Rise Economy

Graphic welcoming new Rise Economy board members Monte Jones, Margaret Libby, and Clemente Mojica.

We’re excited to welcome three economic development leaders as the newest members of our Board of Directors:

Monte Jones, Logan Heights CDC
Margaret Libby, MyPath
Clemente Mojica, NPHS

Deeply grateful for their commitment to economic justice!

Read more:
rise-economy.org/rise-economy...

Feds sue to block state oil-field setbacks law The federal Department of Justice filed a lawsuit Wednesday intended to nullify a contentious state law banning oil-field activity within 3,200 feet of homes and other sensitive sites.

Even as U.S. oil supply outpaces demand, the Trump administration is suing California—for keeping oil wells away from elementary schools, homes, day-care centers, hospitals, and parks. Big Oil over public health, again.

The facts are clear: Huerta was arrested while peacefully exercising his constitutional rights at an ICE raid. Now, he faces retaliatory charges.

This prosecution isn’t about justice—it’s about power. It’s meant to silence those opposing Trump’s attacks on immigrants. #StandWithDavid

The CDFI Fund Won Allies in Red States and Major Banks. Now It’s Counting on Them to Survive. A GOP sign-on letter, Wall Street backing and growing bipartisan alarm reveal how essential community development financial institutions have become — even as the White House moves to gut key support ...

The CDFI Fund Won Allies in Red States and Major Banks. Now It’s Counting on Them to Survive.
nextcity.org/urbanist-new...

🚀 Rise Economy’s Fall 2025 Curated Learning Series kicks off Friday, Sept. 26 with two free virtual sessions! Topics include: AI, Innovation & Equity, AI tools for Lenders & Nonprofits

👉 Register here: rise-economy.org/clseries/sept

#AIForGood #CDFI #NonprofitTech

Exclusive: US regulators cancel bank exams as Trump rollback gathers pace U.S. regulators are pulling back on some bank exams and the use of confidential disciplinary notices, a sign lenders are already benefiting from a softer touch under President Donald Trump's administration, said more than half a dozen industry executives.

Weak bank supervision → bank failures → taxpayer bailouts. Bank CEOs walk away. The rest of us pay. How many times have we seen this movie before?

#BankingRegulation #FinancialStability #Oversight #CAStatePublicBank

Have you downloaded @ran.org's latest #BankingOnClimateChaos report? Sadly, perhaps unsurprisingly over ⅔ of the banks covered in the report INCREASED their fossil fuel spending. See where your bank lies: bankingonclimatechaos.org #Chase #Citi #BofA #RBC/#CityNationalBank #WellsFargo

Civil Rights, Business, and Economic Justice Advocates Sue Trump-Vance Administration For Rollback of Anti-Discrimination Lending Rule | Rise Economy

We are suing the Trump Administration!

rise-economy.org/press-releas...

We are standing in solidarity with @seiuca.bsky.social this morning to #FreeDavidHuerta and #FreeThemAll. ICE out of LA!

We call for the immediate release of labor leader David Huerta and an end to ICE Raids and the militarization of our communities. Join in solidarity on Monday @ 11:00 AM @ Grand Park in Downtown LA (200 N Grand Ave) #FreeDavidHuerta #FreeThemAll

Trump Quashed Updated CRA Rules. Can California Step Up With a State CRA? Seven states and Washington, D.C., currently have their own state-based Community Reinvestment Acts to help invest in underserved communities. Community finance leaders are working to ensure Californi...

#CRA4CA 🏘️
The journey to pass AB 801 (Bonta) continues. Today in @nextcity.org: Trump Quashed Updated CRA Rules. Can California Step Up With a State CRA? nextcity.org/urbanist-new...

We’re just one week away from the 2025 Northern California Equitable Futures Awards — an evening to honor equity, leadership, and collective power. 🌆✨

📅 May 15 | 📍 Oeste Bar & Kitchen, Oakland
🎟️ Join us! Tickets are still available: bit.ly/25NorCalEFAs...

Today is the day! AB 801 is being heard today! A state CRA in California would set standards for fair banking 🏦, tackle the racial wealth gap and support communities across the state 🏘️. Tune in at 3:15pm PST: abnk.assembly.ca.gov/hearings
#YesonAB801 #CRA4CA #caleg #ResistReinvestRebuild

CalAccount Clears Two Major Hurdles in Sacramento | Rise Economy

CalAccount is moving! AB 1365 advanced through 2 Assembly committees this week. The bill would create the nation’s first state-backed, fee- and penalty-free basic banking program. rise-economy.org/calaccount-c... @capublicbanking.bsky.social @seiu.org #BankingForAll #CalAccount

Don't miss!
Today @ 2pm PST join former CFPB Dir. Rohit Chopra, @democracyforward.org Senior Counsel Rachel Fried & Ellie Blume from the Office of @agrobbonta.oag.ca.gov
for a forum on what the attacks against the CFPB mean for civil rights & consumer protections. Register: zoom.us/webinar/regi...

Bay Area Advocates Slam Social Security Number Cancellations for Thousands of Immigrants | KQED Bay Area economic justice advocates worry that the Trump administration's decision to cancel the social security numbers of 6,300 immigrants, and possibly more, will drive more people into the financi...

“We’ve worked a long time to get immigrants to participate in the economy, to pay their taxes so they can someday naturalize. And now that’s being used as a weapon to disenfranchise them completely.” - @paugonzalez510.bsky.social

📰 Read more via
@kqednews.kqed.org www.kqed.org/news/1203578...

