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Communities Creating Opportunities Celebrates in Kansas City

Submitted by on August 6, 2010 – 11:01 am
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The following article was published in Dos Mundos, a Kansas City news service, and covered CCO’s celebrating following the financial reform bill signing.  Click here to read the full article in English and Spanish, and see photos from the event on page 3A.

The grassroots organization Communities Creating Opportunities (CCO) did some celebrating after President Obama recently signed the Restoring American Financial Stability Act, a piece financial reform legislation designed to help homeowners keep their houses. Volunteer and leaders of CCO organized home loan modification event; they sent delegations to Washington, DC; had meetings with the US Treasury, Federal Reserve and public officials. Benefits include $ 1 billion for at-risk unemployed homeowners; consumer protection; the creation of a financial watchdog to ensure consumer protection; and independent oversight of predatory industries.