Economy
PRESS ROOM: Initiative Program Started to Share Free Financial Education
THE TENNESSEE TRIBUNE — Leaders from Tennessee State University, the Alpha Kappa Alpha Sorority and Regions Bank have announced the launch of a new collaboration designed to empower people with essential financial and credit-management skills.
NASHVILLE, TN — Leaders from Tennessee State University, the Alpha Kappa Alpha Sorority and Regions Bank have announced the launch of a new collaboration designed to empower people with essential financial and credit-management skills.
The Financial Education and Empowerment Initiative, organized by Alpha Kappa Alpha and supported by Regions Bank, combines the community reach of AKA’s local chapters with the financial expertise of Regions personnel.
The program held its first session Wednesday as Regions associates and leaders from the Alpha Psi Undergraduate Chapter of AKA presented an interactive session to students at Tennessee State. The topic of Wednesday’s session: managing credit wisely. The purpose of the long-term program: to help people, no matter their age and no
matter how much money they have, learn the essentials of successfully managing and growing their finances.
“TSU is extremely proud to have Regions Bank as a partner to provide the tools and resources to promote financial stability for our students and our communities,” said Dr. Glenda Glover, President of Tennessee State Univ. and International President of Alpha Kappa Alpha. “Alpha Psi, along with all AKA chapters, will serve as a network to host financial education workshops with Regions to promote and engage students and underserved communities on best practices when it comes to spending, saving and investing.”
As part of the program, the AKA chapter at Tennessee State will organize community-based, interactive financial
education workshops reaching people representing diverse ages, incomes and backgrounds. Workshops will not be limited to campus; they will also be held in neighborhoods across Nashville. Regions associates will deliver financial advice, guidance and education based on their experience helping people identify and reach financial goals.
“Financial education leads to financial empowerment,” said Latrisha Jemison, Regional Community Development and Partnerships Manager for Regions Bank. “No matter what stage of life you are in, the time to prepare for your financial future is now. And no matter how much, or how little, you have to begin with, we want this program to offer a place where you can find the insights, tools, compassion, understanding and resources that can help you save more, spend wisely and reach your goals.”
Following the session, AKA planned to expand the program to additional campuses where the sorority has active chapters. As in Nashville, Regions personnel in the communities where the additional campuses are located will lead workshops on a wide range of topics. In cities beyond Regions’ footprint, which primarily covers the Southeast, Midwest and Texas, Regions personnel will train AKA representatives to lead the financial education sessions.
Financial education is crucial to Regions Bank’s mission, which is to make life better in the communities Regions serves. The bank constantly makes no-cost financial education available through schools, community groups and additional nonprofit organizations. Regions also works with various employers to share financial education among their workforces.
Further, Regions makes financial education available to anyone, regardless of whether they have an account, through the Next Step section of Regions.com. As a comprehensive online financial learning center, Next Step is a place where people at various stages of life can find insights and guidance to help grow their financial skills. Content ranges from interactive games designed to help children learn about smart money habits – to helpful information on planning for retirement. All material is accessible free of charge.
Regions Financial Corporation (NYSE:RF), with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com
This article originally appeared in The Tennessee Tribune.
Black Press
AG Bonta Announces Action on Cryptocurrency, Sextortion Fraud – Increasingly Targeting Gen-Z
California Attorney General Rob Bonta is warning residents about a surge in cryptocurrency fraud and online sextortion schemes that increasingly target Gen Z through social media platforms. With internet-based scams costing Americans nearly $21 billion in 2023, Bonta highlighted how artificial intelligence and deepfakes allow criminals to impersonate loved ones and promote fraudulent investment groups. The Attorney General’s Office has already shut down over 100 fraudulent websites and is now utilizing new legislative tools to recover assets for victims. Read more.
California Attorney General Rob Bonta warned residents about rising cryptocurrency fraud and online sextortion scams, urging Californians to recognize warning signs and protect themselves as scammers increasingly target younger people through social media.
Speaking at a news conference on Oct. 19, Bonta said Americans lost $20.9 billion to internet-based scams in 2025, including $11.4 billion to cryptocurrency scams. He said artificial intelligence, deepfakes, and malicious smart contracts have made fraud easier to carry out and more difficult to detect and prevent.
