Discrimination by Banks in Treatment of Foreclosed Properties Uncovered

WASHINGTON – Today, the National Fair Housing Alliance (NFHA)and four of its local member organizations announced the results of an undercover investigation into the ways the nation’s financial institutions are failing to maintain and market Real Estate Owned (REO) properties in African-American and Latino neighborhoods.  The investigation of REO properties in nine major U.S. cities […]

Young Black Film Maker Globalizes the Art of Gospel Music with GospelChops.com

SACRAMENTO – Since the glory days of Mahalia Jackson, gospel music has been a stabilizing force in the African American community. A mainstay within the black church, the art of gospel music creation has seldom been studied outside of the church sanctuary. However, many gospel musicians have found fame and fortune by implementing the gospel […]

20-Somethings Stressed by $45,000 in Average Debt

PITTSBURGH – Twenty-somethings’ mounting debt is taking its toll, as 60 percent of the generation who grew up amid economic growth and graduated into a hard-hitting recession say they feel stressed about their outstanding debt, according to a survey by The PNC Financial Services Group, Inc. (NYSE: PNC). The unique study compares responses among Generation Y […]

Americans Accept Responsibility for Their Own Financial Security, But Still Want Safety Net

WASHINGTON – With the economy still shifting under their feet, Americans recognize that they have more responsibility than ever for their own financial security, including retirement, according to new research findings from Certified Financial Planner Board of Standards, Inc. But they still expect the government to provide a social safety net, the survey found. “Consumers are […]

Black Families Greatly Overrepresented Among U.S. Homeless

NEW YORK – In 2010, one out of every 141 black family members stayed in a homeless shelter, a rate seven times higher than members of white families, according to “Intergenerational Disparities Experienced by Homeless Black Families,” a report released by the Institute for Children, Poverty, and Homelessness. “The unfortunate fact is that black families […]

Google Offers Free Websites for California Small Businesses

MOUNTAIN VIEW – Google is kicking off  California Get Your Business Online , a program that offers California small businesses free websites and online training. Google is working with small business groups across the state to help drive economic growth by giving California businesses the tools and resources to establish a website, find new customers, and […]

New U-Haul Vans to Showcase the Underground Railroad

DRESDEN – U-Haul announced the release of an additional 800 new 10-foot moving vans to showcase the Underground Railroad, just in time to honor Black History Month. Recognized today as one of the first civil rights movements, the Underground Railroad, with its loose association of people, places and things, helped more than 100,000 fugitives during […]

Only 54% of Americans Have More Emergency Savings than Credit Card Debt

NEW YORK – Only 54% of Americans have more emergency savings than credit card debt, according to a new poll released today by Bankrate.com (NYSE: RATE). One in four Americans (25%) has more credit card debt than emergency savings and 16% have neither credit card debt nor emergency savings. Bankrate’s monthly Financial Security Index held […]

U. S. Supreme Court To Hear University of Texas Affirmative Action Case

NEW YORK – Today, the United States Supreme Court granted certiorari in Abigail Noel Fisher v. University of Texas, a case challenging the constitutionality of UT’s reintroduction of racial preferences in the undergraduate admissions process in 2004. In 2008, Abigail Fisher sued UT in federal court after she was denied admission, arguing that but for […]

Earvin “Magic” Johnson Set to Launch ASPIRE, A New African-American Network

LOS ANGELES – Entrepreneur and NBA Hall Of Famer Earvin “Magic” Johnson is set to launch ASPIRE, a new African-American network designed to entertain, inform and inspire through a diverse slate of original and acquired programming in the categories of movies, documentaries, short films, music, comedy, visual and performing arts and faith and inspirational programs. […]