Lessons Learned from the Great Recession

Eight years ago, the world as we knew it began to crumble. Everything we knew to be enduring became fragile, weak and vulnerable. The economic conditions were atrocious, so lest we forget, please review the facts.

Know Your Consumer Rights Under the Fair Debt Collection Practices Act

An old adage teaches that one man's pain is another's gain. That adage is a truism when it comes to the debt collection industry and the estimated 77 million people who have past-due debts.

The 5 Deadly Questions You Must Answer Before Starting a Business

Small businesses die daily, with most failing within the first five years, regardless of the circumstances.

Insurance Coverage for Your Autos

You’ve purchased a new vehicle and as the new car smell overwhelms you, the salesperson has to verify your insurance coverage. This represents one of your best opportunities to create a coverage plan designed to meet your specific needs.

Providing Pathways to Financial Freedom in the District of Columbia

As the chief financial services regulator of the District of Columbia, my primary responsibility is to make sure that residents have choices in financial services in the District, and that they are treated fairly by the companies and individuals that ...

The Power of Entrepreneurship: An Alternative Route to Financial Literacy

Nowadays, financial literacy has become a loose word where people just use it offhandedly and it has come to sound cliché when it really means a lot and can have dire consequences to those who don't understand it and don't ...

A Letter of Appreciation to All Who Decided to Open Accounts in Black Banks: This Might Prove to Be a Game-Changer

As president of the National Bankers Association, whose members include many of the black-owned banks that received and are still receiving an unprecedented level of support from all over America, I would like to extend heartfelt gratitude by simply saying: ...

CBC Members Join House Colleagues in Call for Strong Payday Rule

Within days of the Oct. 7 deadline for public comment on the Consumer Financial Protection Bureau's proposed payday rule, 104 members of Congress from 32 states, the District of Columbia and the Virgin Islands together called for strong consumer protections ...

The ABC's of Trusts

As an estate planning attorney, one of the greatest confusions notice in my clients is in the understanding of the benefits of trusts.

Protesters Rail Against Prince George's High Foreclosure Rate

A handful of demonstrators rallied Wednesday across the street from the Prince George's County Courthouse in Upper Marlboro to protest foreclosures in the jurisdiction, which has one of the state's top five highest foreclosure rate

BUSINESS EXCHANGE: The Nation's Richest Black Man

Take notice that Robert Frederick Smith, with holdings that total $2.5 billion, has replaced Black Entertainment Television founder Robert Johnson as America's richest black man.

Massive Yahoo Hack Spurs Tips from Experts

Hackers swiped personal information associated with at least a half-billion Yahoo accounts — the biggest known data breach in history.

From Homelessness to Hairstylist: Early Struggles Spur Beautician to Success

Evalyn "Evie" Johnson has traveled the world to share the hair care techniques she's honed over 20 years.

MGM National Harbor Sets Official Opening Date

MGM officials announced Monday the much-anticipated $1.4 billion casino resort in Maryland's National Harbor will open Dec. 8.

Illegal Practices Lead to Fines, Suits Against Auto-Title Lenders

Many consumers breathe a sigh of relief when their car loans are finally paid off. Gaining title to personal vehicles should free up monthly monies — unless that title is later used as collateral for a high-cost and abusive loan.