While older Californians remain targets, Bonta said his office has seen a sharp rise in reports of Gen Z consumers being targeted on platforms such as Twitch, TikTok, and Instagram.
One growing scheme involves so-called rug-pull scams, in which fraudsters promote low-priced stocks or volatile cryptocurrencies through online investment groups and streaming communities. After generating interest and driving up prices, scammers sell their holdings, causing values to collapse and leaving investors with losses.
Bonta also warned about sextortion, in which scammers trick or coerce victims into sharing explicit images before threatening to distribute them to friends and family unless they pay. He advised victims not to give in to demands, saying scammers often do not release the images when victims refuse to pay. Instead, he recommended ignoring and blocking the perpetrators.
Another scheme, known as recovery fraud, targets people who have already lost money to cryptocurrency scams. Fraudsters impersonate blockchain recovery specialists or law enforcement officials and demand additional payments while promising to recover stolen assets.
Bonta urged Californians to be skeptical of promises of large returns on small investments, fake cryptocurrencies resembling established ones, and celebrity endorsements that may have been generated using artificial intelligence. He also warned that scammers can use AI to impersonate loved ones through manipulated video and audio.
“Never use a crypto ATM,” Bonta said, emphasizing that transactions can be difficult to trace and reverse and that the machines lack adequate consumer protections.
His office has shut down more than 100 fraudulent websites over the past two years that collectively scammed victims out of at least $8.3 million, he said.
Bonta also highlighted Senate Bill 1208, which he said was recently signed into law. The measure allows law enforcement to petition a court to return seized cryptocurrency to victims, including when alleged perpetrators are outside U.S. jurisdiction.
Residents who have fallen victim to scams can report them to the California Department of Justice at oag.ca.gov/report.
Bonta also urged victims not to feel embarrassed, stressing that scammers are responsible for the harm they cause.
Black Press
Oakland Latino Chamber of Commerce Hosts CHCC Convention, Generating $3 Million in Economic Impact
The Oakland Latino Chamber of Commerce recently hosted the 47th Annual California Hispanic Chambers of Commerce Statewide Convention, drawing more than 1,000 attendees to the city. The event generated an estimated $3 million economic impact, providing a significant boost to local retailers, hotels, and small businesses. Developed in partnership with Visit Oakland, the convention featured innovative initiatives like the Oakland Mercadito to showcase regional entrepreneurs and recorded workshops to support long-term professional development for members across the state. Discover how this major event strengthened local partnerships and read more.
The Oakland Latino Chamber of Commerce (OLCC) recently served as the Host Chamber for the 47th Annual California Hispanic Chambers of Commerce (CHCC) Statewide Convention, held in Oakland in August 2026.
The Convention welcomed more than 1,000 attendees from throughout California and generated an estimated $3 million economic impact for the City of Oakland, providing significant support to local hotels, restaurants, transportation providers, retailers, and small businesses.
In conjunction with Visit Oakland, OLCC brought in various local sponsors and worked closely with the California Hispanic Chamber of Commerce, to make the Oakland Convention a success.
The success of the 47th Annual CHCC Statewide Convention demonstrates what is possible when business leaders, entrepreneurs, community organizations, and public partners work together with a shared vision, said Aliza Gallo, president of the OLCC.
“By welcoming more than 1,000 attendees and generating an estimated $3 million economic impact, we not only showcased Oakland as a premier destination for business and innovation but also created lasting opportunities for local businesses and entrepreneurs,” said Gallo, who also served as co-host of the event.
She adds that the “convention elevated Oakland’s visibility, strengthened statewide and local partnerships, and reinforced the Oakland Latino Chamber of Commerce’s commitment to advancing economic prosperity for our members and our community.”
As part of its leadership role, OLCC introduced two innovative features designed to extend the convention’s impact beyond the event itself. Conference workshops were recorded and made available for continued learning and professional development.
These recordings will be shared with OLCC members and made available for broader public access, expanding educational opportunities for businesses and entrepreneurs throughout California. The workshop content will also be distributed to the 85 Latino Chambers and Affiliate Members within the CHCC network, which collectively is 135 member organizations statewide.
