongly supports the confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau.

As you already know, predatory lending devastated communities all across the country, but particularly so in communities of color.