Thursday, July 18, 2019
CLOSE
 
Federal Deposit Insurance Corporation
AB 2500 Denies Californians Access to Responsible, Regulated Credit Options
May 31, 2018
Blocking families from accessing certain types of loans would be particularly damaging for African American families. According to a study by the Center for the New Middle Class, even when African Americans have credit scores of 700 or above – generally considered to be a “good” score on a scale of 300 to 850 – their financial wellness resembles those with much lower credit scores. In fact, 80 percent of these families were likely to say that they live paycheck-to-paycheck, they were two and a half times more likely to overdraft on a bank account and they 28 percent less likely to have $1,200 set aside for a financial emergency. ... read more »
SEARCH:    
Videos


Photo of the Day

Events

LA Sentinel
in your pocket:





NIPSEY HUSSLE
COMMEMORATIVE EDITION

LA Watts Times


TOS-Cookbook-Web

© 2019 Los Angeles Sentinel All Rights Reserved • A Bakewell Media Publication

AboutArchivesContact UsCorrections & MisprintsMedia Kit

Terms of ServicePrivacy Policy

LA Watts TimesTaste of Soul