In addition, OLCC created and managed the Oakland Mercadito, a vibrant marketplace showcasing local Latino and Latina entrepreneurs. The Mercadito provided small business owners with an opportunity to market their products and services, connect with new customers, and gain exposure to business and community leaders from across the state.
The initiative highlighted Oakland’s entrepreneurial talent and demonstrated OLCC’s commitment to supporting small business growth and economic opportunity.
“Oakland is one of the most diverse cities in the United States” commented Peter Gamez, president & CEO of Visit Oakland. “Our city’s celebration of culture makes everyone feel they belong here and allows for truly authentic experiences.
“Our diversity is a powerful draw for groups and individual visitors. We are extremely proud of this and continue to cultivate and grow this message as we welcome conferences and conventions to The Town,” Gamez said.
For more information, see the Visit Oakland video about the CHCC Convention In Oakland: https://lnkd.in/p/eRpe2sYD
The Oakland Latino Chamber of Commerce is the source of this story.
About The Oakland Latino Chamber of Commerce
Oakland Latino Chamber of Commerce (OLCC) www.oaklandlatinochamber.com is dedicated to advancing economic opportunity, strengthening business capacity, and elevating the visibility of Latino-owned businesses throughout Oakland and the East Bay. Through advocacy, partnerships, technical assistance, and community engagement, OLCC works to ensure that Latino entrepreneurs have the resources and support necessary to thrive.
Black Press
20 Years of California Climate Law: Gov. Newsom and Former Gov. Schwarzenegger Lead Milestone Celebration
Gov. Gavin Newsom and former Gov. Arnold Schwarzenegger recently gathered at the California Economic Summit to mark the 20th anniversary of the Global Warming Solutions Act. The bipartisan celebration highlighted how the landmark law established a framework for reducing greenhouse gas emissions through the state’s cap-and-invest program. While the governors credited these policies with fostering clean-energy innovation and driving economic growth, critics continue to raise concerns regarding the impact of environmental regulations on energy affordability for residents. Read more to learn about the state’s climate milestones.
California Gov. Gavin Newsom and former Gov. Arnold Schwarzenegger celebrated two decades of the state’s landmark climate law on Wednesday, Oct. 14, highlighting California’s efforts to reduce greenhouse gas emissions while growing its economy and expanding clean-energy investment.
The Democratic governor and Republican former governor appeared together at the 15th annual California Economic Summit in Long Beach to mark the 20th anniversary of Assembly Bill 32, the Global Warming Solutions Act, which Schwarzenegger signed in September 2006. The law established a framework for reducing California’s greenhouse gas emissions and helped lay the groundwork for the state’s cap-and-invest program.
“We’ve shown the world what a state can accomplish,” Schwarzenegger said, highlighting California’s climate leadership.
Newsom credited Schwarzenegger’s decision to sign AB 32 with helping create the state’s cap-and-invest program, which requires companies to reduce their emissions, purchase allowances, or fund projects that offset pollution. Revenue from the program supports climate initiatives, affordable housing and transportation projects, as well as electricity bill credits for residents.
Newsom said California has reinvested $16 billion to offset residents’ electricity costs since the program began and expects to receive another $8 billion over the next four years.
He also argued that predictable climate policies encourage businesses to invest in California’s clean-energy economy, pointing to Tesla as an example of the opportunities the state’s regulatory framework created.
“There’s no Elon Musk without what Gov. Schwarzenegger did because there would be no Tesla,” Newsom said.
Schwarzenegger agreed that long-term policy certainty helps attract investment, arguing that California’s climate initiatives demonstrate that environmental protections and economic development can advance together.
The state extended its cap-and-invest program through 2045 last year, giving businesses a longer-term framework for planning investments and meeting emissions requirements.
However, California’s approach continues to face criticism over energy affordability and regulatory costs. Wayne Winegarden, a senior fellow at the Pacific Research Institute, argued that assessments of the state’s climate policies should better account for the high energy costs Californians face. Critics have also questioned how much of the state’s economic growth can be directly attributed to its environmental regulations.
The governors’ joint appearance underscored their shared support for climate action despite their political differences. Schwarzenegger has criticized Newsom’s support for Proposition 50, the 2025 redistricting measure that temporarily allowed California lawmakers to redraw congressional districts.
The anniversary comes as California continues to pursue emissions reductions and clean-energy investment while facing questions about the cost of its climate policies for households and businesses.
