As 2017’s Black History observances unfold in communities across the country, new research on racial wealth gaps refutes the age-old advice for people of color to pull themselves up by their proverbial bootstraps. According to researchers at Demos and the Institute for Assets and Social Policy at Brandeis University, historical and systemic privileges afforded Whites and denied to Blacks are the true root causes of the gap.
Author Archives: Charlene Crowell | NNPA Newswire Columnist
Posted inOpinion-OW
Consumers get back over $17 million, thanks to CFPB
Millions of consumers who were duped into paying fees for their own credit scores will soon receive more than $17.6 million, thanks to the Consumer Financial Protection Bureau. Affected consumers can expect to receive notification letters in the mail.
TransUnion and Equifax, two of the nation’s largest credit reporting agencies, sold credit scores, credit reports and credit monitoring services to consumers even though the “credit scores” sold were not typically used by lenders to make credit decisions. As a result, what consumers paid to these two firms was of questionable value.
