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Wealth gap costs over last two decades: $2.7 trillion in Black income, $16 trillion to U.S. economy
October 8, 2020
“Yet even today, with all those credentials and as one of the leading executives on Wall Street,” wrote Raymond J. McGuire, Citi’s Vice Chairman and Chair of its Global Banking and Capital Markets, “I am still seen first as a six-foot-four, two-hundred-pound Black man wherever I go — even in my own neighborhood. I could have been George Floyd. And my wife and I are constantly aware that our children could have their innocence snatched away from them at any given moment, simply for the perceived threat of their skin color.” ... read more »
Dems Wrap Historic Convention: Harris Makes History, Obama Eviscerates Trump
August 27, 2020
“The one Constitutional office elected by all of the people is the presidency.  So, at a minimum, we should expect a president to feel a sense of responsibility for the safety and welfare of all 330  million  of us – regardless of what we look like, how we worship, who we love, how much money we have – or who we voted for,” Obama declared.   ... read more »
Joe Biden Takes Firm Stand Against Police Murder of George Floyd
June 18, 2020
Between 2013 and 2019, police in the United States killed 7,666 people according to data provided by Mapping Police Violence, a research and advocacy group. The number of police killings in America disproportionately affects African Americans, who despite only making up 13 percent of the U.S. population, are two-and-a-half times as likely as whites to be killed by police. ... read more »
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NNPA EXCLUSIVE — Biden Says, ‘The Black Vote Will Determine the Nominee’
March 5, 2020
"I got started in the African American community. I got involved in the Civil Rights Movement when I was a kid. I helped de-segregate a movie theater, that kind of thing," Biden noted. "I was the only guy who worked in the projects on the East Side who was White. That's how I got started, and the Black community is the community that, as we say, brung me to the dance. That's how I got elected." ... read more »
Black Fact of the Day: Nov. 6 , 2019- Brought to you by Black365
November 6, 2019
The first African American ordained as a priest in the Episcopal Church of the U.S., Absalom Jones, was born in Delaware, 1746. ... 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 »
America’s Racial Wealth Gap Could Cost Economy $1.5 Trillion
August 29, 2019
America’s nagging racial wealth gap has been the focus of many research reports and economic policy debates. Now new research analyzes the strong connection between disproportionate wealth and financial services and products that are either shared or denied with consumers of color. ... 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 »
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Civil Rights Org., Muslim Advocates, Settles Pool Discrimination Lawsuit
January 31, 2019
The national civil rights organization, Muslim Advocates, and its co-counsel announced a settlement of a lawsuit against the city of Wilmington, Delaware. The lawsuit alleged that Muslim children were repeatedly harassed at city pools last year because of clothing worn for religious reasons. ... read more »
State AGs to DeVos: Work with, Not Against, State Law Enforcement
July 26, 2018
Starting last summer, student loan servicers like Navient have been lobbying DeVos to shield them from liability for their practices. And it’s worked. Despite objections from a bi-partisan group of Attorneys General (AGs), the National Association of Governors, and the Conference of State Bank Supervisors, DeVos and the Department of Education have increasingly made it more difficult for state and federal law enforcement agencies to do their jobs by retracting information sharing agreements with the Consumer Financial Protection Bureau (CFPB) and instructing servicers not share student loan information with state law enforcement and banking supervisors. ... read more »
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