Press Releases
- Calif. Assembly approves dangerous payday lending legislation
June 1, 2011
Assembly members approved AB 1158 which would raise the payday loan amount limit from $300 to $500.
- State legislators soundly reject bills to combat Calif. foreclosures
April 28, 2011
Even in light of tremendous involvement from constituents, consumer advocates, labor and grassroots organizations—and on the heels of robo-signing scandals that have caused thousands of wrongful foreclosures—legislators continue to oppose fair and simple legislation that would help Californians and the economy.
- Sen. Ellen Corbett introduces CA debt settlement bill
March 7, 2011
A new bill in California would protect consumers struggling with debt from loans and credit cards by implementing better, stronger rules for debt settlement companies.
- Senators Introduce California Homeownership Protection Act
March 4, 2011
A bill introduced in the California legislature would prevent banks from starting foreclosure and loan modification processes at the same time.
- Payday lenders less popular than liquor stores, majority of voters would support moratorium, according to San José poll
February 23, 2011
According to a recent poll of registered San José voters, liquor stores and check-cashers are more popular than payday lenders, with payday lenders’ unfavorable rating reaching 52 percent while liquor stores and check-cashers had unfavorable ratings of 34 and 46 percent, respectively.
- Latinos, African Americans more than half of all California foreclosures
August 17, 2010
Latinos and African Americans in California have experienced significantly higher foreclosure rates than non-Hispanic borrowers in the state, according to first-of-its-kind research released today by the Center for Responsible Lending.
- Foreclosure Avoidance Bill Clears California Senate
June 3, 2010
California Senate passed SB 1275, sponsored by Sens. Mark Leno and Darrell Steinberg, with a 21-12 margin. The bill would prevent banks and servicers from foreclosing on homeowners before first giving them decision on a loan modification if one has been requested.
- SB 1275 Faces Tough Fight in California Senate Banking Committee
May 28, 2010
SB 1275, a bill to prevent unnecessary foreclosures and reduce loan modification mistakes, faces a tough fight in the California Senate Banking, Finance and Insurance Committee.
- Select States are Poised to Accelerate Foreclosure Prevention
April 2, 2010
States that received "Hardest Hit" funding from the Obama Administration have an opportunity to show leadership in stabilizing the housing market and stopping foreclosures.
- Promises to make debt go away are not good enough
December 26, 2009
In California, hundreds of so-called debt settlement outfits get paid by desperate consumers for simply claiming they will reduce or eliminate the consumers' debts. A proposed bill isn't the answer.
