Business

Wells Fargo Donates $2 Million to Main Street Launch in Oakland

OAKLAND POST — Wells Fargo Bank gave a $2 million grant to an Oakland-based small business lender on Monday morning, according to bank officials. The donation to Main Street Launch, described as a Community Development Financial Institution, was announced at a news conference at a small business in Oakland – McMullen Boutique at 2257 Broadway in Oakland. […read more]

Advertisements
Harriet Tubman (Public Domain | Wiki Commons)
Black History

Elijah Cummings and John Katko Shaheen Issue Bipartisan Statement Urging Trump Administration to Move Forward with Tubman on the $20

LOS ANGELES SENTINEL — Representatives Cummings and Katko have introduced the Harriet Tubman Tribute Act in 2015, 2017, and most recently in February.  The bill, as currently written, directs the Secretary of the Treasury to place the likeness of Harriet Tubman on $20 Federal Reserve notes printed after December 31, 2020. […read more]

“The GAO’s findings make it clear that there is still much progress to be made,” said Rep. Eleanor Holmes Norton (D-DC).
#NNPA BlackPress

Norton’s Congressional Bill Ensures U.S. Government Includes Black and Women-Owned Media in Advertising Contracts

NNPA NEWSWIRE — “In 2017, the GAO examined spending on advertising contracts with minority-owned businesses by five agencies – the Department of Defense, the Department of the Treasury, the Department of Health and Human Services, the Department of the Interior, and the National Aeronautics and Space Administration – and found that only five percent of the $4.3 billion available for advertising contracts went to minority businesses,” said Congresswoman Eleanor Holmes Norton (D-DC). […read more]

FedEx, which spent $9.5 billion with minority suppliers across the U.S. in 2018, is seeking to expand local minority supplier contracts since Memphis is home to FedEx headquarters and the expanding FedEx Logistics operation.
#NNPA BlackPress

FedEx partnership aims to grow 75 black businesses

NNPA NEWSWIRE — The capacity-building plan is the result of an alliance between FedEx, Regions Bank, City of Memphis and the Initiative for a Competitive Inner City (ICIC), a national driver of urban economic prosperity. ICIC began its Memphis work in 2014 with Regions Bank providing capital coaching. In 2015, the partnership expanded to include FedEx. […read more]

Photo courtesy of http://www.lablackworkercenter.org.
Black Voice News

Los Angeles Black Worker Center and Local Community Organizations Lead #LocalEnforcementNow Movement in Support of Senate Bill 218

BLACK VOICE NEWS — The Los Angeles Black Worker Center (LABWC) is leading the #LocalEnforcementNow movement to give Black workers a voice in support of the new legislation, Senate Bill 218, introduced by Senator Steven Bradford (D- Gardena).The legislation is focused on the exponentially high unemployment of Black workers and the increase of racial discrimination claims. SB 218 aims to expand worker’s civil rights by localizing the enforcement of workplace discrimination laws. […read more]

Julianne Malveaux is an author and economist. Her latest project MALVEAUX! On UDCTV is available on youtube.com. For booking, wholesale inquiries or for more info visit www.juliannemalveaux.com.
#NNPA BlackPress

COMMENTARY: How Strong is Our Economy?

NNPA NEWSWIRE — “How strong is our economy? It is undoubtedly stronger than it was a year ago, but it’s not as strong as some claim that it is. Labor market weaknesses and inequality are of particular concern to African Americans. Companies are hiring, but they aren’t hiring enough African Americans to close the unemployment rate gap.” […read more]

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee
#NNPA BlackPress

Waters: Buying A Car Should Be Fair, Transparent and Free of Discrimination

NNPA NEWSWIRE — “Buying a car is a significant purchase for many Americans and should be a fair and transparent transaction, free of discrimination. Unfortunately, this is not the case for persons of color. The National Fair Housing Alliance, in a test of auto lending discrimination, found that nearly two-thirds of minority loan applicants received higher cost financing options from automobile dealers than less qualified white applicants. […read more]

"I call it the Kenney doomsday real estate tax maching." Deomocratic mayoral candidate Alan Butkovitiz said on THursady in decision his property assessment reforms outside City Hall. (Photo by: Philadelphia Tribune | Michael D'Onofrio)
Economy

