California Reinvestment Coalition Goes to Washington

Last week, members of the California Reinvestment Coalition traveled to Washington, DC, for the annual National Community Reinvestment Coalition conference.  The theme this year was “Creating a Just Economy.”

Keynote speakers during the conference included Federal Reserve Chair Janet Yellen, CFPB Director Richard Cordray, Representative Maxine Waters who is Ranking Member of the House Financial Services Committee, Comptroller Thomas Curry, Senator Sherrod Brown who is Ranking Member of the Senate Banking Committee, Mark Morial, CEO of the National Urban League, and John Taylor, president and CEO of NCRC.

There were a number of sessions focused on reinvestment, affordable housing, small business lending, home ownership, gentrification, economic development, CDFIs, community health benefit agreements, fintech, rural development, fair housing, the racial wealth gap, the Community Reinvestment Act, redlining, and more, including a session entitled “Defending the CFPB” that Paulina Gonzalez, executive director of CRC, moderated.

In addition to attending the conference, CRC members also met with members of the California Congressional delegation and with bank regulators and their staff as well.  During the meetings, CRC members shared what they are seeing from their work in communities, specifically around issues related to small business lending, affordable housing and economic development.

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The president’s so-called “skinny budget” proposal was one of several topics covered at the meetings, and more background about the additional issues is included below.

Program/Department

Budget Proposal Impact on California

HUD Budget 

Eliminates CDBG, reductions for key programs serving renters Loss of $357 million in CDBG funds for CA cities;

$130 million in HOME funds for new affordable housing; Thousands of tenants to lose rental assistance vouchers;

More costs for Medicaid as seniors move to nursing homes w/o Meals on Wheels;

Increased homelessness;

CDFI Fund

Eliminated

Fewer loans, less support for Small Biz Owners. There are 86 CDFIs in CA that made 39,000+ loans in FY 2016.

Legal Services Corporation

Eliminated

11 CA orgs. receive funding through LSC.

Small Business Administration

Prime program defunded; Microloan program frozen Less financing available for CA small businesses.

NeighborWorks

Eliminated

Will harm efforts at building assets, including for 1st time homebuyers, also negative impacts for affordable housing.
AmeriCorps Eliminated

Work on tax returns, literacy, emergency response, health, and economic development.

 

Community Reinvestment Act

This year, CRA celebrates its 40th anniversary. Because of the CRA, financial institutions are helping to meet important community credit needs and building consumer and community wealth, through small business lending, mortgage lending, affordable housing finance, community development activity and bank branch and account access.

  • California Reinvestment Coalition members and other community groups have recently negotiated win-win community commitments with a number of banks, including City National, Bank of Hope, Cathay Bank and Mechanics Bank.
  • But bank regulators need to be more rigorous and timely in their CRA and Fair Lending examinations of banks. Wells Fargo had not had a CRA rating made public in 9 years, and several banks, such as BancorpSouth and Evans Bank that received Satisfactory CRA ratings were later sued for redlining.
  • Regulators should encourage banks to develop Community Benefit Plan agreements with local community groups, and incorporate these agreements into any bank merger approval and subsequent CRA exams.
  • Regulators should also provide CRA downgrades to institutions that engage in discriminatory, unfair, or deceptive practices, or that finance the direct or indirect displacement of low and moderate income people and communities of color, or that finance lenders who make predatory loans in these communities. Banks must diversify management and staff, and develop robust supplier diversity programs.


Rural Communities

Rural communities in California face unique and significant challenges. Banks are well placed to help local communities develop and grow through home mortgage and small business lending, affordable housing investments and low cost accounts.

  • But nonprofit groups and even some banks report that banks only lend and invest in geographic areas that are subject to “full scope” regulatory review (via CRA exams),  that tend to focus on larger, urban areas, especially for the largest banks.
  • Bank regulators should expand the number of full scope areas for banks that are among the biggest depositories and lenders in smaller, rural communities. Branch closings, especially in rural areas, are also effectively limiting access to banking for consumers.

Protect CFPB

The Dodd Frank Act and the creation of the Consumer Financial Protection Bureau are the most effective and publicly popular responses to the financial crisis.

