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New York City’s Minority- and Women-Owned Firms Get $40 Million Boost From Banks

by admin | Feb 26, 2018 | banking, black owned, loans

Three of New York City’s designated banks are giving a combined $40 million to city programs supporting minority- and women-owned businesses and enterprises (MWBEs)—on top of a $20 million investment from the city. The biggest commitment came from Amalgamated Bank,...

Trump’s Roll Back on Dodd-Frank Could Cripple Black Businesses and Borrowers

by admin | Feb 25, 2017 | banking, black owned, cfpb, dodd frank, office of OMWI, section 342, Wall street reform

Communities of color are targets of high-cost, predatory financial products by Carolyn M. Brown    Posted: February 11, 2017 A-   A   A+   Donald Trump signed an Executive Order aimed at reducing several requirements in Dodd-Frank. President Barack Obama signed the...

Social entrepreneurship is the bottom line

by admin | Jan 26, 2016 | banking, black owned, cfpb, churches, credit union, dignity, disruptor, poor, Remarketing, status quo

I Love Automotive remarketing sales! You bring the big Guns!! The national sales manager will tell you how their proven system will save you time and money. This is followed by the VP of Marketing, claiming with authority that there proven marketing strategy is so...

Recent Dodd-Frank diversity and inclusion standards developments

by admin | Nov 16, 2015 | banking, black owned, cfpb, minority remarketing, office of OMWI, section 342

11/13/2015byDee Spagnuolo  | Ballard Spahr LLP Regulated entities should be aware of two recent developments concerning the final diversity and inclusion standards issued this summer under Dodd-Frank Section 342 by the CFPB, OCC, Fed, FDIC, NCUA and SEC. Given that...

98, 24, Omaha, pending, pending, pending

by admin | Aug 12, 2015 | banking, black owned, cfpb, dodd frank, finance, loans, minority remarketing, poor, Remarketing, status quo

For football fans, you may recognize this as a QB audible.     For others, you’ll recognize these as fines paid by Ally 98 mil, Honda 24 mil, Toyota (pending), Fifth-third (pending) and Santander (pending) for discriminatory and racists auto loan practices. The...

Through Chaos to Clarity

by admin | Jul 30, 2015 | banking, black owned, cfpb, credit union, dodd frank, finance, loans, minority remarketing, office of OMWI, payday, poor, Remarketing, section 342, status quo

Although, the final rules have not yet been adopted the CFPB has given a clear road map into the future.  http://files.consumerfinance.gov/f/201210_cfpb_debt-collection-examination-procedures.pdf . For the last year, the CFPB has made it clear that; Dealers, Banks,...
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  • New York City’s Minority- and Women-Owned Firms Get $40 Million Boost From Banks
  • Big Win for Whistleblowers In Bipartisan Budget Act
  • Trump’s Roll Back on Dodd-Frank Could Cripple Black Businesses and Borrowers

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    • keep your friends close.. NOT
    • buzz·word buzz-words (plural noun) a word or phrase, often an item of jargon, that is fashionable at a particular time or in a particular context.
    • New York City’s Minority- and Women-Owned Firms Get $40 Million Boost From Banks
    • Big Win for Whistleblowers In Bipartisan Budget Act
    • Trump’s Roll Back on Dodd-Frank Could Cripple Black Businesses and Borrowers
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