Sunday, August 19, 2018
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Finance
F.A.I.T.H. (Financial Awareness Investing in Total Health) EXPO- Saturday, July 14 (11am – 3pm)
You’re Invited!  Attend this FREE Community Wealth and Health EXPO. Explore the relationship between health and wealth and how you can improve both.  Access to quality  services and solutions.  ... read more / view event »
Racial Divides Found in Student Loan Defaults
July 5, 2018
Besides deep debt incurred to gain a college education, another sphere of concern presents yet another financial hurdle: student loan defaults. ... read more »
How Lauren Simmons Became The Only Black Woman at the NYSE  
June 28, 2018
Hollywood movies like “The Wolf of Wall Street” give a theatrical glimpse into the what it is like to be a part of New York City’s Wall Street. It’s portrayed as busy, loud, and a bit of a boy’s club.  ... read more »
New Income Guidelines May Help More Customers Stretch Energy Dollars
June 7, 2018
SCE’s CARE and FERA programs assist qualified customers in lowering their energy bills. ... read more »
From Millionaire to Billionaire in Training, Dr. Abagail Mamboleo Shares Keys to Successful Entrepreneurship  
June 7, 2018
From Nairobi, Kenya to a self-made American business woman, Dr. Abagail “Aby” Lilian Mamboleo’s career journey has been life changing! Today, the entrepreneur is living her motto, “I’m a B.I.T. (billionaire in training), and encouraging others to follow suit.   ... read more »
AB 2500 Denies Californians Access to Responsible, Regulated Credit Options
May 31, 2018
Blocking families from accessing certain types of loans would be particularly damaging for African American families. According to a study by the Center for the New Middle Class, even when African Americans have credit scores of 700 or above – generally considered to be a “good” score on a scale of 300 to 850 – their financial wellness resembles those with much lower credit scores. In fact, 80 percent of these families were likely to say that they live paycheck-to-paycheck, they were two and a half times more likely to overdraft on a bank account and they 28 percent less likely to have $1,200 set aside for a financial emergency. ... read more »
New Caltrans Deputy Inspector General Will Oversee SB 1 Contracts: Gas Tax Revenue
May 24, 2018
According to a press release from Gov. Jerry Brown, Lumpkin previously worked for Southern California Edison in several senior positions. After leaving Edison, she worked as a consultant who represented "major corporations and diverse communities." ... read more »
Government Agency Hits Wells Fargo with $500 Million Penalty
May 17, 2018
The press release said that, “The OCC took these actions given the severity of the deficiencies and violations of law, the financial harm to consumers, and the bank’s failure to correct the deficiencies and violations in a timely manner.” ... read more »
AARP California’s Document-Shredding Takes Aim at ID Theft
May 16, 2018
One of More than 150 Events Nationwide in AARP’s Annual “Operation: Stop Scams” ... read more »
Wells Fargo Increases Its Commitment to Black Homebuyers
April 26, 2018
In 2017, Wells Fargo announced a commitment to create 250,000 African American homeowners by 2027. In addition to lending $60 billion for home purchases over that 10-year period, the banking giant has committed to increase the diversity of its sales team, particularly African American home mortgage consultants. ... read more »
Mayor Garcetti Delivers Fifth State of the City Address
April 16, 2018
Mayor Garcetti touches upon the most salient and pressing issues facing Los Angeles in his State of the City Address. ... read more / watch video »
State Controller Alleges Lax Oversight Caused Compton Deficit
March 22, 2018
According to the review, at the start of fiscal year 2007-08, Compton had a general fund surplus of $22.4 million. ... read more »
Banking Black in America 
February 22, 2018
In 1865, Freedman’s Bank began the history of African-American banking in America and its principle of keeping money among its patrons continues to be relevant to financial health in the Black community today.  ... read more »
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