  • The CFPB has secured over $12 billion in consumer relief, more than all of the other, relevant federal agencies combined.
  • The CFPB developed common sense rules that brought order and transparency to mortgages (Qualified Mortgage and QRM rules, home loan modifications (servicing rules, including successors in interest protections), and the collection of home loan data (HMDA rule).
  • Additionally, CFPB enforcement actions have protected consumers and communities from unlawful lending discrimination and unfair and deceptive practices.
  • Importantly, over 1 million consumers (including over 118,000 Californians) have already taken advantage of the CFPB’s user-friendly consumer complaint database to file complaints -some telling their stories – to seek relief but also to inform other consumers and CFPB enforcement officers about problematic practices and actors.
  • The CFPB’s Director, structure and authority must be vigorously protected.
  • Important CFPB rules on payday lending, prepaid cards, mandatory arbitration, debt collection and small business loan data must be finalized and protected from repeal.
  • We also support the CFPB’s work on issues that have important impacts on consumers, ranging from student loans to credit reporting agencies to financing for cars.

Small Business Lending

  • Small business lending has increased since Dodd Frank Act, not decreased as some Dodd Frank critics have suggested. But small business loans are still less available in LMI neighborhoods and neighborhoods of color
  • And many small business owners looking for credit from banks are relegated to higher cost and variable rate credit cards, not term loans.
  • 95% of the small business loans in CA from JPMorgan Chase Bank are credit card loans. While credit cards serve a purpose, they can come with higher costs, variable rates and are not well suited for the longer term capital needs that many businesses have.
  • Dodd Frank Section 1071 data would bring much needed transparency into who is receiving small business loans- and who is not. In the same way that HMDA data created greater transparency in the home lending market, 1071 small business data will shed light on small business lending trends, highlight disparities, and likely lead to increased lending.
  • Fintech, online, and marketplace lenders can present opportunity, but some are clearly also creating harm. CDFIs and community lenders are spending precious capital and staff time refinancing small business owners out of predatory fintech loans and merchant cash advances.
  • An Opportunity Fund analysis of 150 “alternative loans” found an average APR of 94%, and among Hispanic borrowers, the average monthly payment was more than 400% of take-home pay.
  • Advocates are concerned about a weakening of consumer protection under any OCC national fintech charter which will lead to preemption of state laws, and are concerned that the OCC has not shown itself to be a strong bank regulator (see, Wells Fargo).
  • We join Congressman Cleaver in raising concerns that fintech lenders are violating fair lending laws by not making good credit available to neighborhoods of color, that fintech algorithms may be biased, and that predatory fintech loans are destabilizing small business owned by women and people of color. The CFPB and other agencies must vigorously enforce fair lending laws against predatory and discriminatory fintech lenders. Bank partnerships with fintech lenders must be thoroughly scrutinized to ensure fair lending and consumer protection laws are followed
  • In addition to bank and fintech loans, small businesses are vulnerable to high cost products like Merchant Cash Advance and installment loans that can financially sink business owners instead of helping them.

Homeownership

Home loans are hard to come by in neighborhoods of color. Banks are increasingly focused on making jumbo loans which disproportionately benefit white borrowers, while making fewer loans to Latino and African American borrowers, and abandoning FHA loans in favor of their own, unproven products, with less than impressive results.

  • Any future GSE reform must maintain a duty to serve communities and retain affordable housing goals. Currently, Fannie and Freddie need to be held accountable to meeting ambitious affordable housing goals, and should offer more flexible products to qualified homeowners.
  • We are concerned about a return to redlining, and hope to see DOJ, CFPB and HUD continue their important work in enforcing fair housing and fair lending laws.
  • HUD is currently investigating CRC’s first HUD redlining complaint (more information and graphs below), filed against OneWest Bank for having few branches and making few home loans in neighborhoods of color in six Southern California counties.
  • Given our aging population, increased oversight is needed in the reverse mortgage market to ensure that seniors are not taken advantage of by loan originators and servicers.
  • CRC is deeply concerned that seniors are continuing to lose their homes unnecessarily due to servicer bureaucracy, a lack of strong oversight of this industry by HUD, and a very limited infrastructure to help seniors and their families avoid needless foreclosures.  The elimination of funding for Legal Aid organizations will exacerbate this problem.

Affordable Rental Housing

California continues to suffer from an affordable housing crisis. The California Housing Partnership Corporation estimates that California needs 1.5 million affordable homes to accommodate the state’s lowest income residents.

