Business
CBC Members Warn against Returning to Failed Financial Practices
By Charlene Crowell (NNPA Newswire Columnist)
A House bill designed to reverse regulation of financial services and end consumer protections is attracting the attention of a growing number of Congressional Black Caucus (CBC) Members. Recently, three CBC Members who are also Ranking Committee members have written their respective committee chairs to express opposition to H.R. 10, the so-called Financial CHOICE Act of 2017.
In just three days, May 2-4, Representatives John Conyers of Detroit, Elijah Cummings of Baltimore and Robert C. “Bobby” Scott of Newport News, each wrote their respective committee chairs in Judiciary, Oversight and Government Reform and Education. Their single message: afford full committee deliberations on the bill.
Earlier dubbed the ‘Wrong Choice Act’ by Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, on May 4, the ill-advised legislation received a straight party-line vote in that committee.
“H.R. 10 is a sprawling piece of legislation that would destroy key financial regulations and consumer protections put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act,” wrote Michigan Congressman John Conyers, Ranking Member of the House Judiciary Committee.
“H.R. 10 would gut the progress we have made and place our entire economy at risk of another crisis,” wrote Rep. Elijah Cummings, Ranking Member of the House Committee on Oversight and Government Reform in his May 3 letter. “It would increase risks that taxpayers may have to bail out banks and financial firms yet again. As well as leave consumers vulnerable to the kinds of abusive and predatory practices that hurt so many American families before and during the Great Recession.”
Similarly and two days earlier on May 2, Rep. Scott wrote Rep. Virginia Fox, Chairwoman of Education and the Workforce. “Committee Members have expressed great concern over the attempts to weaken the oversight and enforcement power of the Consumer Financial Protection Bureau and the important role it plays regarding the integrity of student loan finance services.”
Since its April 26 introduction, H.R. 10 has become a legislative tug-of-war that has civil rights and consumer advocates speaking on behalf of average citizens on one side, and the worst actors in the financial industry on the other side. In many ways, these two sides are in a rematch of the same battle that was fought in 2010 to enact Wall Street reform.
The key difference today is that since its enactment, the cornerstone agency of the Dodd-Frank Wall Street Reform and Consumer Protection Act returned nearly $12 billion to the pockets of 29 million consumers who were illegally harmed by financial companies. CFPB has also pursued ‘rules of the road’ with a consistent commitment to fairness, transparency, and access to credit whether the issue was student loans, debt collectors, auto finance, or other lending and credit concerns.
Unfortunately, those who comprised the opposing and losing side in 2010, never relented for a return to a Wild West style free market that operates with scant or meaningless consumer finance regulation in a wide array of financial services.
Among HR 10’s 591 pages are proposals that include:
• Banning CFPB from enforcing the law or issuing any regulation for payday, car-title, or similar small dollar loans that charge triple digit interest rates that push borrowers into destructive debt traps;
• Repealing the Bureau’s authority to stop unfair, deceptive, and abusive acts and practices (UDAAP), the same authority that enabled CFPB to bring a case against Wells Fargo for creating fraudulent consumer accounts; and
• Forbidding CFPB from regulating forced arbitration clauses and returning access to class action litigation to consumers seeking financial remedies.
Research by the Center for Responsible Lending (CRL) has repeatedly found that consumers of color, often Black and Latino, remain targets for financial abuse.
Today, more than 44 million consumers together owe $1.3 trillion on student loans. But for Black college graduates who have earned a bachelor’s degree owe almost double the debt of their White classmates – even four years following graduation.
A new kind of predatory lending, one that charges high cost installment loans with fees rivaling those of payday and car-title loans are placing consumers at financial risk with fees that eventually lead to repayments that are double, if not triple, the amount of money actually borrowed.
