Newswire : Nation’s credit card debt passes $1 Trillion

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Newswire : Nation’s credit card debt passes $1 Trillion

By Charlene Crowell (TriceEdneyWire.com) - For the first time since the Consumer Financial Protection Bureau (CFPB) began collecting credit card data, the nation’s related debt reached an all-time high of $1 trillion in 2022. New research released in late October examines how and why this debt grew, but also how emerging trends in card usage affect the […]

Source: Greene County Democrat | Serving Greene County Like No Other Newspaper

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Afro Future Con 3.0: Bigger, Better, and More Inclusive - The San Diego Voice & Viewpoint

By VOICE & VIEWPOINT NEWSWIRE Afro Future Con, formerly known as Afro Con, made a triumphant return to the San Diego Jackie Robinson YMCA on the weekend of Saturday, September 9th, and Sunday, September 10th, and it surpassed all expectations. Each year, this event undergoes significant

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Source: Voice and Viewpoint – Voice and Viewpoint Newspaper

New poll from other side of aisle, with similar results

(The Center Square) – Republicans are leading among North Carolina voters in both state and national races, says a nonprofit policy organization's new poll. Voters in the Old North State head to the polls on Super Tuesday in the primary calendar six months from today. The general election is jus

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Source: The Black Chronicle

Landmark $1.85 Billion in Relief for Federal and Private Loan Borrowers - The Washington Informer

A broad coalition of state attorneys general recently secured student loan debt cancellation and restitution against Navient, the nation's largest student loan servicer. The post Landmark $1.85 Billion in Relief for Federal and Private Loan Borrowers appeared first on The Washin

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Source: The Washington Informer

Financial Fairness at Risk With Proposed TD Bank-First Horizon Merger

Consumer advocates currently are urging bank regulators to thoroughly examine a proposed TD Bank merger, particularly in light of the lender's record with home loans and overdraft fees. The post Financial Fairness at Risk With Proposed TD Bank-First Horizon Merger appeared firs

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Source: The Washington Informer

Founding Member of The Isley Brothers, Rudolph Isley, Dies at 84 - The San Diego Voice & Viewpoint

By Stacy M. Brown, NNPA Newswire Senior National Correspondent Rudolph Isley, a founding member, and key figure in creating the popular soul group The Isley Brothers, has died at 84. Ronald Isley, his brother, and fellow bandmate expressed heartbreak in a statement. “There are no words to express

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Source: Voice and Viewpoint – Voice and Viewpoint Newspaper

Why we will never forget Buhari, Nigerians share reasons

While more comments are commending him for infrastructural development and the new minimum wage bill, many have accused him of nepotism. The post Why we will never forget Buhari, Nigerians share reasons appeared first on Premium Times Nigeria.

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Civil rights groups oppose fast-tracked Supreme Court nominee: Nation’s diversity not represented in its courts - Los Angeles Sentinel

One of the most consequential decisions that presidents make are lifetime federal judicial appointments at every level: circuit, appellate and the U.S. Supreme Court. The independent federal judiciary is charged with ensuring that the nation’s courts are fair to all people. Even the phrase “equal

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Source: Black News Black Press | Los Angeles Sentinel | Los Angeles Sentinel | Black News

Wealth Gap Costs Over Last Two Decades: $2.7 Trillion in Black Income, $16 Trillion To U.S. Economy - Voice and Viewpoint

By Charlene Crowell, Senior Fellow with the Center for Responsible Lending America’s persistent racial income and wealth gaps are the result of four intertwined factors: housing, education, business ownership and access to credit. Closing these gaps would facilitate inter-generational wealth

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Congressional Black Caucus will soon embark on nationwide tour to protect Black Americans’ fundamental rights

“The Congressional Black Caucus understands the moment that we're in, and we also understand the weight of the moment to The post Congressional Black Caucus will soon embark on nationwide tour to protect Black Americans’ fundamental rights appeared first on TheGrio.

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Non-bank Lender Trident Mortgage to Pay Over $22 Million for Redlining By Charlene Crowell

By Charlene Crowell, Courtesy of Trice Edney Newswire A four-year investigation begun by Pennsylvania’s state attorney general attracted the support and resources of the United States’ Department of Justice

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Manchin Out of the Running for U.S. Senate in 2024, Stirs Rumors of Presidential Bid | USVI News | WCVI-TV

Senator Joe Manchin (D- WV) announced yesterday he will not seek re-election in 2024. The 76-year-old's decision not to run and future plans could impact Democrats in 2024.

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Source: USVI News | WCVI-TV

Uncovering the Dark Side: PPP Loan Fraud Cases in Florida and Beyond

The Paycheck Protection Program (PPP) was introduced to relieve struggling businesses during the unprecedented COVID-19 pandemic financially. However, as with any large-scale government program…

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The Child Tax Credit Cut Poverty. Then Congress Ended It - Dallas Weekly

By Bria Overs Originally appeared in Word in Black Black children had a lot to gain from the expanded Child Tax Credit. In just six months, the credit lifted 2.1 […] The post The Child Tax Credit Cut Poverty. Then Congress Ended It appeared first on Dallas Weekly.