  • Any HUD budgets cuts to key programs such as HOME, CDBG, Rental Assistance and Low Income Housing Tax Credits, could be devastating.
  • California nonprofit housing developers report that many investors, including banks subject to the Community Reinvestment Act, are pulling back from existing commitments in tax credit deals and attempting to renegotiate terms in light of pending tax reform. The result is fewer units produced and more subsidy coughed up at the 11th hour by desperate nonprofits who then must forego developer fees, and local governments which must contribute additional, unplanned subsidies.
  • Banks should receive CRA rating downgrades for such behavior as well as for seeking community development lending credit for loans that foreseeably lead to displacement of low and moderate income residents the CRA was meant to benefit.
  • CRC is deeply concerned about Fannie Mae’s recent commitment to guarantee up to $1 billion in debt backed by single family rental homes owned by private equity giant Blackstone.
  • Fannie Mae and Freddie Mac must continue to invest in the National Housing Trust Fund and Capital Magnet Fund.
  • Importantly, HUD must continue to implement Affirmatively Furthering Fair Housing obligations and assist local jurisdictions in meeting critical housing needs, fighting displacement and creating access to areas of opportunity for all.

Immigrant Access

The current political environment, with its changing policies and harsh rhetoric is threatening to drive immigrant communities out of the country, or out of sight. A recent CRC survey of confirms that many of our organizational members are seeing clients go underground, fail to show up for jobs, and forego access to needed services because they are concerned about ICE.

  • Bank regulators and banks should work together to clarify and simplify the privacy data rights of immigrants so they will not fear that banks will share their private data with the government.
  • Banks should also be encouraged to lend directly to qualified immigrant homeowners and small business owners who may have ITIN numbers, as well as invest in CDFIs and community lenders that make such loans.
  • For banks serving large immigrant populations, they should consider what information may be helpful to share with their customers about power of attorney and other bank access issues should a household member face deportation.

Payday lending

Payday lending continues to be a scourge on working families, charging 400% APR for short term loans that trap unsuspecting consumers in cycles of debt.

  • The CFPB has designed well considered and reasonable rules to protect consumers against abuses.
  • Federal intervention is needed as payday lenders and lobbyists have a stranglehold in Sacramento.
  • Banks should be incentivized to continue to develop small dollar alternatives to such products and to assist CDFIs and other community lenders that seek to fill this niche, and should also be penalized in their CRA exams for any financing to high-cost, predatory lenders.

Overdraft

According to the CFPB, the majority of overdrafts are on transactions of $24 or less and are repaid within 3 days or less. The CFPB calculated that with a median overdraft fee of $34, this is equivalent to a loan with a 17,000 APR.

  • It is telling that payday lenders defend their triple digit APR loans by saying consumers are merely making informed decisions to take out payday loans because they are less expensive than overdraft fees.
  • Banks continue to overly rely on overdraft fees as a source of fee revenue, to the detriment of their clients. CFPB rules on abusive overdraft policies are important, and all regulators should independently examine the impact of overdraft on bank customers, and work with their banks to end this product.

 

More on CRC’s Redlining Complaint Against CIT Group

Redlining Complaint Against OneWest Bank filed by California Reinvestment Coalition

Mortgage lending in 2015 (CRC)

The complaint alleges that OneWest Bank’s lending to borrowers in communities of color is low in absolute terms, low compared to its peer banks, and is lower than one would expect, given the size of the Asian, African American and Latino populations in Southern California.

Branch locations OWB

As part of the complaint, an analysis of the bank’s assessment areas found that OneWest has only 1 branch in an Asian majority census tract, no branches in African American majority census tracts, and 11 branches in Hispanic majority census tracts.

Branches in Asian, African American, and Hispanic majority trats (OWB)

While OneWest’s foreclosure record is not part of the redlining complaint, analysis by CRC and Urban Strategies Council found that OneWest was nine times as likely to foreclose in communities of color as compared to extending mortgage loans in communities of color.

OWB foreclosures vs originations

Owning a Home: Tools and resources for homebuyers (Guides from the CFPB)

house-jerry-1

If you’re in the market for a home, these guides are a big help.

This article is provided to CRC by the Consumer Financial Protection Bureau.

