By Hill Harper NNPA News Wire Guest Columnist The question, which came from a participant in a minority business empowerment seminar, quieted the room. The answer is simple: “They’re out there. But they don’t have a data plan.” That seems glib. But truth comes best in a simple package. The digital divide is real. Millions […]
Income Inequality Remains Near Record Levels
The income gap between the rich and the poor remains near its highest level ever, according to a new report by the Wisconsin Budget Project and COWS at UW Madison. The wide chasm between the very highest earners and everyone else poses hardships for Wisconsin’s families, communities, and businesses. In 2013, 15.9 percent – nearly […]
Black Contractors: Democrats Take us for Granted
By Josh Peterson Urban News Service While Democrats scramble to secure the African-American community’s support post- Obama, black contractors complain that they are not getting their fair share of the party’s campaign spending. Among $514 million that Democrats spent on consultants during the 2010 and 2012 election cycles, only $8.7 million (just 1.7 percent) went […]
Russell Simmons Repays Rushcard Holders, Pushes for Credit Reforms
By Stacy M. Brown NNPA News Wire Contributing Writer Russell Simmons is just starting to regain a little normalcy in his life. He’s back at yoga and the hip-hop and business mogul is even able to run some errands without worrying about whether a disgruntled Rush- Card holder might verbally attack him or worse. Simmons […]
Black Banks Struggle to Survive, Part 2
By Patrice Gaines Urban News Service Leah Chase recalls a time when she couldn’t get a loan from a white-owned bank to expand her now-legendary New Orleans restaurant. “I remember my husband going to a bank we used for years,” said Chase, 93. “When we went to get a loan, we couldn’t … This was […]
Consumer Rights in the Realm of Debt Collection
By Bibek Das Many consumers may be familiar with abusive and harassing tactics which are sometimes used by debt collectors when attempting to collect a debt from a consumer. The Federal Fair Debt Collection Practices Act (“FDCPA”) contains several provisions that regulate the manner and tactics used by debt collectors in collecting debts from consumers. […]
SBA 504 Refinance Program Made Permanent
Measure Designed to Help Small Businesses Grow and Create Jobs WASHINGTON — Eligible small business owners now have more options to refinance eligible fixed assets and business expenses through the Small Business Administration (SBA) 504 Refinance Program. SBA Administrator Maria Contreras-Sweet made the program permanent through an Interim Final Rule in The Federal Register released […]
Where Did The Black Banks Go?
(Part 1 of a Two-Part Series) By Patrice Gaines Urban News Service America has half as many black-owned banks as existed 15 years ago. “People assume [black bankers] don’t know what they are doing,” said Alden McDonald, CEO of New Orleans-based Liberty Bank and Trust. “Put yourself in these shoes: We are located in communities […]
To Be Equal: 5 Things You Need to Know about Vernon Jordan, the “Rosa Parks of Wall Street”
By Marc Morial President and CEO of the National Urban League “Don’t just give us money, and don’t just show up for the Equal Opportunity Day dinner. That is not enough when you look at Black consumer power in this country. It’s not enough for you to come and shake our hands and be our […]
Unclaimed Property: Are you missing your money?
By: Matiya Hill Welcome back to Brown Girl Green Money and as always thank you for your continued support! It seems like I’ve been on a long BGGM hiatus, but now it’s back to business. I’m excited about this post and I’m eager to deliver the info! Today’s post will be about unclaimed property, unclaimed […]
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