Business

Black Wealth Still Plummeting

PRECINCT REPORTER NEWS — “For households of color, the Great Recession erased the economic progress made over the past three decades in their entirety,” said Astrada. “If current trends continue, it will take 228 years for the average Black family to reach the level of wealth White families own today. For the average Latinx family, matching the wealth of White families will take 84 years.” […read more]

Op-Ed

Corinthian Colleges Fined $30 Million

By Charlene Crowell NNPA Columnist   Financially-troubled Corinthian Colleges, once one of the nation’s largest for-profit colleges, has a new financial hurdle: a $30 million fine. An April 14 order by the U.S. Department of Education followed its finding 947 documented incidents of misrepresentations on Read More

Op-Ed

As Loan Debts Rise, Foreclosures Dip

By Charlene Crowell NNPA Columnist     A new economic analysis by the New York Federal Reserve Bank found fewer foreclosures, bankruptcies and credit card delinquencies. However the rates of delinquent auto and student loans are worse than before. For most consumers, debt may seem Read More

Op-Ed

Financial Shackles Still in Place

By Charlene Crowell NNPA Columnist   As the annual, month-long Black History observance begins, now is a timely moment to reflect on the journey that previous generations of Blacks have trod in the continuing quest for total freedom and equality. From 1865’s Emancipation Proclamation, to Read More

Op-Ed

A Boost for the American Dream

By Charlene Crowell NNPA Columnist   About 800,000 homeowners whose mortgages were backed by the Federal Housing Administration (FHA) could save $900 annually on mortgage costs, due to a small reduction in mortgage insurance (MI) premiums. President Barack Obama made the announcement in a recent Read More

Op-Ed

Clergy Urge Limits on Payday Lending

By Charlene Crowell NNPA Columnist More than 80 members of the clergy from 22 states, representing multiple denominations, converged on Capitol Hill from November 17-19 in a unified advocacy effort. Following two days of training that included discussions about the negative impact of payday lending Read More