Owning a Home

  • Owning a Home is a suite of tools and resources to educate, support, and empower consumers to shop effectively for a mortgage and to make better, more informed decisions throughout the mortgage process. It helps consumers understand the basics of mortgages, orient themselves to the market and the steps of the home loan process, and consider factors that may affect their own mortgage decision. The tools and resources aim to create a culture of shopping in the mortgage market by helping consumers understand what types of mortgages may be available to them, get organized to successfully navigate the mortgage shopping process, and learn what questions to ask along the way. The Owning a Home tools and resources described below are available at gov/owning-a-home/

KNOW THE PROCESS

  • The Owning a Home suite includes an interactive guide, Know the process, to help consumers navigate the mortgage process. The guide includes action steps, information, and tips that take consumers from the beginning of the process, when they are preparing to buy a home, through closing, when they sign for their mortgage loan. The guide includes four sections: Prepare to shop, Explore loan choices, Compare loan offers, and Get ready to close. The guide also includes links to the other Owning a Home tools and resources, described below, which allow consumers to consider factors specific to their situations. This guide is available at gov/owning-a-home/.

EXPLORE INTEREST RATES

  • The Owning a Home suite includes a tool that helps consumers explore the range of interest rates they might expect to be offered, and how much they might be able to save – for example, by shopping among different lenders, changing their down payment amount, or improving their credit score. The tool helps consumers orient themselves to the market and understand how shopping around for different offers or terms might affect their bottom line. This tool is available at gov/owning-a-home/explore-rates/.

UNDERSTAND LOAN OPTIONS

  • Understand loan options is a consumer guide to understanding the basics of mortgage loans and the key choices that make up a loan option, such as loan term, loan type, and interest rate type. Knowing what kind of loan options exist can prepare a consumer for talking to lenders and getting the best deal. This resource is available at gov/owning-a-home/loan-options/.

LOAN ESTIMATE AND CLOSING DISCLOSURE EXPLAINERS

  • New forms make it easier for consumers to understand and compare terms of different mortgage loans. The Owning a Home suite includes interactive sample disclosure forms that help consumers understand the details and terms used on the forms. The interactive sample disclosure for the Loan Estimate form is available at gov/owning-a-home/loan-estimate/. The interactive sample disclosure for the Closing Disclosure form is available at consumerfinance.gov/owning-a-home/closing-disclosure/.

CLOSING RESOURCES

  • Closing on a home and mortgage can be stressful. A mortgage loan is a major financial commitment, and consumers should review the loan contract and other materials carefully. However, there are a lot of documents to review. The Owning a Home suite includes two resources to help consumers navigate the process: a closing checklist and a guide to key closing documents. Both resources are available at gov/owning-a-home/process/close/.

INCLUSION, COMMUNITY AND EQUITY: Affirmatively Furthering Fair Housing in an Adverse Climate

Do you work in housing in the North Bay or in the Bay Area?  You may be interested in this conference happening on Wednesday, April 5, 2017, sponsored by Fair Housing Advocates of Northern California.

Editor’s note: CRC’s Kevin Stein will be speaking on a panel focused on access to credit, through a Affirmatively Furthering Fair Housing lens.

The schedule for the conference is included below, if you’re interested in registering, visit this link. 

INCLUSION, COMMUNITY AND EQUITY:

Affirmatively Furthering Fair Housing in an Adverse Climate

Wednesday, April 5, 2017

2017 Conference Agenda

9:00-9:30: Check in / Coffee

9:30-9:45: Welcome

  • Caroline Peattie, Executive Director – Fair Housing Advocates of Northern California
  • Supervisor Judy Arnold

9:45-10:45: Keynote Address: John P. Relman, Managing Partner – Relman, Dane & Colfax PLLC

Why Fair Housing Cannot Wait: The Path Forward in an Uncertain Time

10:45-11:30:  Special Guest: James Perry, President, CEO – Winston-Salem Urban League

Mr. Perry will discuss the history of segregation and how it has impacted opportunities for fair and affordable housing, employment, education, transportation, health, and other factors in affirmatively furthering fair housing.

11:30-12:00: Norman Lear’s “America Divided” – What Can Testing Do?

Fair Housing Advocates of Northern California will present the importance of a robust testing program, showing a brief segment of Norman Lear’s “America Divided,” which features the Fair Housing Justice Center’s testing program in New York, capturing housing discrimination on video during an undercover investigation.

12:00-1:00: Working Lunch – Facilitated Discussions

  • Discussion Group 1: Facilitated by Laura Eberly, Community Organizer – YWCA

Session for practitioners seeking concrete tools to bridge the gap between diversity and true inclusion. Ms. Eberly will facilitate a discussion using exercises and insights from YWCA’s Inclusion Inventory for those who value diversity and hope to move our equity efforts – at the personal and organizational and systems levels – from conversation to effective action.

