On September 28, two of the nation’s largest and most influential business groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) and its Director Rohit Chopra. The action aims to prevent the CFPB from using its existing authority to protect consumers from racial discrimination when seeking mortgages, auto loans, credit cards, bank accounts, or other financial services.
Browsing: Business
By Dean Murray A tiny car has broken a big record – by becoming the fastest accelerating electric vehicle. Twenty students from the University of Stuttgart…
An HBCU alumna in Ellenwood, Georgia has found a way to make ice cream better than it already is. As owner of the successful [N7] Kream Lab Nitrogen Ice Cream Lounge, Kelli Bain has attracted customers from far and wide. She uses one special ingredient to help her sweet treats rise above all the competition: liquid nitrogen! Unbeknownst to many, the unusual choice cuts down on freezing times and unnecessary ingredients.
In recent weeks, key Capitol Hill committees held hearings with CEOs of some of the nation’s largest commercial banks. At issue for both California Congresswoman Maxine Waters, Chair of the House Financial Services Committee, and Ohio’s Senator Sherrod Brown, Chair of Senate Banking, are disturbing industry trends like growing mergers, closing bank branches, and a push towards online services that together create ‘banking deserts’ in already underserved communities.
Dubbed “The Wealth Whisperer,” self-made millionaire and wealth building coach Alicia Holmes has built a successful career empowering women to reach their best selves through wealth bootcamps – designed to close the wealth gap and set women on the path to financial independence.
As banks grow larger through mergers and focus on growing online and mobile services, serious concerns emerge on how fair and how accessible banking will be to traditionally underserved Black and Latino communities. In most cases, consumers and small business’s alike view bank branch accessibility and convenience as key to serving their communities.
Not only has he celebrated a milestone birthday this year, but funding from the federal government and a community partnership may help to take the district’s Black-owned bank to the next level.
The National Business League is advancing its efforts to empower Black entrepreneurs. The nonprofit unveiled an initiative that aims to digitize 1 million Black-owned businesses by 2028.
President Joe Biden’s recent student debt cancellation announcement elicited a diverse range of reactions– some congratulatory, others critical, and still others that seem unsure what to make of the unprecedented multi-billion-dollar effort.
Business is more than just an idea, it’s a way of life, and if you want to be a successful entrepreneur you have to love the process. Many people strive for financial freedom, but few actually get there. This wasn’t a problem for Su Sanni, CEO, and Co-Founder of Dollaride. The steady-nerved yet humble entrepreneur has created his path to financial freedom by learning what it means to a have businessman’s mindset and sticking to it.