Black History
Together Building Back Better
AFRICAN-AMERICAN NEWS AND ISSUES – DALLAS — For more than 57 years, the SHAPE Community Center has served as a cornerstone of Houston’s Third Ward, providing essential programs based on principles of unity and collective responsibility. Known as “The United Nations of The ‘Hood,” the center recently faced its most difficult challenge following a devastating electrical fire at the Nia Becnel Family Center.
I’m going through the most challenging experience of my life with SHAPE,” said Deloyd Parker. He has served as the executive director of the historic SHAPE Community Center for over 57 years and is still energetic and driven by the love of serving the people. Known as “The United Nations of The ‘Hood,” SHAPE is a precious cornerstone of Houston’s Third Ward, serving generations of families through programs and activities, with emphasis on Unity, Self-Determination, Collective Work & Responsibility, Cooperative Economics, Purpose, Creativity, and Faith.
January 2027 will mark two years since a devastating electrical fire took place at SHAPE’s Nia Becnel Family Center, located at 3815 Live Oak. The building and priceless historical items were significantly damaged and lost. That included the “Wall of Fame” photo collection that adorned the interior walls. Nedzra Ward, President of the Board of Directors, shared how the fi rst few days aft er the fire were very trying for everyone who loved SHAPE and those who visited the sacred grounds were in shock and silence. “We knew we had to start working to get things back up,” said Ms. Ward who has been apart of SHAPE’s staff and board for decades. In the aftermath, Ms. Ward called the insurance company and then reached out to Charles Cave to be the lead project manager. They also reached out to engineers Brian Smith, Barbara Smith and Frank Brown, and other experts to formulate the group known as Together Building Back Better (TBBB).
The team met weekly at the Harambee Admin Building located at 3903 Almeda Rd. And to continue serving the people, Mr. Parker and team worked to get that building certified and operational, especially for the children. “Deloyd never stopped. He was the driving force for everything. He made sure that someone was taking care of licenses and that this place was being refigured. His whole goal was to have these kids back and in a safe environment,” said Ms. Ward. “We have served the people for 57 years and as a result of serving the people, the people are coming through,” said Mr. Parker. “It’s going to take more than a fi re to put us out.
Volunteers from the community stepped up to help at Harambee Admin Building. Many programs, events and activities have resumed including the weekly Elders Institute of Wisdom and enrollment is now open for the 2026-2027 After School Enrichment Program. Soft opening scheduled for November The desire was to reopen the gutted Live Oak location within a year but Ms. Ward and Mr. Cave described the many challenges SHAPE has faced in this rebuilding effort. The insurance did not cover everything that’s needed and tariffs
The post TOGETHER BUILDING BACK BETTER appeared first on African American News and Issues.
Based on reporting by African-American News and Issues – Dallas.
Black Press
Fate of Bay Area Public Transit Hinges on Regional Transit Measure
Voters in five Bay Area counties will decide the fate of a regional sales tax measure on Nov. 3 that could determine the future of local public transportation. If approved, the Regional Transit Measure would implement new sales taxes in Alameda, Contra Costa, San Mateo, Santa Clara, and San Francisco counties starting in 2027. The funding aims to address massive financial deficits facing agencies like BART and Muni, providing nearly $1 billion annually to prevent station closures and service cuts. Read more.
On Nov. 3, voters in five Bay Area counties will vote on a regional sales tax measure that, if it fails, could prompt local transit agencies to close train stations and cut bus service.
If passed, the Regional Transit Measure, or RTM, will impose a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara counties as well as a one-cent sales tax in San Francisco starting April 2027.
The tax would raise an estimated $980 million annually for 14 years to fund the region’s public transit agencies, which are struggling with massive financial deficits. Revenue would go to BART, Muni, Caltrain, Alameda-Contra Costa Transit, the Santa Clara Valley Transportation Authority, the San Francisco Bay Ferry, Golden Gate Transit, and other transportation agencies operating in the five counties.
In California, a regional measure for a new sales tax would normally require a two-thirds majority approval if the state Legislature directly places it on a ballot. Transit advocates, however, chose to collect signatures to make the sales tax a citizen-initiated ballot measure that would lower the threshold to a simple majority of votes cast across the five counties.