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Understanding the nation’s ticking fiscal time clock: Federal funding to expire by mid-November - Garland Journal

By Charlene Crowell For the second time this year, Congress’ inability to reach consensus on essential fiscal legislation has devolved into largely partisan bickering and literal, last-minute temporary financial band-aids. On Sept. 30, the last day of the 2022-2023 federal fiscal year, a continuing

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‘Racist’ Former And Current LA City Council Members Sue Over Leaked Anti-Black Rants Hurting Their Reputations

Former and current Los Angeles city council members Kevin de León and Gil Cedillo, respectively, sued claiming that a leaked racist recording they were on hurt their

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Source: Black America Web

COMMENTARY: Record Inflation Shrinks Housing Affordability, Worsens Racial Wealth Gaps

NNPA NEWSWIRE — Homeownership, historically a reliable building block to family wealth, is more of a challenge today for first-time homebuyers. As of 2022’s first quarter, the median price of an existing single- family home grew to $368,200, according to the National Association of Realtors

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Source: Black News, Politics, Commentary & Culture | BlackPressUSA

COVID-19 scams target Blacks, other people of color FTC report reveals new and continuing financial fraud - Los Angeles Sentinel

Just as the annual holiday season of shopping and celebrating nears, a major federal financial regulator released new research detailing how communities of color not only are targeted by well-known types of predatory lenders, but new forms of fraud seek to exploit consumers in the throes of the

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Source: Black News Black Press | Los Angeles Sentinel | Los Angeles Sentinel | Black News

McCarthy Agrees to MAGA Wing's Request for Biden Impeachment Inquiry

The House of Representatives has agreed to move the request of the far-right MAGA wing of the Republican Party for an impeachment inquiry against President Joe Biden, despite the Biden administration's opposition and the potential consequences for the American people. The post M

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Source: The Washington Informer

Record $1.7 Trillion of Student Debt Drowns HBCU Borrowers

As the cost of a college education continues to rise, an estimated 45 million consumers collectively owe a record $1.7 trillion in student debt, according to the Federal Reserve — a $905 billion increase in just the past decade. For Black America, the struggle to gain a college education is an even

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Source: The Washington Informer

House GOP’s government shutdown threat set to collide with demands for Biden impeachment

(CNN) —Speaker Kevin McCarthy returns to Washington this week confronting a twin set of challenges: avoiding a costly government shutdown and addressing growing calls on the rightto impeach President Joe Biden, despite resistance from the party’s moderates. Congress is already fac

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Source: Home - The Atlanta Voice

TAF Africa scores INEC high on Bayelsa, Imo, Kogi elections

The primary aim was to assess INEC’s adherence to the requirements of providing assistive tools, as stipulated by the Electoral Act The post TAF Africa scores INEC high on Bayelsa, Imo, Kogi elections appeared first on Premium Times Nigeria.

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Companies, Non-Profits, Government Agencies Make Combined Commitment to Alert Millions to Emergency Rental Assistance | BlackPressUSA

NNPA NEWSWIRE — The National Low Income Housing Coalition plans to include a link to the CFPB tool on their website, place an article about the tool and emergency rental assistance in their newsletter which is distributed to 135,000 people, and will brief stakeholders on their weekly

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Source: Black News, Politics, Commentary & Culture | BlackPressUSA

America’s Continued Love Affair With Mass Incarceration » The New Journal and Guide

"A concerning surge in jail populations." #MassIncarceration #JusticeSystem #IncarcerationTrends #CriminalJustice #IncarcerationEffects #PrisonData The post America’s Continued Love Affair With Mass Incarceration first appeared on The New Journal and Guide. Continue reading America’s Continu

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COVID-19 Scams target Blacks, other People of Color - Texas Metro News

By Charlene Crowell Just as the annual holiday season of shopping and celebrating nears, a major federal financial regulator released new research detailing how communities of color not only are targeted by well-known types of predatory lenders, but new forms of fraud seek to exploit consumers in

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Source: Delivering News You Can Use

Record Inflation Shrinks Housing Affordability, Worsens Racial Wealth Gaps

If this nation really wants to address its affordable housing crisis, then it is time to give Black America a level playing field with access to affordable and sustainable mortgages. The post Record Inflation Shrinks Housing Affordability, Worsens Racial Wealth Gaps appeared fir

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Source: The Washington Informer

Consumer Groundswell Calls for End to Predatory Loans that Target Blacks and Other People of Color | BlackPressUSA

JACKSONVILLE FREE PRESS - “During an unprecedented economic downturn, brought on and exacerbated by COVID-19, the OCC seeks to expand the availability of exploitative loans that trap borrowers in a never-ending cycle of debt,” wrote the attorneys general. “We urge Congress to use its powers under

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Another 100M Consumers at Risk from Capital One Data Breach - The Washington Informer

WASHINGTON INFORMER — A second major disclosure of major consumer data breach was announced on July 29 by Capital One Bank. That same day, the FBI arrested a suspect was charged with stealing the personal information on March 22 and 23. The apparent focus of the financial theft was credit card

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$2.7 Billion Settlement Pending Federal Court Approval: Fake Credit Repair and Debt Relief Scams Date Back to 2016

The Consumer Financial Protection Bureau has announced a $2.7 billion judgment against major debt relief and credit repair firms for illegally collecting up-front fees and never delivering on promised services, and has also banned these firms from telemarketing credit repair servi

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Source: The Sacramento Observer

A year of COVID-19 brought record consumer debt and collection complaints

NNPA NEWSWIRE - “Systemic racism has fostered a debt collection landscape in which people of color are more likely to be contacted by collectors and more likely to be impacted by lawsuits resulting in wage garnishment and bank levies,” states CRL. “State laws differ in terms of how much money is

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OUR VOICES: What happens if America can no longer pay its bills? - Garland Journal

By Charlene Crowell For much of Black America, having adequate cash to cover monthly bills or small business overhead has historically been an ongoing challenge. But over the coming days, the nation’s coffers could also lack adequate cash and credit to cover its bills. The debt limit is the total

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