“Recklessness on Wall Street stripped a generation of wealth building in both communities of color and in low-income areas,” remarked Yana Miles, a CRL Senior Legislative Counsel. “As communities are getting back on their financial feet, the ‘Wrong Choice Act’ threatens to knock them back down again. We need a bipartisan coalition in Congress to oppose this extremely dangerous legislation.”
The CBC Members are right: A return to the policies and practices that nearly ruined the lives of consumers and the American economy should remain in the past.
Charlene Crowell is the communications deputy director with the Center for Responsible Lending. She can be reached at [email protected].
Black Press
Oakland Mayor Reads to Children at Bookout Block Party at Marcus Books Store
Booths lined the street with arts and crafts, and children participated in hands-on art projects. A large display of books was on display and each child chose his/her free book to take home. Food and snacks were available, and free water was encouraged to keep all hydrated.
Floating bubbles greeted families on arrival at the Bookout Block Party held on Sat. Sept. 12 at 39th and MLK Blvd. in Oakland.
Sponsored by Marcus Books and Storyland Collective, a wonderland of activity for children stretched to Longfellow School while live music filled the air, courtesy of KWC Complex Jazz Group.
Booths lined the street with arts and crafts, and children participated in hands-on art projects. A large display of books was on display and each child chose his/her free book to take home. Food and snacks were available, and free water was encouraged to keep all hydrated.
A large area of turf was filled with huge bean bags for jumping, rolling, and sitting to listen as families crowded close to listen to Oakland Mayor Barbara Mayor Barbara Lee read a book out loud.
Of the numerous booths present were, “Claim Your Scholarship,” a program for Oakland Public School students and “VOLUNTEER NOW,” a program encouraging volunteers to help boost reading proficiency. Individuals sold their art and products. Free gifts were at many tables and a raffle was held.
The event with Marcus books culminated a summer-long program organized by Storyland Collective, a literacy arts organization bringing children’s ‘storytime,’ local authors, and art activities to Bay Area neighborhoods. Marcus Books is the oldest, independent Black-owned book store in the U.S., featuring books by and about Black people here and abroad.
Black History
Tradition Comes to the Streets in 11th Annual Black-Eyed Pea Festival at the Freedom Farmers Market
Mayor Barbara Lee stops by to support vendors, Winky Dinky Dogs owner Tyranny Allen
A streamlined Oakland Black-Eyed Pea Festival took place on Sat. Sept. 12 in the lower Temescal neighborhood on the blocked off street that connect Shattuck and Telegraph avenues.
An early start brought together vendor regulars from festival partner, the Freedom Farmers’ Market, and vendors who have supported the festival at its previous location at Marston Campbell Park.
Wanda Ravernell, the festival producer/director was on the verge of cancelling the festival because of funding limitations in May before reaching out to Elaine Smith, president of Farms to grow, Inc., which supervisors the market.
From its start in 2014, the festival has focused on the traditions of African American culture through music, food and art. That emphasis included fresh food vendors, particularly growers of African American legacy crops like black-eyed peas, yams, watermelon, collard greens and okra, which all originate in Africa.
To Fresno farmer Will Scott of Scott Family Farms, the Freedom Farmers’ Market allows him to bring those crops to the inner city – and support the nutrition of African Americans.
Shortly after the festival opened Saturday morning with prayers and salutes to the ancestors by Wakan Wiya Two-Spirit Drum and Awon Ohun Omnira, led M. Zamora and Otobaji Stewart respectively, 86-year-old Scott, the son of a sharecropper, announced that he will put other endeavors aside to dedicate the rest of his life to raise those foods.
Smith shared that Farms to Grow assists Black farmers in helping them overcome one of their main impediments to success – distribution – while creating alliances to help Black people maintain farmland and make it prosperous for younger generations to keep farming and farmland in the family.
As the morning progressed to afternoon, a steady stream of visitors drifted from booth to booth, chatting with vendors and each other.
Scott noted that a market day like this was what he was accustomed to in his youth, where the market was not just about buying things but also a place for valuable social exchange.
