Tuesday, October 15, 2019
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Finance
Trump’s Changes to Title X Program Would Hurt the Black Community’s Access to Family Planning
September 27, 2019
Recent efforts by the Trump administration to undermine the federal Title X family planning program could significantly impede access to essential preventive health services for low-income patients across the state of California and throughout the country. ... read more »
NAREB Urges Black Americans Not to Defer Their Dream of Homeownership
September 12, 2019
According to the National Association of Real Estate Brokers (NAREB) wealth building usually begins with that first investment in owning your own home. Whether you purchase a first-time “starter” home or inherit a property or residence, you start down the road to building wealth. But something has changed in the Black community. The U.S. Census Bureau’s latest statistics indicate that the Black homeownership rate has dropped once again. ... read more »
102 House Members Rebuke Delay of Payday Loan Rule Waters Led Effort Supported by Many CBC Members
September 5, 2019
Anyone who struggles with the rising costs of living knows all too well how hard it is to try stretching dollars when there’s more month than money in the household. Predatory lending, like payday and car-title loans, worsen financial stress with triple-digit interest rates that deepen the debt owed with each renewal.    ... read more »
Final Initial Application Numbers Announced for 2020 Citizens Redistricting Commission
August 23, 2019
The California State Auditor announced that nearly 21,000 Californians applied to serve on the 2020 Citizens Redistricting Commission, of which more than 17,600 are tentatively eligible. The initial application period for the 14 seats closed on Monday, August 19, 2019 at 5:00 p.m. ... read more »
California Department of Tax and Fee Administration Reports Cannabis Tax Revenues for the Second Quarter of 2019
August 23, 2019
The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 2nd quarter of 2019. As of August 16, 2019, California’s cannabis excise tax generated $74.2 million in revenue reported on the 2nd quarter 2019 returns due by July 31, 2019, and the cultivation tax generated $22.6 million. ... read more »
Equifax May Owe You a $125 Payment. But, Let’s Be Real, You’ll Get Much, Much Less
August 15, 2019
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 »
Lanän Clark named Market Executive for Merrill Lynch Wealth Management
August 15, 2019
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 »
Were You Affected by The Equifax Hack? Here’s How to File a Claim for Compensation
August 8, 2019
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 »
Earned Income Tax Credit Reduces Taxes for Low- and Moderate-Income Wage Earners
August 2, 2019
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 »
State Auditor Invites New Leaders to Reshape California
August 1, 2019
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 of America Selects Five Los Angeles Teens for Student Leaders Program
July 25, 2019
Bank Providing Paid Summer Internships to Community-Minded Teens at Local Nonprofits Along with Leadership Development ... read more »
Airbnb Partners with NHS to Support its Home Rehabilitation Loan Program in South LA
July 25, 2019
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 »
SEC Accuses Minority L.A. Football Club Owner of Fraud
July 16, 2019
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 »
Black Fact of the Day: July 15, 2019 – Brought to you by Black365
July 15, 2019
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 »
Committee Democrats Call on Facebook to Halt Cryptocurrency Plans
July 12, 2019
“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 »
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