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Resources for Banks Impacted by Recent Wildfires

The California Bankers Association has prepared the following resources to aid financial institutions impacted by the recent fires in northern and southern California.

Announcements and Alerts

New website launched! Governor Gavin Newsom has just announced the launch of a new state website with tools and resources for Californians who have been impacted by wildfires and utility-directed power shutoffs.

Press release

The California Bankers Association Responds to Wildfires and Public Safety Power Shutoffs

SACRAMENTO, Calif. – The California Bankers Association (CBA) released the following statement regarding the recent wildfires burning across the state, and the recurring public safety power shutoffs (PSPS):

 

“California banks are deeply committed to the communities that we serve. We stand ready to assist and help our customers who have been impacted by the recent wildfires or public safety power shutoffs.

Press release

New Report Finds Credit Unions Operate with ‘Scant Regard’ for Statutory Mission

On the eve of the 85th anniversary of the Federal Credit Union Act’s enactment, new research released today found that credit unions are falling short of their mission to serve households of “small means.” In fact, according to the research by respected analyst Karen Shaw Petrou, credit union members are disproportionately from middle- and upper-income households, and credit unions’ lack of “mission compliance” deepens U.S. economic inequality.

Press release

New Poll Shows Majority of Californians Oppose Government-Run Public Banks

SACRAMENTO, Calif. – The California Bankers Association (CBA) released the results of a poll conducted by FM3 Research that shows the vast majority of Californians oppose government getting into the business of banking. Currently, there is a measure before the California Legislature, Assembly Bill 857, authored by Assembly Members David Chiu of San Francisco and Miguel Santiago from Los Angeles, which allows for the creation of government-run public banks at the municipal level.