Black Businesses Continue to Face Down the Pandemic
By: Gregory Smith, Howard University News Service During the pandemic, Black businesses have faced challenges. Some were forced to close or nearly shut down, while others were fortunate to have an uptick in business. Black businesses were hit the hardest and had to adapt quickly to the mandatory shutdowns across the country while everyone was […]
Consumer Financial Protection Bureau Gives a Green Light to Predatory Payday Lenders
NNPA NEWSWIRE — “There is never a good time to enable predatory loans carrying 400% interest rates,” noted Mike Calhoun, President of the Center for Responsible Lending (CRL), “but this is the worst possible time. The pain caused by the CFPB gutting the payday rule will be felt most by those who can least afford it, including communities of color who are disproportionately targeted by payday lenders.”
