Island Pacific Supermarket Kiosks Help Consumers Fight Robocalls

The National Asian American Coalition (NAAC) today announced it is distributing consumer tip cards from the Federal Communications Commission (FCC) in Mandarin Chinese, Spanish, Tagalog and Vietnamese in Island Pacific Supermarkets. The FCC cards provide customers with helpful information for avoiding unwanted calls and texts, including robocalls, which are consistently among the top problems consumers cite when filing complaints with the agency. FCC rules limit many types of robocalls.

The cards will be available at four stores in California – in Union City, Panorama City, Vallejo, and Elk Grove. Store customers will find the cards displayed at check-out lines and NAAC kiosks alongside consumer materials on financial issues. The Island Pacific Supermarket stores have NAAC’s staff & kiosk tablets where customers can access consumer information in their own language on several topics.

FCC consumer information in AAPI languages could expand soon to more Island Pacific Supermarkets in California, Nevada and Washington.

More information on resources you can use and steps you can take to prevent robocalls is available at fcc.gov/robocalls. For a full list of FCC’s consumer guides, go to fcc.gov/consumer-guides. You will find links there to consumer guides in Chinese, Korean, Spanish, Tagalog and Vietnamese.

The NAAC is a non-profit community advocacy group that works with African-American, Latino and Asian American organizations on broadband adoption, home ownership and small business lending.

The Island Pacific Supermarket chain is an ethnic Filipino community-based grocery store specializing in Filipino cuisine with an emphasis on Asian products.  There are 18 Island Pacific Supermarkets in California, one in Nevada and one in the state of Washington.  The headquarters office is in Walnut, California.

The Federal Communications Commission regulates interstate and international communications by radio, television, wire, satellite, and cable in all 50 states, the District of Columbia and U.S. territories. An independent U.S. government agency overseen by Congress, the Commission is the federal agency responsible for implementing and enforcing America’s communications law and regulations.

    

Article: California Leaders Launch The Capital Corps, LLC

California Leaders Launch The Capital Corps, LLC

  • Prime lender to expand access to capital for homeowners and small businesses, including those with non-traditional credit needs unable to borrow directly from banks.
  • Announces leadership team led by former Banc of California executives Steven Sugarman (Founder, Chairman, CEO), Jeffrey Seabold (co-Founder, Vice-Chairman, Chief Banking Officer), Paul Simmons (Chief Credit Officer), Thedora Nickel (Chief Administrative Officer), Janet Hargreaves (Management Information Systems), and Raquel Gillett (Financial Controls).
  • Announces community advisory board led by Faith Bautista (CEO, National Diversity Coalition (“NDC”) and National Asian American Coalition (“NAAC”)), Jin Sung (Chair, NDC), Jeff Lim (Co-Chair, NAAC), Pastor Mark Whitlock (COR AME Church), and Gil Vasquez (Chair, Los Angeles Latino Chamber of Commerce).

LOS ANGELES–(BUSINESS WIRE)–Founders Steven Sugarman and Faith Bautista announced today the launch of The Capital Corps, LLC (“The Capital Corps”), a California based financial institution focused on providing access to capital to diverse homeowners and small businesses, including those with non-traditional prime credit needs currently unserved by banks and traditional financial institutions. Mr. Sugarman and Ms. Bautista will be joined by co-Founder Jeffrey Seabold and an experienced team of bankers and lenders to serve this marketplace. Additionally, The Capital Corps made the following announcements today:

“The Capital Corps will focus on ensuring its lending platform is scalable, financially strong and the leader in non-traditional prime lending. We seek to meaningfully expand access to capital to the over $100 billion of diverse borrowers that are currently unserved by banks.”

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  • The Capital Corps has formed strategic partnerships with the National Diversity Coalition and the National Asian American Coalition to expand the reach of its programs and ensure the programs are appropriately tailored to the needs of their members.
  • The Capital Corps has appointed Faith Bautista as Chair of its Community Advisory Board and named Jin Sung, Jeff Lim, Pastor Mark Whitlock and Gil Vasquez founding members.

“The launch of The Capital Corps is the realization of a commitment I was proud to announce alongside President Clinton, Mayor Villaraigosa, and the California Reinvestment Coalition in 2015. We pledged to collaborate with community leaders to create a lending platform focused on providing access to capital to credit-worthy borrowers who need it most. Our goal was to reshape lending under the Community Reinvestment Act to be more impactful to underserved communities with better risk adjusted returns for banks. It gives me great pride today to make good on that commitment.” Said Mr. Sugarman.

Mr. Seabold stated, “The Capital Corps will focus on ensuring its lending platform is scalable, financially strong and the leader in non-traditional prime lending. We seek to meaningfully expand access to capital to the over $100 billion of diverse borrowers that are currently unserved by banks.”

To ensure The Capital Corps has robust financial strength and stability, we will seek certification as a community development financial institution by the U.S. Department of Treasury and membership with the Federal Home Loan Bank of San Francisco.

Mr. Sugarman continued, “Employees, borrowers, and the diverse communities we serve must know that their lenders will be there to finance their homes and businesses during all seasons and all cycles, and will not cut and run over short term pressures. The Capital Corps team has demonstrated their commitment to the communities we serve over the long haul. We have set up our governance and structure to maximize our ability to serve all borrowers safely and soundly for decades to come. We couldn’t be more excited to be recruiting partners – capital, community, employee, and strategic – who are authentic, passionate, and mission-driven.”

