Residents of a Black neighborhood in north Georgia lost more than $5 million on their properties when their homes were destroyed and replaced with university dorms and parking lots more than 50 years ago, according to an analysis by University of Georgia professors. ... read more »
In recent years, consumer finance protections withered through a series of harsh attacks that either outright rejected or significantly diminished financial guard rails in the marketplace. ... read more »
At the federal level, lawmakers are expected to re-introduce a payday lending bill that would give both consumers and military veterans the same 36% rate protection as the Military Lending Act (MLA). Named the Veterans and Consumers Fair Credit Act, the measure is hoped to secure the same broad and bipartisan support that MLA received.
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Over the past year, COVID-19 and its variants have plagued the globe taking lives and interrupting normal activities in virtually all areas of life. For Black America, already plagued with steep health, income and wealth disparities, coping with the pandemic has been even more painful. ... read more »
Combined with the COVID-19 pandemic and soaring mental health and substance abuse issues, homelessness in the region is comparable to ``a significant natural disaster in Southern California with no end in sight,'' U.S. District Judge David Carter wrote in an order filed late Sunday in federal court.
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“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 »
The program, which began accepting applications on Sept. 14, will be administered with long-standing partner APIA Scholars to students entering college and current college undergraduates for the Spring 2021 semester. The financial aid will be able to help cover costs of education like books, computers, materials to support distance learning, tuition, and housing. ... read more »
There is a need for all residents to come together. There is no room for lack of support when multiple livelihoods are looking at the bottom of their barrel. All public officials took a united front and supported the message of compassion to spread across Los Angeles.
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The California Legislative Black Caucus has a mission to "address legislative concerns of African Americans and other citizens of color." The CLBC has released their 2020 Legislative Agenda and there are two noted categories: Priority and Supported Bills. They cover economics, education, and social justice. Here is a summary of measurements proposed this year. ... read more »