Business
Mainstream Media Ignores Black Unemployment Rising While Celebrating Jobless Rate
Mainstream Media Ignores Black Unemployment Rising While Celebrating Jobless Rate […]
Business
Business
Meet the only Black Woman in the U.S. who owns her own bank
Meet Kiko Davis, the majority owner and stockholder of Detroit-based First Independence Bank, one of the top 10 largest Black-owned banks in the United States. This makes her the only Black woman in the country who owns a bank. […]
Business
OneUnited Bank, America’s Largest Black Owned Bank Supports Blackout Day 2020
OneUnited Bank, the largest Black owned bank in the country, is proud to support #BlackOutDay2020, a national financial movement happening on Tuesday, July 7, 2020. The movement recognizes the need for economic solidarity and requests that not one Black person in America spend a dollar outside of Black owned businesses on July 7. […]
Business
PRESS ROOM: U.S. Bank Offers Financial Support and Demonstrates Commitment to Diversity, Equity and Inclusion Amid COVID-19 Pandemic
As we weather the COVID-19 pandemic together, U.S. Bank is here to help. We have developed a single site full of online resources where customers can go to find helpful information regarding their financial needs. Through this online resource and other partnerships, U.S. Bank aims to provide simple, clear information to help individuals and small businesses get through the pandemic and tangible financial assistance to support our communities. […]
Business
Unemployed African Americans Should Upload Their Resumes to BlackJobs.com
The global COVID-19 pandemic has all Americans feeling financially burdened, but more African Americans are being affected as there are currently more than 20 million unemployment claims across the country. Experts say that Black unemployment could eventually be as high as 30%, but one web site, BlackJobs.com, is helping to solve the problem. […]
Business
Black Entrepreneur Secures Procurement Deal for 1 million Face Shields
Face shields, unlike face masks, are not being regulated by the Chinese or U.S. governments and are much easier to get through customs. For this reason, Lee has secured a procurement deal for 1 million high quality units and is looking for entrepreneurs and retailers who are interested in making large purchases. […]
Business
Individual Stimulus Checks Begin to Arrive: What Should You Expect?
The IRS will base the payments The IRS will base the payments on the adjusted gross in-come of taxpayers’ 2019 return. If a 2019 return hasn’t been filed (the deadline has been extended for two months), the IRS will use information from the 2018 return. If the return doesn’t contain direct deposit information, or if the IRS doesn’t have returns from 2018 or 2019, a paper check will be issued later. […]
Business
COVID-19 financial warning: Consumers and banks should stay away from payday loans
Zeroing in on the economic impacts of the crisis, people everywhere are struggling with competing needs in their lives. When living costs exceed available financial resources, tough times lead to tough decisions about how to feed families, keep a home to live in, ways to keep utilities working and a myriad of other day-to-day needs. […]
Business
Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19
Wells Fargo is working on a daily basis to put measures in place to sup-port the needs of customers impacted by COVID-19 in the most effective ways possible. Wells Fargo is sus-pending residential property foreclosure sales, evictions and involuntary automobile repossessions. The company also is offering fee waivers, payment deferrals and other expanded assistance for credit card, auto, mortgage, small business and personal lending customers who contact the company. […]
Business
General Motors Moves to Protect Workers, Offers Customers Special Financing
“Workplace health and safety is a priority for us every day; all three companies have been taking steps to keep the COVID-19/coronavirus out of their facilities and during this national emergency, we will do even more working together,” Gamble, who convened the leaders of all three companies, stated in a press release. “We are focused on doing the right thing for our people, their families, our communities and the country. All options related to protecting against exposure to the virus are on the table.” […]