The social aspect became even pronounced shortly after midday when Oakland Mayor Barbara Lee stopped by to shop and visit with some of the vendors, including Ellen Bimpeh of Sankofa, and Ravernell who was selling T-shirts designed by Stewart.
Lee is also a fan of Winky Dinky Dogs, an eatery owned by Tyranny Allen whose second brick-and-mortar venture further anchors a hub of businesses at that corner.
As he has in previous years, Andre Thierry of Accordion Soul, closed the festival with a 90-minute set that brought young and the young-at-heart on their feet to dance in a line or as impromptu couples.
And, surprisingly, the man Allen refers to as the mayor of 45th Street, came out on cane and chair to sit by the curb in the sun and listen to music reminiscent of his Louisiana roots. His appearance seemed to echo Scott’s observance about the market: to bring people together.
The Freedom Farmers’ Market is located at 4521 Telegraph Avenue in Oakland and is open on the second and fourth Saturdays of each month until Nov. 14. For more information and to apply to be a vendor, go to https://www.farmstogrow.org/freedomfarmersmarket
Black Press
Attorney General Rob Bonta Continues Opposition to President Trump’s Tariff Regime
“President Trump is so intent on raising the cost of living for Americans that he is willing to break law after law to continue his tariff regime,” said Bonta.
California Attorney General Rob Bonta, as part of a coalition of 25 states, filed an amicus brief in the Court of International Trade in Learning Resources v. Trump, a case challenging President Trump’s latest “unlawful” attempt to tax the states and American consumers through illegal tariffs, according to a media release issued by the California Department of Justice.
In the brief, Bonta argues the latest round of tariffs levied under Section 301 of the Trade Act of 1974 are pretextual and are not targeted to address the purported harms of forced labor, as that statute requires, but instead are designed to re-create the tariffs already declared illegal by various courts.
Last month, Bonta and the coalition filed a lawsuit challenging the administration’s decision to impose these tariffs on over 80 countries that together account for 99.4% of all U.S. imports — costs that will be passed along to Americans already struggling with affordability.
“President Trump is so intent on raising the cost of living for Americans that he is willing to break law after law to continue his tariff regime,” said Bonta.
“Imposing these tariffs under Section 301 has nothing to do with forced labor and everything to do with continuing the President’s failed economic policy and reimposing the global tariffs that the Supreme Court invalidated,” he continued.
“We urge the Court of International Trade to declare the president’s tariffs under Section 301 illegal. Tariffs are taxes, and the American people cannot and should not shoulder the extra costs that come from the president’s illegal tariffs.”
Black Press
Oakland Launches Aerbits Program to Identify, Report Abandoned Trash
“Aerbits, which was approved by the Privacy Advisory Commission, uses modern technology and best practices to help our crews clear trash faster and more efficiently, while our targeted outreach and enforcement strategies address the root causes of dumping. Together, we are going to get the job done.”
On Tuesday, the City of Oakland launched Aerbits, an innovative new program that deploys AI-assisted aerial imaging technology to proactively detect and report abandoned trash on streets and sidewalks – to support timely and effective removal of illegal dumping.
By shifting from a reactive, complaint-based system to data-driven proactive detection, the City can deploy cleanup resources faster, more efficiently, and more equitably to the areas in greatest need.
Approved by both the Privacy Advisory Commission and the Oakland City Council, Aerbits is the latest addition to Oakland’s comprehensive strategy to eliminate illegal dumping from the Town.
“Oakland residents and businesses deserve clean streets and today we are one step closer to a safer, cleaner, and greener Oakland,” said Mayor Barbara Lee. “Our strategy strengthens eradication, education, and enforcement efforts across every neighborhood.
“Aerbits, which was approved by the Privacy Advisory Commission, uses modern technology and best practices to help our crews clear trash faster and more efficiently, while our targeted outreach and enforcement strategies address the root causes of dumping. Together, we are going to get the job done.”
