As students and their families begin preparing for another school year, the Consumer Financial Protection Bureau (CFPB) is reporting a record increase over the past year in the number of
Author Archives: Charlene Crowell | NNPA News Wire Columnist
Posted inOpinion-OW
Under Trump, Justice Department resumes fight for White privilege
As millions of students return to school, the nation’s Justice Department (DOJ) is beginning an investigation that could potentially sue universities over affirmative action admissions policies. As first reported by “The New York Times,” the Justice Department’s Civil Rights Division will carry out this effort to determine whether White applicants were discriminated against.
Posted inBusiness-OW
Study finds steep decline in Black home ownership
For the 12th consecutive year, America’s national homeownership rate has declined, according Harvard University’s Joint Center for Housing Studies (JCHS)’ annual report, State of the Nation’s Housing 2017. This year’s report also found these declines vary by race and ethnicity.
Posted inOpinion-OW
White House proposes $9.2 billion cut in education funding
No one ever said that higher education wouldn’t cost money. Across the country, tuition is steadily rising and students are taking longer to pay off their student loans.
Today, 44 million consumers share $1.4 trillion in borrowed student debt – more than double what it was in 2008. On average, graduating seniors with a bachelor’s degree begin their careers with about $30,000 in student loans, while graduate students are almost assured of incurring six-figure student debt.
Posted inOpinion-OW
Report: Blacks and Latinos still face housing discrimination in California
Although many American families have modest financial means, there is nothing small about their hopes. Owning a home has long been an important part of the American Dream.
Posted inLocal Politics
CFPB Cracks Down on Illegal Debt Collections
As holiday revelers toasted the season, a key federal regulator took two steps to ensure that 2016 would bring an important change for consumers harassed by illegal debt collector actions.
Posted inLocal Politics
Abusive Debt Collectors Target Black Consumers
An old adage teaches that one man’s pain is another’s gain. That adage is a truism when it comes to the debt collection industry.
According to the Federal Trade Commission (FTC), debt buyers pay just 3.1 percent on the dollar for defaulted debts. Additionally, 94 percent of these debts are sold with without documentation.