Butkovitz pledges to make property assessments revenue-neural, create a ‘taxpayer advocate’

THE PHILADELPHIA TRIBUNE — Democratic mayoral candidate Alan Butkovitz says the city’s property taxes are out of whack for many, plagued by errors and inaccuracies that served as a “back door tax increase.” Butkovitz, the former city controller, pledged Thursday to make property reassessments revenue-neutral, scrap recent property revaluations and establish a “taxpayer advocate” to challenge the Office of Property Assessment’s calculations. […read more]

Alden J. McDonald, President and CEO of Liberty Bank and Trust Co
Business

Liberty Bank is a proud partner of the $5 Million BuildNOLA Mobilization Fund

NEW ORLEANS DATA NEWS WEEKLY — Liberty Bank and Trust Company announced its partnership with the City of New Orleans, Newcorp, Inc., the Kresge Foundation J. P. Morgan/Chase, and Living Cities Catalyst Impact Fund to create a BuildNOLA Mobilization Fund. The fund will provide up to $10 million in capital for Disadvantaged Business Enterprises (DBE’s) to access work in the City of New Orleans’ Green Infrastructure rebuilding program […read more]

Aerial view of Rutledge Place Apartments at 554 Rutledge Avenue
Charleston Chronicle

Seniors Concerned About Housing Must Be Informed and Act Collectively

CHARLESTON CHRONICLE — Just seven months ago, residents of Grand Oaks Apartments West Ashley, developed as housing for low to moderate income residents, raised concerns their rents would be increased as the complex moved from that status closer to market rate rental costs. That meant single residents would have to earn more than $40,000 annually to continue living at the complex. […read more]

The lawsuit further claims violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), the farmers’ civil rights, and a federal law for packaging, labeling and the transporting of certified seeds. (Photo: iStockphoto / NNPA)
#NNPA BlackPress

Mediation a ‘no go’ for ‘Black Farmers’ and Stine Seed Co.

NNPA NEWSWIRE — U.S. District Judge John T. Fowlkes Jr. set the March 15 deadline for mediation. BFAA filed a lawsuit last year against billion-dollar, seed-breeding giant Stine, alleging that the company systematically engaged in racial discrimination by selling African-American farmers fake soybean seed as a pattern of behavior. Stine rejects the discrimination assertion. […read more]

Protesters march in 2015 past one of 17 predatory lending businesses in South Dallas, Texas. (Courtesy of Paul Malbrough)
Economy

Predatory Lending Rooted in Antebellum South: Study

WASHINGTON INFORMER — A doctoral student at the College of William & Mary in Williamsburg, Virginia, recently compiled evidence that traces predatory lending practices to the pre-emancipated South. In her research, Amanda Gibson found that in comparison to today’s standards, in the informal financial world of antebellum Virginia, African Americans were often as collateral for loans or sold to pay off debt. African-Americans were also sometimes participants in the personal side of pre-emancipation credit, usually taking out loans in pursuit of freedom. […read more]

“The lesson is striking: Consumers are the big winners when marketplaces use all the tools of the Affordable Care Act,” said Covered California Executive Director Peter V. Lee. “The policies underway in these three states are easily transferable, and if applied to the federal marketplace, taxpayers would save billions of dollars in subsidies, and middle-class Americans would benefit from much lower premiums.”
#NNPA BlackPress

PRESS ROOM: New Analysis Finds Leading State-Based Marketplaces Have Performed Well

NNPA NEWSWIRE — The report examines the impact that federal and state actions have had on state-based marketplaces and the federally facilitated marketplace (FFM). Cumulative premium increases in California, Massachusetts and Washington are less than half of the increases seen in FFM states, but 2019 premium increases spiked in California and Washington compared to Massachusetts, which continued its state-based penalty. […read more]

Critics, pundits and academics say it’s impossible to ignore the role race plays in Trump’s treatment of Puerto Ricans. Photo: SAN JUAN, PR - MARCH 4, 2018: Painted USA flag on uprooted tree from Hurricane Maria in San Juan, Puerto Rico. / iStockphoto / NNPA
#NNPA BlackPress

