You Are Here: Home » Business

Business Section

Auto dealers charge Blacks, Hispanics higher interest rates on loans

BY CHARLENE CROWELL NNPA NEWS WIRE COLUMNIST   In recent months, this column has reported on a series of settlements reached between banks and finance companies with the Consumer Financial Protection Bureau and the Department of Justice. All of the actions were taken to resolve claims of discrimination in auto lending. To date, over $200 million in fines and restitution have been made to car buyers of ...

Read more

Butterfield introduces Bill to issue a commemorative postage stamp in honor of George Henry White

WASHINGTON, DC – Today, Congressman G. K. Butterfield (NC-01) introduced H.R. 3034, a bill to direct the U.S. Postmaster General to issue a commemorative postage stamp in honor of George Henry White, the last African American to serve in Congress until 1929. “George Henry White was a persistent and thoughtful advocate for his constituents and all African Americans,” said Congressman Butterfield.  “He relent ...

Read more

Dream of home ownership a nightmare for Blacks

BY HARRY ALFORD Without argument the sub-prime mortgage crisis was the most devastating economic attack against Black America in history. We saw it coming, but did nothing about it. Mainstream banks such as Wells Fargo showed no shame in fleecing Black communities. Fannie Mae and Freddie Mac (two government sponsored enterprises) strayed way off their charters and soaked up severe amounts of risk. It began ...

Read more

The internet at a crossroads

BY HARRY ALFORD The communications network of the National Black Chamber of Commerce has evolved along with the Internet. When we first started back in the late 1980s, we would write and print out letters through a pinwheel printer. To print out 50 copies of a letter would take about an hour. Then, we would mail the 50 letters and wait a couple of days for them to reach our database. Before long, we would d ...

Read more
Scroll to top