Business

SBA names Minnesota Minority Small Business champion

Thursday, 02 April 2009 17:17

Edgardo Rodriguez, Business Consultant at the Metropolitan Economic Development Association (MEDA), has been named the Minnesota Minority Small Business Champion of the Year by the U.S. Small Business Administration.

IRS seeks Minnesota volunteers for Taxpayer Advocacy Panel

Thursday, 02 April 2009 17:01

The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), which listens to taxpayers, identifies key issues and makes recommendations for improving IRS service.

Ellison, Klobuchar introduce legislation to combat predatory lending

Thursday, 02 April 2009 16:58

WASHINGTON, 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.

NAACP lawsuit says Wells Fargo, HSBC discriminated against Blacks

Thursday, 19 March 2009 13:55 Special to the NNPA from the St. Louis American

(NNPA) - The NAACP is accusing Wells Fargo and HSBC of forcing Blacks into subprime mortgages while whites with identical qualifications got lower rates.

Wells Fargo and National Urban League publish new foreclosure prevention workbook

Thursday, 12 March 2009 12:13 BPRW

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.

Wedge Co-op announces 2008 Wedgeshare Grant recipients

Thursday, 12 March 2009 11:56

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.

Study shows disconnect between African American attitudes and actions when it comes to personal finance planning

Thursday, 12 March 2009 11:53 BPRW

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.