IDEAL CDC took some students to visit Banc of California Headquarters in Santa Ana. We had guest speakers from HR, IT and Compliance talk about their role at the bank and some insight information. Erica Luna, from Banc of California, gave us a tour of the bank and we ended the tour with a great Financial Literacy Presentation. Thank You, Banc of California, Erica Luna, and Chis Garcia!
Thank You Amy Herauf and City National Bank for the donation of over 30 computers and laptops. We are in the process of building our computer lab, we gladly accept any and all donations!
Préstamos! Dinero, asistencia a negocios. Préstamos a iglesias. Seminarios de finanzas! Empoderamiento economico. Ven y aprende como hacerlo!
Loans! Money, business assistance. Loans to churches. Financial seminar! Economic empowerment. Come and learn how to do it!
Such an honor to have been able to attend Telacu’s Building the Dream Gala! What an incredible event, Thank you Telacu for making a difference in the lives of many Students. Thank you Peter Hidalgo from Charter for inviting us and always thinking of us. We thank all the Dream sponsors who have pushed us to do great work in our communities. Everyday we are growing in knowledge, connections, network, impact and numbers.
Last month we met with State Bank of India for the second time and they showed up with a donation to support what IDEAL is doing in our community, but wait not just that.. They heard our need and will be helping us establish a computer lab at our location that the community can use. Thank you State Bank of India for your monetary contribution to our mission, vision, and community in EAST LA. We are grateful to have people like you helping make our community a flourishing community.
Had the honor of meeting with SEC Chairman Jay Clayton at U.S. Securities and Exchange Commission today. He was a very sharp guy that wants more clarity and simplicity for the average investor. While I was advocating for the fiduciary rule and also clarifying titles between financial advisors and salespeople, it’s a start. We have a representative with Chairman Clayton that does care about the average investor and also wants to see more diversity on advisory boards.
What a great honor to have met and discussed how we can make an impact in our community with Jerome Powell, Chairman of the Federal Reserve. The chairman of the Federal Reserve Board is the public face of the Federal Reserve Bank. Officially, the chairman is the active executive officer of the Federal Reserve Board. The main responsibility of the chairman is to carry out the mandate of the Fed, which is to promote the goals of maximum employment, stable prices, and moderate long-term interest rates.
With Comptroller of the Currency Joseph Otting. If you’ve never heard of the Comptroller before, he essentially is the head of all banking in the U.S. Our meeting was to discuss the changes coming to the Community Reinvestment Act (CRA) and give our feedback on what’s working and not working from the grassroots level. If you’ve never heard of CRA, it was enacted by Congress in 1977 and is intended to encourage depository institutions like banks to help meet the credit needs of the communities they serve. Mr. Otting was very open to feedback and also seems to have a strong understanding of some of the same shortcomings we see. We look forward to working with him after his organization releases his first draft for new CRA guidelines later this month!
Want to Make a Big Impact? Go out and Register to vote! There are so many pressing issues that need to be resolved, but Not many people are going out to vote on these important issues, please make sure to register to vote, your vote counts! Representative Lucille Royball-Allard is leading the way, by being a powerful voice for our community in DC!! Thank you Lucille for taking time out of your busy day to Meet with the Avance Latino IDEAL CDC Team. Let’s all work together to make some real change in our community!