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 »

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 »

One of More than 150 Events Nationwide in AARP’s Annual “Operation: Stop Scams” ... read more »

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 touches upon the most salient and pressing issues facing Los Angeles in his State of the City Address. ... read more / watch video »

According to the review, at the start of fiscal year 2007-08, Compton had a general fund surplus of $22.4 million. ... read more »

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 »

Five Personal Finance Books to Read During Black History Month ... read more »

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 »

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 »

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 »

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 »

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 »

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 »

Black Hollywood’s brightest stars rally together to show their support of the popular grant program supporting Historically Black Colleges and Universities. ... read more »