Trump Order on CDFI Fund Risks Aid for Small Businesses, Housing Credit unions, banks and nonprofits are alarmed by an executive order targeting Community Development Financial Institutions, which support projects in low-income areas.

A CRA for California would allow for greater access to capital to CDFIs, organizations that fund affordable housing and small businesses across the state. #CACRA #AB801 www.bloomberg.com/news/article...

Asm. Bonta Introduces AB 801, the California Community Reinvestment Act | Rise Economy

" #AB801 not only holds financial institutions accountable, it will also drive billions of dollars into areas that need it most, creating jobs, expanding affordable housing, supporting homeownership and fostering economic equity.” - @paugonzalez510.bsky.social rise-economy.org/assemblymemb... #CACRA

Rise Economy and Members Take to Sacramento for Day of Advocacy | Rise Economy

"It’s one of the most direct and impactful ways to make our voices heard at the state level.” - @paugonzalez510.bsky.social
Read all about Rise Economy's 2025 Lobby Day below!
rise-economy.org/rise-economy... #ResistReinvestRebuild

“We have looked into the future and the future is ours. History and inevitability are on our side.” - Cesar Chavez, Commonwealth Club Address, 1984

We honor Cesar Chavez’s legacy of unrelenting organizing and advocacy for farm workers in California and workers all over the world. #CesarChavezDay

Rise Economy is in DC for @justeconomy.bsky.social's Hill Day! Thank you @warren.senate.gov, @fdicgov.bsky.social, @ushousefsc.bsky.social and more for meeting with members of our coalition today!

#JustEconomy #ResistReinvestRebuild #caleg

Today is Rise Economy's 2025 Lobby Day!

We're in Sacramento alongside allies and members of our statewide coalition to speak directly to legislators about our fight to build a more equitable economy for CA communities.

#RELobbyDay25 #ResistReinvestRebuild #CRA4CA #AB801 #CalAccount #AB1365 #caleg

Eliminating Barriers to Bank Accounts: How CalAccount Can Ensure Financial Inclusion and Serve as a Model for Public Banking - Roosevelt Institute In a new analysis, Sarah Stoller and Raúl Chávez shed light on the multitude of barriers to financial system access in the case study of California through surveys and focus discussions while also ana...

NEW: CA has one of the highest concentrations of unbanked individuals in the country. With banking protections rolling back, too many must to rely on predatory alternatives. A new report from @rooseveltinstitute.org shows how #CalAccount can change that. ➡️ bit.ly/43CbS2B @capublicbanking.bsky.social

Fact Sheet: The Overdraft Crisis | Rise Economy

📉 Credit unions continue to dominate the junk fee game, making up 16 of the top 20 highest fee-charging institutions in 2023. Why is this happening?

Get the full story in our new report "The Overdraft Crisis". 🧐💰 Read and download here: rise-economy.org/research_crc... #ResistReinvestRebuild

Former CFPB Director Rohit Chopra joins
@aaronparnas.bsky.social to discuss how Trump + Musk are gutting consumer protections, letting Big Banks & Tech run wild.

"I don't think we want to go back to a system where we have laws on the books protecting consumers but no one actually enforcing them."

News Release: More than 20 organizations Oppose Pro-Crypto Industry Stablecoin Bills - Americans for Financial Reform In a letter sent to Congress today, more than 20 state and national groups raised alarms over two bills — the STABLE Act in the House and the GENIUS Act in the Senate — that attempt to create a new re...

We stand with 20+ allies in opposing the STABLE & GENIUS Acts. There is nothing stable or genius about legislation that prioritizes crypto over everyday consumers, creating needless risk. #ProtectConsumers #ResistReinvestRebuild @ourfinancialsecurity.org ourfinancialsecurity.org/2025/02/news...

Hot off the press: "The Overdraft Crisis: A fact sheet examining how credit unions are failing California families" by Research Analyst Jamie Buell unravels systemic inequities baked into #creditunions' overdraft fee practices.
Read: rise-economy.org/research_crc... #junkfees #ResistReinvestRebuild

Stop Elon's Billionaire Grift: Hands off the CFPB · Indivisible Join Indivisible, Progressive Change Institute, MoveOn, Americans for Financial Reform, and CFPB Union NTEU 335 to Rally at the Consumer Financial Protection Bureau with Senator Elizabeth Warren and C...

We're standing in solidarity with our members, allies, @ushousefsc.bsky.social and @warren.senate.gov to demand that the #CFPB remains an agency that protects communities, not billionaires and corporate greed. #DefendCFPB #ResistReinvestRebuild
🛜 mobilize.us/s/efe7mz 🕰️ 1:15pm PST/4:15pm EST

Corporate-backed politicians are working to dismantle the @CFPB, the only agency that shields consumers from predatory practices. A strong CFPB is essential—we cannot let it become a corporate tool. #DefendtheCFPB #ResistReinvestRebuild

Rise Economy Statement on Firing of CFPB Director Chopra | Rise Economy

📣 "Chopra’s leadership demonstrated what a consumer watchdog can and should be — relentless in its pursuit of fairness, accountability and economic justice." - Rise Economy CEO @paugonzalez510.bsky.social
🔗 rise-economy.org/statement-on... #DefendCFPB #protectconsumers #ResistReinvestRebuild