The Consumer Financial Protection Bureau (CFPB) is the consumer’s advocate. In October 2015, the CFPB proposed a rule to amend Regulation C and the Home Mortgage Disclosure Act (HMDA). The rule, scheduled to take effect in January 2018, would change the processes for reporting data, the types of data that financial lenders are required to […]
Entrepreneurship is a crucial to closing the racial wealth gap. Yet, Experian Data’s recent study on minority businesses shows that although the number of minority businesses is growing, they tend to fail. Why? Minority entrepreneurs are facing a capital crisis. Twenty-one percent of all small business owners are minorities, and industry professionals are beginning to […]
To not understand the language of money, financial literacy, and to not have a mainstream bank (or credit union) account in the 21st century, clearly an economic age, is to be an economic slave. If you do not know better, you cannot do better.