Neglect, Disrespect of Puerto Rico by Trump Administration Continues

NNPA NEWSWIRE — “The Donald Trump administration’s response to the crisis reveals that Puerto Ricans are racialized as subordinate, despite their US citizenship, said Dr. Pedro Cabán, Professor of Latin American, Caribbean and US Latino Studies at University at the State University of New York in Albany. “Trump’s racially charged statements resurrected long dormant, degrading characterizations of Puerto Ricans as lacking the capacity and will to fend for themselves.” […read more]

Read below for 10 tough questions Committee Democrats asked the CEOs to answer during the hearing.
#NNPA BlackPress

ICYMI: At Hearing with Megabank CEOs, Committee Democrats Ask Hard-Hitting Questions

NNPA NEWSWIRE — WASHINGTON – Yesterday, at a hearing entitled, “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis,” Committee Democrats asked the Chief Executive Officers (CEOs) of seven of the nation’s largest financial institutions tough questions on behalf of hardworking consumers. […read more]

“How do we ensure that future generations of all backgrounds live in neighborhoods rich with opportunity?” said Debby Goldberg, Vice President of Housing Policy and Special Project with the National Fair Housing Alliance (NFHA). “Fair housing. Fair housing can ultimately dismantle the housing discrimination and segregation that caused these inequities in the first place.” (Photo: iStockphoto / NNPA)
#NNPA BlackPress

COMMENTARY: After 51 Years, Fair Housing Still an Unfinished Journey

NNPA NEWSWIRE — “According to the National Fair Housing Alliance, individuals filed 28,843 housing discrimination complaints in 2017,” said Waters. “Under the Trump Administration, fair housing protections are under attack…. According to news reports Secretary Carson proposed taking the words ‘free from discrimination’ out of HUD’s mission statement,” the Chair of the House Financial Services Committee, Rep. Maxine Waters (D-CA) […read more]

Photo by: Pexels.com
Economy

$62B Education Cuts Proposed, College Aid Could be Slashed

PRECINCT REPORTER GROUP NEWS — Every budget defines priorities and values. To put it another way, what’s really important in life gets supported financially. For many families, having a home, food, and utilities usually rank pretty high. Then there are other budgetary concerns like saving for college or having a ‘rainy day’ fund to cover less frequent costs that can be much higher than the size of the next pay check. […read more]

Black women sit at the nexus of race and gender and are buffeted by the twin spectres of these “isms”, and struggle upstream against a current of prejudice and bias which is compounded by gender and race. (Photo: iStockphoto / NNPA)
#NNPA BlackPress

The Fight for Equal Pay, Gender Parity Heats Up

NNPA NEWSWIRE — Black women sit at the nexus of race and gender and are buffeted by the twin spectres of these “isms”, and struggle upstream against a current of prejudice and bias which is compounded by gender and race. This intersectional discrimination exacerbates those gender and race gaps, stymies Black women’s ability to access educational opportunities, and has a pervasive and corrosive impact on their careers and career advancement, experts say. […read more]

In order to ensure federal investment reaches all high-need communities, including pockets of deep poverty and those communities experiencing more recent economic downturns, preventing them from being defined as persistent, the bill would also require certain federal agencies and programs target resources to census tracts with poverty rates currently exceeding 20 percent.
#NNPA BlackPress

Clyburn and Booker Introduce Sweeping Anti-Poverty Bill

NNPA NEWSWIRE — “For far too long, persistent poverty communities have suffered from neglect and indifference, leading to a lack of access to quality schools, affordable quality health care, and adequate job opportunities,” said Majority Whip Clyburn. “This legislation seeks to right this wrong by targeting much needed federal investments to areas that need them the most.” […read more]

Vicki Saunders is the keynote speaker for the 2019 The Power of the Purse®
Community

The Women’s Fund celebrates 25 Years at annual Power of the Purse luncheon

NASHVILLE PRIDE — What a difference 25 years can make! A quarter-century ago, a small group of women (along with two enlightened men) founded The Women’s Fund initiative within The Community Foundation of Middle Tennessee. They did so to level the charitable playing field and to ensure there would ALWAYS be money to support women and girls in Middle Tennessee who were in need. […read more]

