Consumers thinking about buying a new car or renting an apartment might want to wait until after July 1, when the three major credit bureaus will be removing a handful of negative factors from reports. […]
The financial futures of more than 12 million federal and private student loan borrowers who collectively owe approximately $300 billion is at the crux of a lawsuit filed by the Consumer Financial Protection Bureau. […]
Perpetrators in a mortgage fraud scheme that targeted black consumers in the Los Angeles area have been sentenced to federal prison and fined. On Oct. 24, United States District Judge S. James Otero sentenced Paul Ryan, a former mortgage loan officer and mortgage broker Chester Peggese for illegal activities that operated from early 2007 until March 2010. […]
The National Bankers Association was founded in 1927, as the Negro Bankers Association, this name was changed to the National Bankers Association in 1948 and incorporated as a 501(c)6 trade association on April 18, 1972 in the District of Columbia. Today, it is the most recognized trade association for the nation’s 177 minority and women-owned banks (MWOBs). Our members include banks owned by African-Americans, Native-Americans, American-Indians, East-Indians, Hispanic-Americans, Asian-Americans and Women […]
Between the unemployment rate report that was released in early September, and the Census report on income and poverty that was released on Sept. 13, President Obama and his team got great news about the economic status of the average worker. […]
The Prince George’s County Economic Development Corporation recently took its signature networking event, “Thirsty (for Business) Thursday,” to another level, as more than 300 people gathered at the Marlton Golf Club in Upper Marlboro to network and celebrate ‘Economic Development Week’ in Maryland. […]
The homeownership rate in the Black community was at nearly 50 percent a dozen years ago. Today, the figure stands at 41.5 percent and could get worse, experts warn. The topic was discussed for more than two hours Thursday at the Congressional Black Caucus Foundation’s 46th Annual Legislative Conference at the Washington Convention Center in northwest D.C.