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News

2019

March

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  • Minorities become their own banks in CA. In Los Angeles, diverse neighborhoods probably wouldn’t exist today without ROSCAs, which are most often run by women. When banks wouldn’t lend to minorities, the kye helped Koreatown business owners cluster
  • Trump renews call to pull NPR and PBS funding. President Trump’s 2020 budget proposal calls for eliminating popular programs such as the Corporation for Public Broadcasting, which helps fund stations such as PBS and NPR, and the National Endowment for the Arts (NEA).
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  • Consumer protection wanes under Trump, reports find. Tasked with protecting Americans against harmful financial practices, the Consumer Financial Protection Bureau has taken a less aggressive approach under the Trump administration, according to a pair of new reports. Overall enforcement activity has
  • ¿Horas extra? No para todos. La Administración Trump rebaja sustancialmente la propuesta de Obama de pagar el horario real de trabajo El departamento de Trabajo ha propuesto ampliar el número de personas que pueden tener derecho
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  • Lawmakers blast Wells Fargo chief over scandals. House lawmakers on Tuesday skewered the head of Wells Fargo as he argued that the bank has made vast improvements and turned the page in the aftermath of scandals that led to a slew of
  • Uber settles drivers’ lawsuit for $20 million. Uber on Monday settled a long-running legal battle with drivers in California and Massachusetts who wanted the ride-hailing company to recognize them as employees, agreeing to pay the drivers $20 million but not changing their status
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  • Bank deposit advances are payday loans in disguise. In a recent op-ed, Consumer Bankers Association President Richard Hunt asserts that bank payday loans were a service to customers and argues that they should be restarted. The facts, though, show that while these loans
 

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