Founder Faith Bautista, Chief Executive Officer of the National Diversity Coalition, remarked: “I have worked for years to find ways to encourage hundreds of banks to expand their community development efforts to low income and minority communities that are left out of the system. Steven Sugarman was the rare bank CEO who found innovative ways to help our members while ensuring his bank was protected and profitable. That is why he was the first banker who earned the National Diversity Coalition’s highest honor: The Giraffe Award. The award is given to the person willing to stick their neck out for the benefit of doing the right thing for the community. He has the integrity, community commitment, and financial experience that we need. We are grateful to partner with Steven and his team for the benefit of the diverse borrowers who are currently left underserved by traditional banks.”

Jeff Lim, CEO of Island Pacific Supermarkets and Co-Chair of NAAC, stated “Mr. Sugarman and Mr. Seabold helped me grow Island Pacific into the second largest Filipino supermarket in the country through their lending, advise and support. I am thrilled to partner with them to expand access to capital to the next generation of minority owned businesses and entrepreneurs, and to attract capital and build operations in a sound, scalable way.”

In order to ensure that The Capital Corps appropriately meets the evolving needs of the diverse borrowers and communities it serves, it has launched a Community Advisory Board that will provide oversight and advice relating to portfolio lending programs, servicing strategies, and client acquisition and outreach.

The Capital Corps will serve non-traditional prime borrowers by returning to more traditional methods of underwriting residential real estate focusing on the 5-C’s of credit – including a borrower’s character. In its credit decisions, The Capital Corps will place special emphasis on the borrower’s character as opposed to narrow service-bureau-driven credit analytics deployed by banks during the recent credit crisis. The Capital Corps will partner with banks who wish to promote community development goals through lending to underserved communities including low income individuals and communities, borrowers with limited access to capital including African-Americans, Hispanics, underserved Asian populations, women-only borrowers, and borrowers with limited relevant credit histories.

About The Capital Corps, LLC

The Capital Corps, LLC empowers diverse small businesses, entrepreneurs and homeowners to pursue their dreams by expanding access to prime capital for non-traditional borrowers. The Capital Corps focuses on lending secured by residential real estate and provides credit counseling services to its borrowers. The Capital Corps has partnerships with the National Diversity Coalition and the National Asian American Coalition and community leaders to actively participate in the lending process through their Community Advisory Board to ensure its lending programs appropriately reflect the needs of the communities it serves. The Capital Corps’ team is led by its Founders Steven Sugarman and Faith Bautista and co-Founder Jeffrey Seabold. For more information: http://www.thecapitalcorps.com

About The National Diversity Coalition

The National Diversity Coalition is an official 501(c)(3) tax-exempt organization which is comprised of community organizers, faith-based leaders, nonprofit directors, and business owners working collectively for greater financial equality and empowerment for underserved groups. Together we work with corporate and government leaders to advocate for greater opportunities in homeownership, small business, and financial literacy for all people. For more informationhttp://www.nationaldiversitycoalition.org

FCC Consumer Guides in Four AAPI Languages – Now Available Online!

Subject: FCC Consumer Guides in Four AAPI Languages – Now Available Online!

The Federal Communications Commission’s top consumer guides are now available in Chinese, Korean, Vietnamese and Tagalog to better serve Asian American and Pacific Islander (AAPI) communities. Developed at the suggestion of several AAPI advocacy groups, these translated materials are provided to help consumers understand their rights and protections under telecommunications laws and FCC policies.  

Consumer guides address topics that range from understanding your phone bill to stopping unwanted calls, and from wireless technologies to frauds, scams and alerts. They are available on FCC.gov via the following links:

消費者指南 (Chinese)

소비자 안내서 (Korean)

Người tiêu dùng Hướng dẫn (Vietnamese)

Consumer Mga Gabay (Tagalog)

Please help us spread the word about these newly translated materials and share ideas about how to let others know about them. Email us at outreach@fcc.gov

Small Business Development Workshops in San Deigo, CA!

Small Business Workshops happening in San Diego, CA!

Veterans Scholarship Program & Veterans Emergency Grant Program

The Wells Fargo Veterans Scholarship Program & The Wells Fargo Veterans Emergency Grant Program

Wells FargoWells Fargo has been helping military members and veterans succeed financially for more than 160 years.

They continue to develop resources to serve the needs of the military and veteran segment. They recognize that transitioning service members have unique needs. They want to address those needs to help them transition more effectively to civilian life. This is now part of a growing, comprehensive spectrum of services and resources they provide directly to empower our service members, veterans and their families.

Despite federal education benefits for veterans, unmet financial need often derails educational progress.

The Wells Fargo Veterans Scholarships will fill gaps for veterans and the spouses of disabled veterans after military benefits and other grants and scholarships have been utilized. Wells Fargo’s ongoing emergency grant program will help veterans already enrolled in postsecondary education meet their household expenses, helping ensure that they are able to stay in school without creating undue financial hardship for themselves or their families.

Please share with members of your network that may be a fit for the programs.

The Scholarship Program deadline to apply is February 29, 2016. 

View the WF Veteran Scholarship Flyer PDF >>