City of Oakland Unanimously Passes Resolution Backing Community Reinvestment Act

For the first time in 40 years, the federal government could weaken a little-known but important law encouraging bank lending, services and investments in underserved communities: the Community Reinvestment Act. Advocates like The Greenlining Institute do not expect changes proposed…
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Warning of the 2008 Financial Crisis – and Stopping a New Wave of Predatory Lending

It’s considered rude to say, “I told you so,” but as far as the 2008 financial crisis goes, we did. Now a new wave of financial deregulation could set up a rerun of the predatory lending boom that devastated communities…
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Flagstar Commits $600 Million Over 5 Years to Community Investment; Acquires 8 Desert Community Bank Branches in San Bernardino County

BANK COMMITS TO COMMUNITY DEVELOPMENT AND SERVICES FOR LOW-INCOME FAMILIES Contacts: Nehama Rogozen, California Reinvestment Coalition, 216-973-2524, nrogozen@calreinvest.org Vedika Ahuja, The Greenlining Institute, 510-926-4012, vedikaa@greenlining.org SAN BERNARDINO, CALIFORNIA – Michigan-based Flagstar Bank is acquiring Desert Community Bank in California, establishing…
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