About Half Say Quality of Financial Life Is About What They Expect It to Be DENVER—The National Endowment for Financial Education® (NEFE®) has released results from its annual survey on consumer expectations, finding that three quarters (76 percent) of U.S. adults will make financial New Year’s resolutions for 2020. The top goals among those who…
A California-based mortgage broker will pay $120,000 to settle Federal Trade Commission allegations that it violated the Fair Credit Reporting Act and other laws by revealing personal information about consumers in response to negative reviews posted on the review website Yelp. In a complaint filed by the Department of Justice on behalf of the Commission,…
After a death, heirs who want to pay off reverse mortgages to hold onto a family home can be stymied by a seemingly endless cycle of problems. Nick Penzenstadler, USA TODAY Updated 9:32 a.m. PST Dec. 19, 2019 When Gatewood-Young’s grandfather died in 2016, the family was surprised to discover that his rural Maryland home…
By: J. Adalberto Quijada, U.S. Small Business Administration’s Orange County/Inland Empire District Director As 2019 draws close, it’s time to look back at the vibrant business successes and job growth in the Orange County / Inland Empire region over the past year and also to use this opportunity to thank all the entrepreneurs, business owners,…
By Lisa Fitch, Our Weekly News Los Angeles Contributor More than 2,000 Black-owned eateries are featured on the new internet-based restaurant locator eatblackowned.com, which launched June 21 intending to support Black-owned restaurants. “There’s only one thing that everyone in this world has in common: we all love great tasting food,” creator Edward L. Dillard said….
By Charlene Crowell NNPA Newswire Columnist NNPA NEWSWIRE — “Black families are underserved and overcharged by institutions that can provide the best channels for saving,” states the McKinsey Global Institute (MGI) report, The economic impact of closing the racial wealth gap. “For instance, banks in predominantly black neighborhoods require higher minimum balances ($871) than banks…
STARKART, the largest grocery cart advertising company in the U.S. and Canada, recently teamed up with the NALA’s Reputation and Directory Management (RDM) product to bring the best of traditional and digital together for local businesses. The NALA’s RDM platform is specifically designed for the marketing needs of small and medium-sized local businesses nationwide. The…
Rep. Edolphus Towns is a board member of World Business Lenders. He represented the 10th and 11th congressional districts in New York from 1983-2013. By Rep. Edolphus Towns In my three decades representing parts of New York City in the House of Representatives, expanding economic opportunities for underserved communities was a top priority. That’s why,…
By Mark Herbert Alma Beltran owns a successful small business, but that doesn’t mean she can afford healthcare for herself and her family. In fact, the Chula Vista entrepreneur who is president of Graphic Image Label, Inc., is facing a hard choice between the health of her loved ones and the health of her business….
HESPERIA – Assemblyman Jay Obernolte (R-Hesperia) honored 7K CrossFit in Big Bear Lake as Outstanding Small Business of the Month. 7K CrossFit was started by two Big Bear Valley residents, Pat Burton and Andy Meadors, who are avid CrossFit certified coaches and athletes. Their partnership began with a vision to provide a fitness center for…
Authorities says Kent Taylor, who resigned from the Lennox District in April amid questions about his management, died by suicide By Mike Kennedy The former superintendent of an elementary district in the Los Angeles area has been found dead in his home two months after stepping down amid questions over his management. The Los Angeles…
Hicks tells lawmakers: Black-White ‘economic divide’ was created by U. S. Government By Hazel Trice Edney (TriceEdneyWire.com) – The rate of Black homeownership in America – now at 41.1 percent, according to 2019 U. S. Census numbers – is even lower than it was when the U. S. Fair Housing Act was signed into law…
NNPA Newswire WASHINGTON – This week, the House Financial Services Committee, held a markup of five bills and two resolutions to promote responsible innovation through financial technology, crack down on money laundering and illicit finance, protect small businesses and investors, and uphold consumer protections. See the legislation below. HR 1988, the Protect Affordable Mortgages for…
By Cassidy Sparks Are you natural or in the process of transitioning but are struggling to find products for your hair? Aisha Shannon Bates, the founder of Coil Beauty has a solution for you. Coil Beauty is an online retail community created by and for women of color to make their shopping experience fun and…
Nationwide — Success isn’t always about how much money you have. Sometimes, investing some of that money into a business or cause you believe in is even more rewarding than keeping your wealth to yourself. These four top Black investors achieved success in their respective industries – but they didn’t stop there. They used their…
Roughly a quarter of patients overdue for screening mailed the completed kits back within two months. Penn News Service PHILADELPHIA – Colorectal cancer is the second deadliest cancer in the United States, and just six out of 10 adults in the age range recommended for routine screening—50 to 75—reported having it done in 2015. When…
Most people planning for retirement probably would prefer some predictability as they plot out their post-work futures, but financial professionals say the reality they face is that uncertainty surrounds the stock market, tax rates and the future of Social Security. And even one of the most popular retirement-savings tools – the Individual Retirement Accounts (IRA)…
By Lerae Funderburg Have you ever wondered if you need to have a federally registered trademark to protect your brand? If you are a business owner or a brand, more than likely you do. A trademark is a word, phrase, symbol or design, or a combination of words, phrases, symbols or designs that identify and…
Ten Middle School Age Children Are Eligible to Win $1,000! BOSTON, April 8, 2019 /PRNewswire/ — For National Financial Literacy Month, OneUnited Bank, the nation’s largest black-owned bank, is proud to announce its 9th Annual “I Got Bank!” Financial Literacy Contest where ten children will win a $1,000 savings account. The contest represents the best…
By Sentinel News Service There has been a decline in African-American men transitioning successfully into and through college.? As part of its commitment to the advancement and strengthening of the communities it serves, Kinecta Federal Credit Union hosted Defying the Odds Black History Event to shed light on the history of the struggles and successes…
Instagram, Facebook and YouTube platform failures position underdog CJC Live for takeoff Los Angeles, CA (BlackNews.com) — The contemporaneous malfunctioning of three social media giants on March 13, 2019 left business & common users alike with deep concern about the risk of significant reliance on these “no-cost” platforms. The massive glitches came without warning…
Nominate A Small Business Every June, the California State Assembly honors small businesses from across the state for their contributions to the community. In celebration of California Small Business Day this June, I am asking for your help to nominate deserving small businesses for the 2019 Distinguished Small Business of the Year Award. Nominees must …
Strong job and population growth is rapidly driving the Inland Empire to the top of the list for workforce housing investment. By Kelsi Maree Borland The Inland Empire is rapidly rising to the top of the target market list for workforce housing investment. The region has seen substantial job and population growth, and workforce housing…
By Jasmine Ferguson When looking for a bank to entrust with your money, it is important to do your research. There are many factors to take into consideration when choosing a bank, such as interest rates, location and convenience, amount of minority borrowers and monthly fees. Historically Black-owned banks have been the pillar of the…
MIAMI, Florida – At its recent Mid-Winter Conference in Miami, FL, the National Association of Real Estate Brokers (NAREB) signed a groundbreaking Memorandum of Understanding (MOU) with United Security Financial (USF), a minority-owned mortgage company headquartered in Salt Lake City, Utah to make down payment assistance more broadly available to Black American home buyers. The…
