The California Department of Business Oversight (DBO) announced the launch of CalMoneySmart. This $4 million grant program was set in motion by SB 455, introduced by Senator Steven Bradford (D-Gardena) in 2019, which created the California Financial Empowerment Fund to remove financial barriers and improve monetary security.
The financial services industry is a vast matrix of banks, credit and debit cards products, venture capital and mortgage companies, investment firms, and other financial institutions that compete to provide services to 326,346,200 people in the United States and millions more around the world. There is a very old saying that posits: “How you manage your money will determine how well your heart will beat.” For 100.4 million African Americans and Latino Americans combined that spend in access of $2.4 trillion annually as consumers in the U.S. marketplace, the daily and hourly financial management of our money is an important