On June 22, the Federal Trade Commission (FTC) announced the outcome of a settlement with Equifax, one of the three major credit monitoring firms in the United States. ... read more »

Bank of America has named 20-year finance industry leader Lanän Clark as market executive for Merrill Lynch Wealth Management’s Orange County Inland Empire market, which includes offices in Brea, Indian Wells, Ontario, Riverside and Temecula.  She is responsible for a team of 115 financial advisors delivering wealth management solutions for clients at every stage of their lives, as well as building Merrill’s presence in the market.  Her team manages a $16 billion portfolio for individuals and families, corporate and institutional clients. ... read more »

It has been nearly two years since Equifax announced that a historically massive data breach left the personal information over 147 million people (almost half of all Americans) vulnerable to theft. The consumer credit reporting giant agreed last month to a $700 million settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 states and territories, $425 million of which has been set aside to compensate victims of the breach. ... read more »

The Earned Income Tax Credit was implemented as a way to offset the impact of Social Security taxes on low to moderate taxpayers and to provide them with an incentive to work. The credit can be worth up to $6,431 for 2018 and up to $6,577 in 2019 for families with three or more qualifying children. For taxpayers with two qualifying children, the maximum credit this year is $5,828. The maximum credit for one qualifying child is $3,526. ... read more »

Since its creation, the 14-member commission which was created by the State Auditor, has been responsible for drawing district lines for the State Senate, Assembly, and State Board of Equalization in hopes of creating new opportunities and change in California. ... read more »

Bank Providing Paid Summer Internships to Community-Minded Teens at Local Nonprofits Along with Leadership Development ... read more »

Airbnb has partnered with Neighborhood Housing Services of Los Angeles County (NHS) to support its long standing “Don’t Move, Improve” program. This home rehabilitation loan program provides South LA homeowners with an opportunity to access no-interest and low-interest loans to improve their largest asset: their homes. Qualified applicants could have access to the funds they need to make long-overdue repairs like upgrading plumbing, painting or landscaping, and upgrading a bathroom.  ... read more »

Jason Sugarman, a minority owner of the popular Los Angeles Football Club and son-in-law of Hollywood mogul Peter Guber, has been accused of participating in an elaborate scheme that defrauded investors in tribal bonds of some $43 million, ... read more »

On this day, July 15, 1867, businesswoman Maggie Walker, the first African American woman to charter and become president of a bank, was born. Brought to you by the Black365 Calendar. ... read more »

“Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook’s digital wallet – storing potentially trillions of dollars without depository insurance– also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges.[3] The system could also provide an under-regulated platform for illicit activity and money laundering.” ... read more »

Recently, the Budget Bill for fiscal year 2019-2020 was passed by the Senate and Assembly after long negotiations between both houses and the Governor’s Administration. The new budget includes the state’s largest reserves in history, pays down billions of dollars to our state’s pension debt, and prioritizes one-time investments aimed at tackling the main issues driving California’s affordability crisis. ... read more »

“Living Wage not Minimum Wage,” read some of the picket signs outside of the market as workers demanded a wage adequate enough for “one job” to sustain a living in the City of Angeles. The most recent contract, said workers, “offers slashed wages as much as 25 percent for checkers, offer less than one percent to other employees, eliminate some overtime, and put their healthcare benefits at risk of bankruptcy.” ... read more »

The Los Angeles County Board of Supervisors voted today to study the potential economic impact of automation on jobs at the Port of Los Angeles and back a union that opposes driverless cargo handlers. Supervisor Janice Hahn proposed the study, saying the port was a source of “good, middle-class jobs'' and raising concerns about robots replacing cargo handlers and other port workers. “Do we really want a society full of robots?” she asked. ... read more »

The Los Angeles County Department of Consumer and Business Affairs released the following statement on behalf of director Joseph M. Nicchitta, following the advancement of California Assembly Bill 539 by the Senate Banking and Financial Institutions Committee: ... read more »

“These are the vestiges of enslavement that people don’t want to deal with,” said Dr. Julianne Malveaux, the former President of Bennett College. ... read more »