Insight News

Friday
Nov 21st

Business

Ellison, Klobuchar introduce legislation to combat predatory lending

Ellison, Klobuchar introduce legislation to combat predatory lendingWASHINGTON, D.C. – US Rep. Keith Ellison (D-MN) and Sen. Amy Klobuchar (D-MN) introduced important legislation to combat mortgage lending abuses.  The Homeowner Fairness Act is comprehensive housing reform legislation that proposes tough new national standards based on the successes of the Minnesota mortgage lending law passed in 2007. Ellison, a Member of the House Financial Services Committee, introduced similar legislation in the previous session of Congress.
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NAACP lawsuit says Wells Fargo, HSBC discriminated against Blacks

(NNPA) - The NAACP is accusing Wells Fargo and HSBC of forcing Blacks into subprime mortgages while whites with identical qualifications got lower rates.
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Still there? Working when everyone else is gone

While enjoying that shorter commute to work, you have less time than ever to contemplate your unique situation: still employed. But “The Economy” is impacting you, too, and the sooner you acknowledge your new challenges, the better off you will be long term. Typical symptoms reported by those still working include increased stress at work, survivor’s guilt and anxiety. Ironically, these are the same problems your former co-workers are facing. Now what?
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Wells Fargo and National Urban League publish new foreclosure prevention workbook

Wells Fargo announced last week that with the National Urban League it will co-sponsor a new edition of The Foreclosure Workbook: The Complete Guide to Understanding Foreclosure and Saving Your Home. The workbook, written by foreclosure author Carla Douglin, will be free-of-charge to at-risk customers across the nation through Wells Fargo’s Leading the Way Home initiative.
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Wedge Co-op announces 2008 Wedgeshare Grant recipients

The Wedge Co-op, a Minneapolis natural and organic food cooperative with almost 14,000 member-owners, last week announced the 13 2008 WedgeShare organizations that received a total of  $50,000 in financial grants from the Wedge Co-op.
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Study shows disconnect between African American attitudes and actions when it comes to personal finance planning

COLUMBUS, OH--Afrcan Americans are more optimistic about their financial future over the next year than the general population, but the majority of those responding acknowledge they don’t have a financial game plan and many don’t know where to start. A new survey of 1,200 participants commissioned by The Smiley Group and Nationwide Insurance shows 58 percent of African Americans expect their household situation to be better a year from now, compared to only 30 percent of the general population sharing similar optimism.
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IRS reaches out to Minnesotans experiencing financial hardship

IRS reaches out to Minnesotans experiencing financial hardshipThe Internal Revenue Service and community partners nationwide will open hundreds of locations on Super Saturday, March 21, in an effort to reach Americans who may be struggling through difficult financial times and low- to moderate-income taxpayers who need help preparing tax returns.
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