Tuesday, October 23, 2018
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Finance
Compton Community College District Publishes Citizens’ Bond Oversight Committee Annual Report
October 18, 2018
As outlined in its bylaws, the committee has met on a regular basis to review expenditures, tour campus renovations, and ask questions. The 2016-2017 Annual Report documents the results of these activities and serves to fulfill the basic tenets of the Citizens’ Bond Oversight Committee’s charter.  ... read more »
Free Nonprofit Empowerment Symposium to Offer Valuable Economic Strategies and Resources
The Symposium will feature presentations and panel discussions on Affordable Housing and Development, Funding Opportunities, and Tax Essentials for Faith Based and Nonprofit Organizations: Capitalizing on Tax Laws and Exemptions.   ... read more / view event »
Consumer Beware! Thieves are Using Gift Cards and Other New Scams to Steal Your Money
September 27, 2018
Over 1 million people filed fraud complaints with the Federal Trade Commission last year, according to its Consumer Sentinel Network Data Book.  The secure, online database is based on unverified reports filed by consumers and is available only to law enforcement.  They use the data collected to spot trends, identify questionable business practices and targets, and enforce the law, indicates the FTC.   ... read more »
Nat’l Black Church Initiative Launches Wells Fargo Boycott
August 31, 2018
According to the Rev. Anthony Evans, NBCI president, the call to boycott stems from the institution’s targeting of the African American community and suppressing economic growth in Black neighborhoods. ... read more »
Gentrification or Economic Empowerment? Recycling Black Dollars Turns to Danny Bakewell, Jr. for Perspective 
August 23, 2018
"We are grateful that Danny Bakewell, Jr. saw fit to share his valued perspective on the unprecedented transformation of the Crenshaw District and all its complexities,” opined RBD’s Co-Executive Directors, Jacque Bee and Crystal Mitchell. Bakewell Jr., Executive Director of the Los Angeles Sentinel, shared his view on the wave of changes occurring in the Crenshaw District from his vantage point as a general contractor and developer. ... read more »
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 »
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