The impacts of illegal dumping on Oakland are profound, disproportionately burdening historically disinvested communities while threatening public health, safety, and economic vitality.
The City is united in taking action to remedy it – with the mayor, Council, administration, Public Works Department, community groups and more coming together to make change.
In May, the City Council approved the Illegal Dumping Expenditures Action Plan, which approves and funds multiple actions – including Aerbits – to help remedy illegal dumping.
This past June, Oakland secured $9.2 million from the Crankstart Foundation to scale up operations like Aerbits and break the cycle of illegal dumping across Oakland.
The Aerbits aerial imaging system photographs public rights-of-way to pinpoint exact locations, estimate waste volumes, and classify types of debris. This enables City dispatchers to understand the problem and efficiently deploy the appropriate crew and equipment to each site.
Built with privacy at its core, the technology contains no facial recognition, no license plate readers, and uses no personally identifying information. Aerbits takes pictures of trash – not of people.
“I founded Aerbits because I saw a major gap in the data that was available to City crews on the streets, and I wanted our children to have a cleaner environment” said Aerbits Founder Brian Johnson.
“Aerbits enables cleanups to be timelier, more effective, and more equitable. By providing real-time comprehensive data, automating the creation of work orders, and improving closure of cleared tickets, we are removing the problems that occur when relying primarily on a complaint-based system,” he said.
Aerbits is the latest milestone in the series of actions the City is taking to implement the City Council-approved Illegal Dumping Expenditures Action Plan. Recent actions taken by the City include:
- Stricter Enforcement: Enacted a new Illegal Dumping Enforcement Ordinance increasing penalties and holding vehicle owners responsible; hired additional Environmental Enforcement Officers equipped with updated citation technology; and worked alongside State Senator Jesse Arreguin on legislation that allows the City to boot vehicles tied to repeat dumping offences.
- Community Resources: Reinstated the popular “Bulky Block Parties” offering residents free, convenient ways to get rid of bulky waste, alongside expanded public education campaigns.
- Expanded Fleet Equipment: Obtained new heavy-duty Lightning Loader trucks that allow us to clean up more volumes of debris faster than ever before.
Rebecca Kaplan is a former City Councilmember-at-large for the City of Oakland.
Black Press
Mayor Lee Announces $1 Million Kaiser Permanente Grant for Pilot Program to Address Homelessness, Clean Up Public Spaces throughout Oakland
Achieving these goals requires unified City operations backed by new philanthropic and private sector investments. With Kaiser Permanente’s support, this project brings together the Mayor’s office, City Administrator’s office, Office of Homelessness Solutions, Housing and Community Development, Human Services, and Economic and Workforce Development.
Innovative initiative combines employment, housing support, job training, and case management to create permanent pathways out of homelessness
Mayor Barbara Lee announced on Tuesday a $1 million grant from a Kaiser Permanente fund at the East Bay Community Foundation to launch the Workforce Development and Interim Housing Pilot Project. The initiative combines low-barrier employment with housing support to strengthen Oakland’s homelessness response while cleaning public spaces throughout the city.
Grant funding provides recipients with:
- Part-time paid work focused on citywide sanitation and trash clean up, with pathways to permanent, full-time employment
- One year of interim housing support
- Comprehensive job training and wrap-around supportive services
- Tailored case management designed to transition participants into permanent housing
“This pilot program gives us an essential tool to drive change for all of our neighbors affected by homelessness, including our Black and African American population who are disproportionately impacted,” said Lee.
Data show that having a job is critical to housing stability and preventing homelessness. This pilot provides unhoused residents with job opportunities that keep public spaces throughout the City clean, directly supporting the mayor’s goal to reduce unsheltered homelessness in Oakland by 50%.
Achieving these goals requires unified City operations backed by new philanthropic and private sector investments. With Kaiser Permanente’s support, this project brings together the Mayor’s office, City Administrator’s office, Office of Homelessness Solutions, Housing and Community Development, Human Services, and Economic and Workforce Development.
