PRESS ADVISORY

Embargoed until Wednesday, December 12th

For more information contact David Sharples, ACCE, 415-377-9037, dsharples@calorganize.org

Homeowners and Activists to March on Richmond Wells Fargo, Occupy the Bank and Demand Affordable Loan Modification and Principal Reduction for Struggling Richmond Homeowner

The group will tell Wells CEO John Stumpf to stop being a Grinch and will sing Christmas Carols like “Arrest ye Merry Bankermen!”

RICHMOND, CA – Members of the community group ACCE, Occupy Activists and other concerned Richmond residents will join Eloisa Mendoza, a struggling Richmond Homeowner, as she marches to a Wells Fargo branch and demands an affordable loan modification and principal reduction.

What: Action on Richmond, CA Wells Fargo

When: Wednesday, December 12th, 5pm

Where: Wells Fargo, 4300 MacDonald Ave, Richmond, CA

ACCE is calling on the major banks to stop being community killers and instead institute policies that put homeownership before foreclosure by using principal reduction as a core strategy to save homes and reboot the economy.

In addition, ACCE is calling on President Obama to get Fannie Mae and Freddie Mac to institute a real principal reduction program and Replace Ed DeMarco as head of the Federal Housing Finance Agency that oversees Fannie Mae and Freddie Mac.

Alliance of Californians for Community Empowerment (ACCE) is a multi-racial, democratic, non-profit community organization building power in low to moderate income neighborhoods to stand and fight for social, economic and racial justice. ACCE has chapters in eleven counties across the State of California. For more information visit

http://www.calorganize.org/ or follow ACCE on twitter @CalOrganize