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Finance
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 »
Sentinel Black History Month Series: Finance in the African American Community
February 15, 2018
Five Personal Finance Books to Read During Black History Month ... read more »
Burke to ‘Battle Trump’s New Tax Plan’ as New Chair of the Revenue and Taxation Committee 
January 11, 2018
California State Assemblymember Autumn Burke said she is “honored” to have been named chair of the Assembly Revenue and Taxation Committee January 4, as she announced that in the new position she would “battle President Trump’s new tax plan”  “My colleagues and I will get to work on offsetting the damage done by the President and Congressional Republicans,” said Burke.   ... read more »
Black Students Hit Hard by For-Profit College Debt New Center for Responsible Lending Report Says For-Profit Education “a Risky Proposition”
January 11, 2018
Similarly, Elena, a 35-year-old Latina enrolled in a for-profit institution after seeing television commercials for the local branch of Everest College targeted at those without a GED, like herself. ... read more »
L.A. City Council Committee Told Public Bank for Pot Industry Could Cause Legal Headaches
December 21, 2017
Because marijuana is still a Schedule 1 drug at the federal level, accepting deposits from cannabis businesses could violate the Banking Secrecy Act ... read more »
Even with Advanced Degrees, Black Women Earn Less than White Men
September 14, 2017
Black women have to work seven extra months to earn what White men were paid in 2016. On average, Black women make 67 cents on the dollar compared to White men. ... read more »
Business in the Black
July 6, 2017
Brogdon’s film premiered in Detroit in May (of this year?) at the historic Charles H. Wright Museum of African American History. It was later shown in New York before making its final stop in Los Angeles. ... read more »
Too Many of Us Can’t Use Math to Manage Our Money
March 29, 2017
Many Americans are stymied by tests involving simple math to solve everyday financial problems expressed in English. U.S. adults do worse than adults in 19 of 23 industrial nations, ranking just behind Poland.[1] This represents a failure of our educational system as well as a stark reminder of the work we have to do as a society. Parents need to set an example of fiscal management for their children. As a child, my immigrant parents set aside a portion of every paycheck to savings, no matter how difficult it was to do. From a young age, the value of savings was ingrained in my habits.` ... read more »
Voting Is Underway for the Home Depot 2017 Retool Your School Program
March 10, 2017
Black Hollywood’s brightest stars rally together to show their support of the popular grant program supporting Historically Black Colleges and Universities. ... read more »
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