Business & Money

Student debt disrupts chances, widens racial wealth

by Nisa Islam Muhammad -Staff Writer-

Twenty years after starting college, the median debt of White students who took out loans has been reduced by 94 percent—with almost half holding no student debt—compared to Black student... »

Nothing Beats Buying Black!

by Azizah Muhammad | Sep 19, 2019 - 1:07:27 PM

ATLANTA—“We Buy Black,” a thriving movement that markets Black-owned businesses, recently hosted its 2nd annual convention at the Georgia International Convention Center in Atlanta, Georgia. »

Black-owned family bank marks 85 years of service

by Nisa Islam Muhammad -Staff Writer- | Sep 6, 2019 - 9:10:01 AM

Since 1934 Industrial Bank has served the nation’s capital and is currently the only Black family-owned bank in that area. Industrial Bank is among the top five largest Black-owned banks in the United States. »

Black Businesse$, Black Consumer$, A Neccessary Alliance

by Starla Muhammad -Managing Editor- | Aug 21, 2019 - 9:54:53 AM

CHICAGO—Entrepreneurship is nothing new in the Black community. Black people have historically worked hard to establish, maintain and grow their own businesses to cultivate an economic base in providing goods, products and services to consumers. »

Cooperative economics at work in Peoria, Illinois

by William P. Muhammad | Jul 23, 2019 - 9:39:43 AM

Creating opportunities in a community where little is recognized by some residents and casual observers, organizations like the Black-owned-and-operated Minority Business Development Center and the Black Business Alliance of Peoria offers economic solutions to underserved neighborhoods. »

Bankruptcy: An option for student loan debt?

by Nisa Islam Muhammad -Staff Writer- | Jul 3, 2019 - 3:01:13 PM

Robert F. Smith changed the lives of 396 Morehouse College graduates when he announced at their May commencement that he was paying their student loans which could total as much as $40 million. »

Black economics with a purpose: The Black Mall needs you now

by Tariqah Shakir-Muhammad -Final Call Newspaper- | May 1, 2019 - 3:21:49 PM

CHICAGO—The Black Mall, an online directory that features and promotes over 2,500 Black-owned businesses worldwide, is a potential goldmine for Black economics. »

Ice Cube, BIG3 outbid for Regional sports networks

by Bryan 18X Crawford -Contributing Writer- | May 1, 2019 - 2:17:19 PM

BIG3 founder and legendary West Coast rapper Ice Cube was outbid in an auction for 21 regional sports networks (RSN) currently owned by Disney after its purchase of network TV giant FOX. »

Consumer, civil rights groups condemn ‘Pay Day Rule’ delay

by Nisa Islam Muhammad -Staff Writer- | Mar 26, 2019 - 10:57:57 AM

Several national consumer and civil rights groups joined the growing voices of dissent against the Consumer Financial Protection Bureau’s proposed delay of a 2017 rule the agency had issued to stop payday and car title loans from trapping consumers in debt. »

Big banks leaving poor neighborhoods

by Nisa Islam Muhammad -Staff Writer- | Mar 22, 2019 - 3:13:06 PM

Big banks are leaving poor neighborhoods for more affluent ones, according to a report by Bloomberg News, and JP Morgan Chase bank is leading the way. They are forgoing branches for ATMs and online banking. »

Consumer Protection Bureau considers rescinding payday loan protections

by Nisa Islam Muhammad -Staff Writer- | Mar 5, 2019 - 10:52:45 PM

The Consumer Financial Protection Bureau’s (CFPB) recent proposal to rewrite its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” »

Payday loan ‘predators’ amid shutdown struggles

by Nisa Islam Muhammad -Staff Writer- | Jan 29, 2019 - 11:14:46 AM

WASHINGTON—Anita Miller used to drive by the payday loan stores that littered the neighborhoods on her way to work and she pitied the people who had to use their services. »

Change in financial aid form can halt missed opportunities

by Nisa Islam Muhammad -Staff Writer- | Dec 14, 2018 - 1:33:30 PM

WASHINGTON—Each year, the federal government gives more than $122 billion in aid to undergraduate students, helping more than 17 million of them go to colleges and universities. »

Arkansas and Missouri voters approve minimum wage hike

by Nisa Islam Muhammad -Staff Writer- | Nov 26, 2018 - 12:56:06 PM

Voters in Arkansas and Missouri crossed party lines to say “yes” to higher minimum wages for nearly one million workers. Citizens overwhelmingly voted in favor of higher paychecks, with 68 percent in favor in Arkansas and 61 percent in favor in Missouri. »

Inaugural ‘We Buy Black Convention’ in Atlanta Nov. 16-17

by Final Call News | Nov 13, 2018 - 12:24:58 AM

The inaugural We Buy Black Convention will be like no other! It’s time we clearly identify and remove our dollars from products and services that disrespect and devalue our community, replace them with reputable and amazing Black-owned brands, and rebuild the life and community we want to see. »

FEATURED STORIES

Black Dollars, Black Power

Black people pooling economic resources is not an unrealistic fantasy...

George Fraser: Creating a Culture of Success and Empowerment

George Fraser may not be among the most well known...

Student debt disrupts chances, widens racial wealth

Twenty years after starting college, the median debt of White...

Nothing Beats Buying Black!

ATLANTA—“We Buy Black,” a thriving movement that markets Black-owned businesses,...

Black-owned family bank marks 85 years of service

Since 1934 Industrial Bank has served the nation’s capital and...

Black Businesse$, Black Consumer$, A Neccessary Alliance

CHICAGO—Entrepreneurship is nothing new in the Black community. Black people...

Cooperative economics at work in Peoria, Illinois

Creating opportunities in a community where little is recognized by...

Bankruptcy: An option for student loan debt?

Robert F. Smith changed the lives of 396 Morehouse College...

Black economics with a purpose: The Black Mall needs you now

CHICAGO—The Black Mall, an online directory that features and promotes...

Ice Cube, BIG3 outbid for Regional sports networks

BIG3 founder and legendary West Coast rapper Ice Cube was...

Consumer, civil rights groups condemn ‘Pay Day Rule’ delay

Several national consumer and civil rights groups joined the growing...

Big banks leaving poor neighborhoods

Big banks are leaving poor neighborhoods for more affluent ones,...
FCN 2018