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Banking on the Future? Start Saving Today.
June 14, 2019
The youngest American generations in or approaching adulthood --the Millennials (born 1981 to 1996) and Generation Z (born after 1996) -- will have less wealth, less property, lower marriage rates, fewer children, and less savings compared to any generation born since the Great Depression, the Wall Street Journal just reported. ... read more »
South Coast AQMD Honors Former Governing Board Member Dr. Clark Parker
June 13, 2019
Dr. Clark E. Parker, Sr. was appointed to the South Coast Air Quality Management District’s Governing Board by the California Senate Rules Committee on June 1, 2012. ... read more »
Reparations Must Include the Costs of Predatory Lending New University Studies Track High Costs of Discriminatory Housing
June 7, 2019
In recent years, the spate of homicides linked to questionable uses of deadly weapons and/or force, have prompted many activist organizations to call for racial reparations. From Trayvon Martin’s death in Florida, to Michael Brown’s in Missouri, Eric Garner’s in New York and many other deaths -- a chorus of calls for reparations has mounted, even attracting interest among presidential candidates.   ... read more »
Harris, Blumenthal to JPMorgan Chase CEO Jamie Dimon: Forced Arbitration is Unfair and Unjust
June 7, 2019
U.S. Senators Kamala D. Harris (D-CA) and Richard Blumenthal (D-CT) on Friday sent a letter to JPMorgan Chase Chairman and Chief Executive Officer Jamie Dimon urging the bank to eliminate a forced arbitration clause from its credit card agreements. Despite initially removing it in 2009, JPMorgan Chase has recently informed its customers of updated account terms that now, once again, include a forced arbitration clause. The new provision will be imposed on consumers unless they send Chase a physical letter within 60 days of receiving the notice. ... read more »
AUTO REVIEW: 2019 Nissan Maxima
June 6, 2019
Nissan’s flagship was quite a figure with its 19-inch diamond cut wheels, large boomerang shaped LED headlights and an oversized V-motion grille. ... read more »
EDD Awards $5 Million to Help Train 1,200 California Veterans for Careers in High-Growth Industries
May 31, 2019
The California Employment Development Department (EDD) announced today it has awarded $5 million in Veterans’ Employment-Related Assistance Program grants to 11 organizations to help approximately 1,200 veterans secure jobs in growing industries. ... read more »
Reed Heads CIT Bank’s Campaign to Empower Minority Communities
May 30, 2019
Byron Reed, right, with Byron Mobley and Phillip Wilson at the 25th Economic Awards Dinner sponsored by the Greater Los Angeles African American Chamber of Commerce. ... read more »
Treasury Secretary Steven Mnuchin Delays Harriet Tubman $20 Bill Until 2028, the Tubman 20 was to be Unveiled in 2020
May 22, 2019
Harriet Tubman / Steven Mnuchin  Treasury Secretary Steven Mnuchin said today that designs for an updated $20 bill featuring Harriet Tubman will be delayed by eight years.  ... read more »
HUD Awards $1.5 Billion to Support Seven States in Their Recovery From 2018 Disasters
May 17, 2019
The U.S. Department of Housing and Urban Development (HUD) awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane Michael, Hurricane Florence and devastating wildfires in California.  ... read more »
Chase bank coaches African American young adults on financial health
May 16, 2019
On Saturday, Chase hosted its first community financial education seminar at Baldwin Hills Crenshaw. The event was aimed primarily for young African American men aged 16-24. The event challenged attendees to ask the question, why is it important to save? ... read more »
US Bank Exec Darrell Brown Readies for Next Phase of Life
May 2, 2019
Instead of retiring, Brown ‘re-wires’ after 47 years in banking   Darrell Brown is the first to admit that his career, so far, has been great. ... read more »
Nation’s Racial Wealth Divide Worsens With Federal Tax Cuts: Black Families Have A Dime For Every Dollar Held By Whites
May 2, 2019
If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly these journalists are not referring to the ongoing struggle to make ends meet that so much of Black America faces. For every daily report of Wall Street trading, or rising corporate profits, you’re reminded that somebody else is doing just fine financially. ... read more »
After 51 Years, Fair Housing Still an Unfinished Journey
April 11, 2019
... headline news articles reminded the nation that housing discrimination still exists. ... read more »
African Americans Audited by IRS More Than Any Other Group 
April 11, 2019
Humphreys County, Tenn., where more than a third of its Black residents live below the poverty line and the median yearly household income is $26,000, somehow is on the IRS’ radar to audit at a higher rate than anywhere else in the nation, according to AOL News.   ... read more »
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