Photo by: Pixabay | Pexels.com
Economy

Planters EMC offers scholarships

THE TRUE CITIZEN — Planters Electric Membership Corporation (EMC) is accepting applications for the Planters EMC Scholarship. All high school seniors who are the son or daughter of a Planters EMC member are eligible to apply. Applications must be submitted by 5:00 p.m. Friday, April 12, 2019, to be eligible for the randomly drawn scholarship. […read more]

Colin Allred Official Photo - https://allred.house.gov/
#NNPA BlackPress

Colin Allred: His Own Man

NNPA NEWSWIRE — “…refusing to expand Medicaid is also the wrong thing to do. It’s just not who we are as people. To me, this is all about values and it should be a value of ours to try and make sure that as many of our neighbors as possible can go see a doctor when they need to.” […read more]

Senator Patty Murray, second from right, poses with staff members from Voices Of Tomorrow, a childcare center in Southeast Seattle. (Photo by: Aaron Allen)
Economy

Murray’s Bill Looks To Make Childcare More Affordable

THE SEATTLE MEDIUM — The rising costs of childcare is a growing concern in Seattle and throughout the country, especially African American and other marginalized communities. To address the issue, Sen. Parry Murray has re-introduced the Childcare For Working Families Act, a bold, comprehensive plan to make child care more affordable for low and middle-income families and strengthen federal investments in the child care industry to ensure everyone has access to high-quality, affordable child care in their area. […read more]

The letter was signed by House Committee on Financial Services Chairwoman Maxine Waters, Judiciary Committee Chairman Jerrold Nadler, Committee on Oversight and Reform Chairman Elijah E. Cummings, Permanent Select Committee on Intelligence Chairman Adam B. Schiff, Committee on Ways and Means Chairman Richard E. Neal and Committee on Foreign Affairs Chairman Eliot L. Engel.
#NNPA BlackPress

Chairwoman Waters Introduces Bill to End Homelessness in America

NNPA NEWSWIRE — “In the richest country in the world, it is simply unacceptable that we have people living in the streets,” said Chairwoman Waters. “Today, there are over a half million people experiencing homelessness nationwide. Nearly 160,000 of them are children and nearly 38,000 are veterans who we have failed to support after their service to our nation.” […read more]

Photo by: Pexels.com
Economy

The high costs of student loan debt

MINNESOTA SPOKESMAN-RECORDER — For the Class of 2018, the average student borrower graduated with a debt of $29,800 in private and federal loans over the course of a bachelor’s degree. This is in addition to $35,600 in federal Parent PLUS loans approximately 14 percent of parents took out to support their children. […read more]

Centinela Valley Union High School District students learned the post-high school life skills needed to handle the unique challenges in today's society 
Community

Defying the Odds Black History Educational Experience, Kinecta Federal Credit Union Empowered African American Male Students

LOS ANGELES SENTINEL — 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 of African-Americans while helping to equip young men with the necessary tools and contacts to define their own path of success. […read more]

Photo: iStockphoto / NNPA
#NNPA BlackPress

COMMENTARY: Jobs Report Shows What ‘African Americans Have to Lose’ Under Trump

NNPA NEWSWIRE — William Spriggs, a chief economist at the AFL-CIO and professor in the department of Economics at Howard University said since reaching a low of 6 percent in November, the Black unemployment rate has climbed three straight months. “Given the relationship of the Black community to predatory sub-prime auto loans this is not good.” […read more]

“I believe that we are in a situation with our city where we can’t wait for change,” said Shelby County Commissioner Tami Sawyer, now an announced candidate for mayor. (TSD File Photo: Lee Eric Smith)
#NNPA BlackPress

With confidence and ‘courage,’ Tami Sawyer declares candidacy for Memphis mayor

NNPA NEWSWIRE — “I am running now because when I see our city and I see our people and I look at the conversations that we are having at high levels of leadership, it doesn’t incorporate what is next for the impoverished, people of color, women, every person that is not considered in our vision for Memphis,” said Shelby County Commissioner Tami Sawyer, director of diversity and cultural competence for Teach for America in Memphis. […read more]

The letter was signed by House Committee on Financial Services Chairwoman Maxine Waters, Judiciary Committee Chairman Jerrold Nadler, Committee on Oversight and Reform Chairman Elijah E. Cummings, Permanent Select Committee on Intelligence Chairman Adam B. Schiff, Committee on Ways and Means Chairman Richard E. Neal and Committee on Foreign Affairs Chairman Eliot L. Engel.
#NNPA BlackPress