The pilot is modeled after a similar program in Portland, Oregon, that offers low-barrier employment in sanitation services and housing support to people experiencing homelessness. Program results include a high percentage of participants moving to temporary or permanent housing and cleaner public spaces.
“We’re proud to support this innovative project because it creates meaningful opportunities for people experiencing homelessness while strengthening the health and vitality of the entire Oakland community,” said Yvette Radford, vice president of external and community affairs for Kaiser Permanente Northern California. “By providing job training, paid employment, supportive services, and a pathway to stable housing, this program offers people the tools to move forward with dignity and hope—while creating cleaner, safer, and healthier public spaces for everyone.”
The Communications Department of the Oakland Mayor’s office is the source of this report.
Black Press
Event Preview: ‘Fashion v. Fascism’ – A Runway Revolution Is Coming to the Bay Area
“Fashion v. Fascism” (FVF) is an upcoming visually immersive event combining fashion, music, and political theater to expose the rise of fascism in the U.S. and advocate for resistance. Described as a live “runway revolution,” FVF premieres October 3 at The Rotunda in downtown Oakland. The event will feature five runway collections spotlighting elements of contemporary fascist politics, accompanied by political theater and live music, culminating in a call to action. Organizers state that culture is a potent defense when democracy is under siege. Read more to learn about this unique event.
“Fashion vs. Fascism” (FVF) is a visually immersive evening of fashion, music and political theater exposing the rise of fascism in the U.S. and the need to resist. Democracy is under siege, and culture is one of our most potent defenses, organizers say.
Called a live “runway revolution,” FvF premieres Oct. 3 at The Rotunda, 300 Frank Ogawa Plaza in downtown Oakland.
A play that is part fashion show, part protest, part performance art, FvF stages five runway collections spotlighting the pillars of contemporary fascist politics and the urgent need to resist: the myth of a “glorious past,” the manufactured emergencies used to justify surveillance and crackdowns, and the oligarchs and grifters profiting from it all. Runway fashion shares the stage with political theater and live music, with a closing call to action.
“We need lawsuits, ballots and mass protests, but none of it lands if we’re not also fighting for people’s imagination,” says Linda Burnham, co-producer of the show. “People are exhausted and scared. FvF will expose the absurdities of fascist mythology and ideology in ways a news headline cannot and spark new ideas about how to resist.”
“Fascism doesn’t win by policy alone. It wins by telling a story. A myth about a ‘Golden Age.’ A permanent emergency that makes cruelty seem necessary. That’s not an accident, it’s a strategy, and it works on the same terrain as culture: image, spectacle, emotion,” says Aya De León, the show’s playwright.
“Every piece on this runway translates what is happening under fascism into a feeling,” explains Erica Furlong, the FVF creative director. “One designer’s trench coat is covered in pockets stamped ‘TRUTH,’ ‘MEMORY,’ ‘HOPE,’ ‘VOTE,’ ‘FUTURE,’ because that’s literally what gets seized first, pocket by pocket, under fascist decline. Fashion can hold grief and hope in the same silhouette, and that tension is exactly what this moment needs.”
At its best, fashion is about creativity, diversity, innovation, experimentation and the free exchange of ideas. Fascism, by contrast, demands conformity and control, while suppressing dissent.
FVF was created, organizers say, because democracy should always be in style.
Featured designers include Erica Varize, Rickie Lee, Tianna Charity, Julie Wong, and Maria Flores. The evening features a script by lead playwright Aya De León, musical performances by Mindeullae Project and DJ Emancipation, and other special guests.
FvF is designed to travel. Following the Oakland premiere, FvF will extend its reach through a documentary short, a curriculum on contemporary fascism in the U.S., and a full replication playbook — design templates, script, and curriculum — so organizers in other cities can stage their own version of the show.
Get more details at www.fashionvfascism.org.
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