The RTM received more than 241,000 signatures, exceeding the 186,000-signature threshold required to qualify for the ballot.
Black Press
OP-ED: For Us It’s Feel-a-Nomics
BLACKPRESSUSA NEWSWIRE — Consumer confidence is at its lowest level since 2014. The median household income in America is $87,460 but it takes a median income of $150,000 to buy a home. Affordable housing is sitting vacant because folks still can’t afford it particularly with the dramatic cuts to SNAP and Medicaid we saw in Trump’s “Big Ugly Bill.”
I often refer to the economic conditions we see in our Black community is Black-a-nomics. But that description is truly rooted in Feel-a-nomics: the economy that you can feel.
Feel-a-Nomics gets past the philosophical abstractions you hear about so much on the news that politicians use to paint a rosier picture than the reality you’re facing. Feel-a-Nomics doesn’t care about corporate profits or dividend projections because those earnings don’t trickle down to your wallet. It doesn’t pay any attention to inflated job numbers when we know that it takes at least two of those jobs to earn a living wage.
Feel-a-Nomics is the economy that affects every day of your life.
Foreclosure rates are skyrocketing up 21% for the first half of 2026 and car repossessions were up 43% as of January. That’s Feel-a-Nomics because it’s your home on the chopping block and that’s the car you need to get to and from your job.
Credit card debt is surging as more than half of Americans are forced to rely on credit cards to pay for basic needs like groceries, rent and utilities. Student debt has jumped since the Trump administration reversed course on Biden repayment and forgiveness plans. This unconstitutional war has brought us record high diesel prices and fertilizer costs along with 16 unnecessary American deaths with a Feel-a-Nomics impact of higher prices at the pump and the grocery store as it costs our farmers more not just to grow our food, but to send it to us too.
Consumer confidence is at its lowest level since 2014. The median household income in America is $87,460 but it takes a median income of $150,000 to buy a home. Affordable housing is sitting vacant because folks still can’t afford it particularly with the dramatic cuts to SNAP and Medicaid we saw in Trump’s “Big Ugly Bill.”
The MAGA healthcare cuts are piling on new premiums and high deductibles. High inflation, particularly at the gas pump and the grocery store, is cutting our legs from under us. The value of our dollar is shrinking at every turn and it doesn’t matter anymore if you want to get a second or third job because, according to another piss poor jobs report, the work just isn’t out there.
According to the Federal Reserve, the net worth of Black households is down 25%. That’s our home. That’s our community. Those are our families! That’s Feel-a-Nomics and, here in the Black community, it hurts. So let’s turn that pain into progress.
After gutting the Voting Rights Act and more, President Trump and the MAGA Congress has done everything they can to cripple Black progress and Black communities. They’ve picked our pockets and our bodies to the bone. But there’s something we can do about it.
The economics of voting are undeniable and, try as they might, they can’t keep us out of the voting booth. That’s why we have groups like State Voices, Repairers of the Breach, Common Cause, No Kings and more coming together to drive voter mobilization and participation. That’s why Repairers of the Breach is organizing 1,000 marches to the polls across the South and battleground states like North Carolina where 201,609 voters cast their ballots on Thursday’s first of early voting.
That’s a 46.7% increase in early voting from 2022. That’s huge! But it’s just the start.
We need a generational, Presidential year-type turnout if we’re going to turn this ship around and find the Feel-a-Nomics relief we need in our communities. That means we all have to do our part from the streets to the suites.
We need everyone from the PhDs to folks who don’t have a GED. We need the farmers and forklift drivers, college students to life students, front line workers for everyone who works on the line.
We need everyone.
We’ve all felt the impact of MAGAnomics and Trumpism. We’ve all felt the pain whether it’s that empty feeling looking at bills you just can’t pay no matter what you cut or the cramp in your stomach because you’re skipping meals trying to keep the lights on.
We’ve all felt the pain of these Feel-a-Nomics. But the good news is that we have an opportunity right now to do something about it. We have the opportunity to make a change at the ballot box.
But it’s going to take all of us to make it happen. It’s going to take every shoulder against the wheel to push back on the big money holding us down. It’s going to take all of us but we’ve done it before.
Are you ready to do it again?
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