Browsing: Business

       Financial education is integral to workforce readiness and overall life skills success, which is why it’s important for young people to understand financial basics, especially by the time they enter the workplace. Whether their goal is to manage their first paycheck, build savings and credit, own a home, start a business, or make a difference in the community, financial education and resources can help young people get on the path to achieve those goals.

       The Public Service Loan Forgiveness Program provides debt cancellation to public service workers at the local, state and federal levels who have accumulated 10 years of repayment and 10 years of public service.

       The nation’s largest corporate landlord for single-family home rentals (last month/recently?) was fined $48 million by the Federal Trade Commission (FTC) for years-long financial abuses of tenants. The firm, Invitation Homes, also will be required to change its practices, and agree to long-term monitoring of its rental activity.

NNPA NEWSWIRE — The message from Color of Change and Americans for Tax Fairness is clear: America’s tax system is broken, and without immediate reforms, the racial wealth gap will continue to widen. “Addressing the insidious racial preferences in our tax code is one of the most direct ways we can not only help Black communities grow here and now but for generations to come,” concludes Color of Change Managing Director Portia Allen-Kyle.

 NNPA NEWSWIRE — Most Fortune 500 companies participating in the CBC’s survey demonstrated their commitment to DEI even after the Supreme Court’s ruling. CBC members said this is crucial because conservative organizations, such as Stephen Miller-led America First Legal, are increasingly waging legal and political attacks against corporations’ diversity initiatives. These groups argue that DEI initiatives violate federal law, threatening legal action against companies that continue to promote workplace diversity.

       On September 11, TD Bank, the nation’s 10th largest commercial bank with 1,200 branches and 2,600 ATMs in 15 states and the District of Columbia was ordered for the second time by CFPB to pay restitution to thousands of consumers for illegally tarnishing credit reports of tens of thousands consumers. It repeatedly provided consumer credit bureaus with inaccurate information on its customers about personal bankruptcies and credit card delinquencies. It also failed to properly investigate and resolve customer disputes linked to the faulty information. Given the widespread use of credit reports, the bank’s actions threatened customers’ ability to get a loan, job, or housing.