Congresswoman Maxine Waters Pens Open Letter to CFPB Employees

NNPA NEWSWIRE — “Let me assure you that actions to weaken the Consumer Bureau from within as Director Mulvaney attempted to do will not go unchecked or unnoticed. As Chairwoman of the House Financial Services Committee, I will fight against any and all efforts to weaken the Consumer Bureau and make sure that your important work to protect consumers, as Congress intended, can continue.” […read more]

The letter was signed by House Committee on Financial Services Chairwoman Maxine Waters, Judiciary Committee Chairman Jerrold Nadler, Committee on Oversight and Reform Chairman Elijah E. Cummings, Permanent Select Committee on Intelligence Chairman Adam B. Schiff, Committee on Ways and Means Chairman Richard E. Neal and Committee on Foreign Affairs Chairman Eliot L. Engel.
#NNPA BlackPress

Congresswoman Maxine Waters Holding Credit Bureaus Accountable and Repairing a Broken System

NNPA NEWSWIRE — “…To make matters worse, all three of the major consumer credit reporting bureaus have used this breach of consumer data and consumer trust to sell products they are marketing as identity theft protection. It certainly appears they are capitalizing on consumers’ fear and desperation, despite the fact that there are many free tools that consumers can use to protect their credit.” […read more]

Mr. Alford is the Co-Founder, President and CEO of the National Black Chamber of Commerce. Ms. Debow is the Co-Founder, Executive Vice President of the organization.
Business

Providing Match Makers Throughout the Black Diaspora – Way Cool!

NNPA NEWSWIRE — One of the biggest thrills is the fact that we Afro Americans in the United States have so much in common with the Afro Americans of South and Central America. Our roots are Western Africa. Our passages to the new world are similar via the utmost horrific human bondage, rape, and atrocities history has recorded. Some of our DNA may be directly related for all that we know. But the separation by centuries cannot keep us apart here in the 21st century. […read more]

A new and independent research report entitled, Driving Into Debt, found that the money now owed on cars is up 75 percent since the end of 2009, an all-time record. (Photo: iStockphoto / NNPA)
Business

Auto loan delinquencies climbed to $9 billion in 2018

NNPA NEWSWIRE — … in April of last year, Congress used the Congressional Review Act to nullify the Consumer Financial Protection Bureau’s (CFPB) auto finance guidance that held auto lenders responsible for discriminatory lending practices prohibited under the Equal Credit Protection Act. This distorted use of the Congressional Review Act, sometimes known as another CRA, was never intended to overturn long-standing agency practices. […read more]

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and Congressman Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations, wrote to Consumer Financial Protection Bureau Director Kathy Kraninger (Photo: Wikimedia Commons)
Business

Representatives Waters and Green Request Documents from Consumer Bureau on Recent Settlements

NNPA NEWSWIRE — “The Consumer Financial Protection Bureau (“Consumer Bureau”) has recently announced several settlements against entities for engaging in unlawful practices without requiring the payment of redress to consumers harmed by the illegal conduct,” the lawmakers wrote. “This stands in stark contrast to the Consumer Bureau’s practice under the leadership of former Director Cordray. During Director Cordray’s tenure, the Consumer Bureau recovered nearly $12 billion in relief for harmed consumers over its first six years.[1] American consumers deserve a Consumer Bureau that will fight to recover their hard-earned money when they are cheated.” […read more]

Steve Hightower is the CEO and president of Hightowers Petroleum, a privately-owned, Ohio-based company.
AutoNetwork on BlackPressUSA

AUTONETWORK: Black Millionaire Steve Hightower Talks About His Drive to Create A Billion-Dollar Petroleum Business On SiriusXM’s ‘Auto Trends’

Hightowers Petroleum is one of the top 15 black-owned businesses in the nation, according to Black Enterprise and provides fuel to a number of Fortune 500 companies. Hightower’s business portfolio includes investments with a number of American and foreign automakers, where his company holds the exclusive gasoline account to fuel vehicles upon final build, at various assembly plants throughout the world. […read more]