  • Discussion Group 2: Facilitated by David Levin, Managing Attorney – Legal Aid of Marin

Session for attorneys and advocates of follow-up activities to affirmatively further fair housing in the North Bay, for example:

  • Immigrant education and advocacy to address current challenges
  • Housing issues for immigrants and other protected groups
  • Education equity and other obstacles to opportunity

After a brief outline of certain ongoing issues, there will be an open discussion and request for ideas to address these issues.

1:00-2:30: Break-out Sessions

Session 1 Panel: Tenant Track

This session will examine strategies and successes related to local action and efforts around the Bay Area that advance tenant protections and affordable housing preservation/development that affirmatively furthers fair housing choice — what works, what it takes to break barriers, and what are the challenges to overcome.

  • Moderator: Linda Jackson, Program Director – Aging Action Initiative
  • Leah Simon-Weisberg, Managing Attorney – Oakland Centro Legal de la Raza and Tenants Rights Program (formerly Legal Director at Tenants Together)

While we are at 1960s segregation rates, there are tools available to reach equity. How does the current administration impact our efforts?

  • Davin Cardenas, Lead Organizer – North Bay Organizing Project

How does community organizing and advocacy expand tenant protections for the most vulnerable populations, and what are the greatest obstacles in creating change?

  • Margaret Van Vliet , Executive Director – Sonoma County Community Development Commission

What can be done to expand the supply of affordable housing while promoting integration and expanding housing choice for people of color, families with children, and people with disabilities?

Session 2 Panel:  Real Estate/Homeownership Track

This session will focus on opening access to credit through the AFFH lens —focusing on current consumer protections and potential threats to protections currently in place: What can consumers and advocates do to be proactive in maintaining those protections?

  • Moderator: Laura Eberly, Community Organizer – YWCA

How do we build greater investment and financial equity for communities of color? Our responses to the housing crisis must address equity or else reinforce all the same discriminatory patterns we already have.

  • Kevin Stein, Associate Director – California Reinvestment Coalition

How will changes in the Home Mortgage Disclosure Act (HMDA) data – particularly disaggregated race data change the way consumers and advocacy groups look at lending? What are some of the fair lending issues CRC has tracked most recently, and what are some tools to help open access to credit while protecting consumers from abuse?

  • Nikki Beasley, Executive Director – Richmond Neighborhood Housing Services

Bringing perspective from her 20 years in banking, Ms. Beasley will address the changing face of homeownership, the challenges of securing affordable housing for those who are low-income, and the importance of advocacy efforts to become embedded in local governments, as well as examining what we can proactively do now to address the wealth gap.

2:30: Break

2:45–4:00: Closing SessionThe Progress of Fair Housing and its Future in California

  • Moderator: Sarita Turner, Associate Director – PolicyLink
  • Lisa Bates, Policy Deputy Director – California Housing and Community Development

The state of California’s current and future efforts to Affirmatively Further Fair Housing.

  • James Perry, President, CEO – Winston-Salem Urban League

How the community can engage in the conversation about and impact the outcome of a jurisdiction’s priorities and policies, using the Assessment of Fair Housing as a tool.

  • Sam Tepperman-Gelfant, Senior Staff Attorney – Public Advocates

How California can strengthen the mandate to increase housing opportunity despite threats to HUD’s AFFH rule.

4:00: Conference ends

How Much Money Does Wall Street Spend on Lobbying and Campaign Contributions?

occupy-wall-street-political-cartoon-lobbyists

Political cartoon by Mike Luckovich, Atlanta Journal Constitution

A new report from Americans for Financial Reform provides a troubling window into the amount of cash pouring into Congress from Wall Street since the 2008 crisis -it’s over $2.7 million a day, and more than $3.7 million per member of Congress!

Wall Street Money in Washington,” is a 62-page examination of political spending, draws on a special data set compiled by the Center for Responsive Politics for AFR in order to provide a more precise look at financial industry spending than is otherwise possible.

Campaign Contributions: $1.2 billion. Individuals and entities associated with financial reported making $1,201,417,199 in contributions to federal candidates for office during this election cycle. The financial sector’s contributions were almost twice that of any other specific business sector identified in the data. Of the $688,150,613 in party-coded contributions by PACs and individuals associated with finance, 55% went to Republicans and 45% went to Democrats.

