Black-Owned College Prep School With 100% Graduation Rate Continues to Make History

Nationwide — The Wilson Academy, a Black-owned College Prep School based in the Atlanta area known for its unique academic approach and consistently high-performing students, is making history again. The school hosted its first-ever Legacy Leaders Gala on March 23, 2023, at 7:30pm to celebrate community leaders and raise funds to support students like Sodiq…

Black Americans Continue to Face Hurdles to Homeownership: CFPB and National Association of Realtors cite drawbacks White House plan proposes solutions for an estimated 3.5 million first-time buyers

By Charlene Crowell (March 21, 2024)The approaching spring season signals not only a change in weather; but an annual surge in homebuying. Underscoring this long-standing trend is the annual April observance of Fair Housing Month. Enacted in 1968, the Fair Housing Act banned discrimination on the basis of race, religion, and national origin in the…

This Women’s History Month, Regional Philanthropist Leader Talks Career, Finances and Motivation

Women’s History Month is a time to come together to celebrate and recognize the achievements and contributions of women throughout the years. For this Women’s History Month, we sat down with Alicia Wilson, Head of Regional Philanthropy for North America at JPMorgan Chase to learn about her career journey, what motivates the work she does…

Cervantes Bill to Extend Application Deadline for State Financial Aid Programs Approved by State Assembly

 (SACRAMENTO) – Today, Assembly Bill 1887 by Assemblymember Sabrina Cervantes (D-Riverside), Chair of the California Latino Legislative Caucus, was approved by the State Assembly by a floor vote of 73-0. AB 1887 would extend the application deadline for state financial aid programs, including Cal Grant and the Middle Class Scholarship, from April 2 to May…

Calif. Officials Back Proposal That Would Require Financial Literacy Course for High Schoolers

Antonio Ray Harvey | California Black Media California State Controller Malia Cohen and several other State officials — including Assemblymember Kevin McCarty (D-Sacramento) and State Superintendent for Public Instruction Tony Thurmond – are backing a ballot measure that will make California Students more financial literate. On March 12, California for Financial Education, a non-partisan coalition…

Small business people are among those getting $100 million back due to FTC action challenging Benefytt Technologies’ sham health plans

By Lesley Fair 3/19/24-Finding healthcare coverage can be a challenge for many Americans, including gig workers, the self-employed, and people at small businesses. So when consumers were looking for health insurance under the Affordable Care Act, plans sold by an outfit called Benefytt Technologies seemed like a reasonable option – except that according to the…

Statement By Nareb President Courtney Johnson Rose Honoring HUD Secretary Marcia Fudge Upon Her Retirement

The National Association of Real Estate Brokers (NAREB) is honored to have worked with HUD Secretary Marcia Fudge on a mission to expand affordable housing, increase homeownership for people of color, and reduce homelessness in America. NAREB congratulates Secretary Fudge on her retirement, recognizing that she will continue to embrace these goals as she writes…

SoCalGas Exceeds California’s Supplier Diversity Procurement Goal for 31st Consecutive Year, Purchasing Over 44% of all Goods and Services from Diverse Businesses in 2023  

Over $1 billion spent with minority, women, disabled veteran, and/or LGBT-owned businesses; nearly 87% of businesses based in California  LOS ANGELES (March 6, 2024) – Today, SoCalGas announced the company exceeded the 2023 California Public Utilities Commission’s (CPUC) diverse spending goal* for a 31st consecutive year, purchasing over 44% of all goods and services from…

Entrepreneur Releases New 2024 Collector’s Edition African American History Calendar

Nationwide — Entrepreneur Kim D. Yarber via his company K.D. Yarber Publishing has released the 2024 Collector’s Edition African American History Calendar with champion names including: • Arturo Alfonso Schomburg, historian and writer • Henry Louis Aaron, baseball player, entrepreneur, and philanthropist • Dr. Rebecca Lee Crumpler, pioneer physician • Nataniel Murray, Educator • Patricia…

FTC Sends More Than $1.2 Million in Refunds to Consumers Harmed by Deceptive Mortgage Loan Modification Scam

The Federal Trade Commission is sending more than $1.2 million in refunds to consumers who lost money to Consumer Defense, a deceptive mortgage modification scheme.   The FTC is sending payments to 6,261 consumers, who will receive $201.34 each. Recipients should cash their checks within 90 days, as indicated on the check. Consumers who have…

Largest US Credit Union Scrutinized Over Significant Gaps Between Approval Rates for White and Black Borrowers

NNPA NEWSWIRE — Navy Federal approved a higher percentage of applications from white borrowers earning less than $62,000 annually than Black borrowers earning $140,000 or more. By Stacy M. Brown, NNPA Newswire Senior National Correspondent Navy Federal Credit Union, the largest credit union in the United States, is under fire for exhibiting the most substantial…

Federal Reserve’s Proposed Regulation Could Harm Small Businesses-Especially Minority-owned 

S. E. Williams Survey data showing credit crunch comes as Federal Reserve considers a proposed regulation that could make obtaining loans more expensive and more difficult. A credit crunch is impacting small business owners nationwide hindering their growth and causing some to say that if it continues, they’ll be forced to close altogether.  A new,…

Vice President Harris announces commitments exceeding $900M for the Women in the Sustainable Economy Initiative

By Stacy M. Brown, NNPA Newswire Vice President Kamala Harris on Nov. 23 announced the Women in the Sustainable Economy (WISE) Initiative, which the White House says supports the 2023 Asia-Pacific Economic Cooperation (APEC) theme of “Creating a Resilient and Sustainable Future for All.” Its goal is to strengthen women’s economic empowerment globally. The initiative…

A Looming Crisis: Black Families Are Facing More Threats to Homeownership

Antonio Ray Harvey and Edward Henderson | California Black Media The high cost of housing, predatory financing programs, and the temporary nature of a critical government assistance program are all factors making it harder for Black Californians to buy homes — or keep the ones they already own. Policy leaders, building industry organizations and other…

USDA and the U.S. Small Business Administration Strengthen Partnership to Create Jobs and Economic Growth in Rural America

RENO, Nev., Nov. 20, 2023 – U.S. Department of Agriculture (USDA) Deputy Secretary Xochitl Torres Small announced today that USDA is strengthening its longstanding partnership with the Small Business Administration (SBA) to create jobs and expand access to new and better market opportunities for people in rural America. “The Biden-Harris Administration is committed to a…

Record Financial Assistance Helps ‘Bridge the Gap’ as Covered California Launches 2024 Open Enrollment Campaign

 Los Angeles, Calif. — Covered California kicked off its 2024 open-enrollment period at the iconic Los Angeles State Historic Park and Roundhouse Bridge, a public space that serves some of the most vulnerable communities in the state, with roots that connect back to the early history of the city and region.   California Black Women’s…

Crafting  Your  Personal  Definition  of  Financial  Wellness

Sponsored by JPMorgan Chase Financial wellness refers to having a healthy and balanced relationship with money. In general, it is where an individual’s financial situation aligns with their values, goals, and overall well-being. However, it’s important to note that financial wellness is a personal and relative concept that varies from person to person based on…

Padilla Secures Up To $1.2 Billion Federal Investment to Build Clean Hydrogen Hub in California 

WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.) announced that he secured up to $1.2 billion from the U.S. Department of Energy (DOE) to establish the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) hydrogen hub to produce and utilize renewable, clean hydrogen across California. This landmark investment is made possible by the Bipartisan…