New reserch from the Center for Responsible Lending (CRL) finds that in just one year – 2022 – cash-strapped borrowers took out over 20 million predatory loans totaling nearly $8.6 billion. The triple-digit annual percentage rates (APRs) and high costs attached to these loans – whether payday, single-payment or installment loans – drained more than $2.4 billion in fees from low-income borrowers.
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Good Girl Chocolate, a made-from-scratch, fast-growing, Black woman-owned chocolate brand, is set to expand into 150 Whole Foods Market stores across 20 states. With this expansion, founder Dr. Tabatha Carr is taking a bold step forward in her mission to build the largest Black-owned bean-to-bar chocolate factory in the United States, offering everything from dairy-free milk chocolate, to dark chocolate, to white chocolate, to truffles.
29-year-old entrepreneur Hashim Walters from New Orleans, Louisiana, has officially launched The Latimer Group, an ownership consortium focused on acquiring Spirit Airlines, an iconic brand facing critical financial distress. He says that his mission is to empower African American economic leaders, creating the only Black-owned commercial airline in the United States.
We have experienced so much business disruption in recent years, and one change that should not be overlooked is the new role of the Chief Financial Officer.
In a digital landscape increasingly controlled by government regulations and corporate interests, social media platforms have strayed far from their original promise of open connection and free expression. Instead, censorship, algorithmic manipulation, and the amplification of divisive content have become the norm. For many creators, Fanbase is no longer just an alternative—it’s the only option.
Starting a new job is always exciting but can also be nerve-wracking. Whether stepping into a new office for the first time or joining a virtual team, the first few weeks can set the tone for your experience. You want to make a great impression, but that doesn’t mean you need to come in and change the world on day one. In fact, some of the best advice for a new job is knowing what not to do. Navigating the early days with caution, patience, and humility can go a long way in building a strong foundation for success.
As we embark on a new year, here’s a reminder of the significant changes to retirement plan contribution limits and related adjustments for the tax year 2025 announced by the Internal Revenue Service (IRS). These updates affect a wide array of retirement accounts, including 401(k) plans, 403(b) plans, governmental 457 plans, the federal government’s Thrift Savings Plan (TSP), Individual Retirement Accounts (IRAs), and SIMPLE plans. The changes bring important implications for employees, employers (including government and not-for-profit organizations), and those involved in plan administration, accounting, and financial reporting. Continue reading to learn about these updates and their impact on you and your organization.
As we enter 2025, small business owners are finding a silver lining amidst challenges. The latest JPMorgan Chase’s 2025 Business Leaders Outlook Survey reveals a wave of optimism sweeping through the sector. More than 70% of small business owners express confidence, feeling “optimistic” or “very optimistic” about both their industry’s and their company’s performance in the coming year. Notably, diverse business owners are showing greater optimism about the economic landscape at local, national, and global levels.
The IRS has announced Jan. 27 as the official start date of the 2025 tax season and expects more than 140 million tax returns to be filed by the April 15 tax deadline.
Gridmaster Solar One, founded by industry veteran Michael Henry who is also the company’s CEO, has achieved a historic milestone as the first Black-owned solar franchise globally. With 45 franchises already on board, the company is on a mission to expand to 2000, redefining renewable energy solutions across diverse sectors.