Five U.S. Senators and two House members were among the biggest Congressional recipients of financial sector contributions. Sen. Marco Rubio (R-FL) topped this list with $8,687,969. The other senators were Ted Cruz (R-TX), with $5,482,011; Charles Schumer (D-NY), with $5,345,563; Rob Portman (R-OH), with $4,158,259; Pat Toomey (R-PA). Members of the House of Representatives were led by House Speaker Paul Ryan (R-WI), with $5,727,069; and House Majority Leader Kevin McCarthy (R-CA), with $3,397,980.

Lobbying: $898 million. The financial industry reported spending a total of $897,949,264 on lobbying in 2015 and 2016. This puts the sector in – close – third place, behind the Health sector, which spent $1,022,907,176, and a category of “Miscellaneous Business,” a sector that that itself probably includes some Wall Street lobbying by business groups with a broader focus than only finance.

Since 2008, the financial services industry has spent more money on contributions and lobbying than it did before the crisis, and the total in this cycle is the highest yet. 

“The entire apparatus of government operates in an environment flooded with millions of dollars in Wall Street cash on a daily basis,” said Lisa Donner, executive director of Americans for Financial Reform. “If you want to understand why finance too often hurts consumers, investors and businesses far from Wall Street, take a look at these numbers.”

You can read the whole report on the Americans for Financial Reform website. 

 

Financial Resources for Immigrants and Low Income Families

It’s unfortunate, but true: new federal actions are threatening the economic security of low-income families across the country.

Several California community organizations responded to this new threat by hosting an event last week for nonprofits that serve low-income families.  Speakers focused on how front-line staff members at nonprofits can work with families to connect them to money and other resources to help prepare for future emergencies- or to meet present needs.

Tickets for the event, held at the Alameda County Social Services Agency, were sold out.

Experts from the National Immigration Law Center, International Rescue Committee and Bay Area Legal Aid answered questions about the Earned Income Tax Credit (EITC), the new California Earned Income Tax Credit, Child Care Tax Credit, and other safety net benefits.

EITC

Participants learned how to help their clients use and apply for ITINs (Individual Taxpayer Identification Number) to receive tax refunds, about the many different public benefits and their eligibility requirements

In addition, at another panel, representatives from banks discussed account options for families to receive refunds and other cash assistance safely- without expensive check cashing or overdraft fees.

The California Reinvestment Coalition partnered with the United Ways of California, Alameda County Community Asset Network, and the Alameda County Social Services Agency to hold the event. CRC is grateful to our co-sponsors, the presenters, Y & H Soda Foundation which helped fund the event, and the attendees who made the event a success.

 

Sacramento Bee Weighs in on California’s Secure Choice Retirement Program Being Attacked

Last week, HJ Res. 66 moved forward, and several California representatives voted for it, including Rep. Kevin McCarthy, Rep. Devin Nunes and Rep. Ed Royce.

CRC is deeply disappointed to see this well-thought out program come under attack and will oppose any efforts to dismantle a program that helps people to save money for retirement.

Watch a Screening of “The Ordinance” with Stop the Debt Trap LA on Feb 22nd

Join Stop the Debt Trap LA on Wednesday, February 22nd from 2 – 4 pm for a screening of “The Ordinance” documentary film, followed by a short campaign briefing and planning meeting. the-ordinance

With billionaires, racists and Wall Street executives running the country, our communities are especially vulnerable.

Come learn more about how we’re organizing locally to shore up protections for consumers and communities against predatory lenders.

“The Ordinance” is a new short film focused on the fight to reform predatory lending in Texas, and the role that local communities, faith leaders and policy makers played in putting out the “not welcome” mat to financial predators in their community.

Much like in California, the Texas legislature is partial to the payday loan industry, and legally allows for abusive triple-digit interest rate lending. In Texas and in California, communities are fighting back and organizing to pass local policies in their cities to stop the growth of these industries and send a strong message to state and federal policy makers that enough is enough!

Come learn more about the local movement against predatory payday and car title lenders, and how you can get involved in our advocacy campaign!

Light refreshments will be provided.

Please RSVP either on CRC’s Facebook page, or by emailing Liana Molina.

If you have any questions or would like more information, contact Liana at liana@calreinvest.org

You can watch the trailer for the movie by clicking here.