DeVry University Students to Benefit from $100 million FTC Settlement

By Charlene Crowell (NNPA Newswire Columnist) For the third time in two years, a large for-profit college has faced charges of defrauding its students. This time...

PRESS ROOM: Comcast Cable Accepting Proposals for Two New African American Owned Independent Networks

FOR IMMEDIATE RELEASE December 15, 2016 Contact Information Comcast Corporation Katie Lubenow, 215-286-5691 [email protected] or Jeannette Castaneda, 215-286-4933 [email protected] PHILADELPHIA — Comcast Cable today announced the...

The Impact Network Expands Its Reach through Comcast Xfinity

By Roz Edward (Michigan Chronicle, NNPA Member) The Impact Network, the only independent African American-owned and operated Christian television network in the United States, will now...

FHA Lending Violations Lead to $93 Million Fine and Convictions

By Charlene Crowell (NNPA Newswire Columnist) A 2011 case that was filed in Manhattan’s U.S. District Court led to a 5-week trial in Houston and a...

Black Businesses in Chicago Benefit from Goldman Sachs Program

By Stacy M. Brown (NNPA Newswire Contributor) CHICAGO — Nearly 500 Chicago businesses have joined thousands of entrepreneurs across the country in an initiative to create...

Senator Sherrod Brown’s Bill Seeks Financial Justice for Defrauded Wells Fargo Victims

By Charlene Crowell (NNPA Newswire Columnist) A series of developments following the Wells Fargo scandal has now led to the introduction of legislation designed to bring...

Black Unemployment Rate Falls to 8.1 Percent in November

By Freddie Allen (NNPA Newswire Managing Editor) The Black unemployment rate improved from 8.6 percent in October to 8.1 percent in November, according to the latest...

Wells Fargo Awarded for their Work in Minority Communities

By Sarafina Wright (The Washington Informer/NNPA Member) After weeks of bad press, Wells Fargo received an award acknowledging their efforts to diversify homeownership. The Mortgage Bankers...

From Banks to Beauty Products, The #BuyBlack Movement Is Real

By Stacy M. Brown (NNPA Newswire Contributor) It’s a trend that many are hoping won’t just turn into a passing fad. Late last month, Essence magazine...

What Will You Lose If Consumer Financial Protection Goes Away?

By Charlene Crowell (NNPA Newswire Columnist) As Americans adjust to the realities wrought by the recent elections, one of the most important consequences has yet to...

The Black Unemployment Rate Is Double What Whites Experience

By Freddie Allen (NNPA Newswire Managing Editor) Black workers lost ground last month, as the unemployment rate increased from 8.3 percent in September to 8.6 percent...

New York AG, CFPB Join Forces to Fight Illegal National Debt Collection Scheme

By Charlene Crowell (NNPA Newswire Columnist) A new federal lawsuit alleges that since at least 2009, two major players in the debt collection industry have illegally...

As For-profit College Enrollment Climbs, Blacks Graduate with More Debt

By Charlene Crowell (NNPA Newswire Columnist) With 44 million consumers owing about $1.4 trillion in student loans, a new report by the Consumer Financial Protection Bureau...

Entrepreneurs Grow Their Companies with the Goldman Sachs 10,000 Small Business Program

By Stacy M. Brown (NNPA Newswire Contributor) A growing number of Atlanta businesses are living up to the city’s famous nickname: Hotlanta! More than 20 businesses...

Dream Deferred: Despite Incomes, Black Families Still Denied Access to Home Loans

By Charlene Crowell (NNPA Newswire Columnist) In recent weeks, a spate of news coverage has referred to America’s “inner cities.” Some may even interpret it as...

U.S. Court of Appeals Hits Consumer Financial Agency, Rejects $109 Million in Fines

By Charlene Crowell (NNPA Newswire Columnist) After returning billions of dollars in restitution that helped more than 25 million consumers plagued with financial struggles, the Consumer...

CBC Members Join the Call for Payday Lending Reform

By Charlene Crowell (NNPA Newswire Columnist) Within days of the October 7 deadline for public comment on the Consumer Financial Protection Bureau’s proposed payday rule, 104...

CFPB Fines TMX Finance $9 Million Over Misleading Loans

By Charlene Crowell (NNPA Newswire Columnist) Many consumers breathe a sigh of relief when their car loans are finally paid off. Gaining title to personal vehicles...

LIVESTREAM: 2016 Rainbow Push Coalition Global Auto Summit

Three Things The CFBP Has to Get Right When It Comes to Debt Collection

By Charlene Crowell (NNPA Newswire Columnist) When it comes to consumer complaints on credit and lending, debt collection generates more criticism than any other industry. This...

Breaking the Cycle: Young Mother of Seven Turns Life Around at McDonald’s

By Stacy M. Brown (NNPA Newswire Contributor) Ten years ago, Cameo Faust, a single mother of seven, was working at an Atlanta-area McDonald’s, struggling to make...

Lack of Venture Capital and Bankers Stifles Economic Growth in Communities of Color

By R. Donahue Peebles (Chairman, of the Board of Directors of the Congressional Black Caucus Foundation, Inc.) Throughout America, minority communities are being undermined by a...

Why Access to Capital Still Matters

By A. Shuanise Washington (President and CEO Congressional Black Caucus Foundation, Incorporated) The lack of access to capital is one of the gravest threats confronting minority-owned...

Consumer Financial Protection Bureau Wins Court Case against CashCall

By Charlene Crowell (NNPA Newswire Columnist) The fight for fair lending got a big boost on August 31 when a federal court rejected a payday loan...

Black Unemployment Rate Falls to 8.1 percent in August

By Freddie Allen (NNPA Newswire Managing Editor) The unemployment rate for Black workers improved from 8.4 percent in July to 8.1 percent in August, according to...