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The Black homeownership rate that ticked up before the pandemic has again begun to fall, spurred by a widening mortgage approval gap between Black and white applicants. A Zillow analysis of data from the Home Mortgage Disclosure Act (HMDA)1 shows that while overall denial rates have decreased, Black applicants are increasingly more likely than white borrowers to be denied a mortgage. Black applicants are denied a mortgage at a rate 84% higher than that of white applicants — a big jump from 2019, when the disparity sat at 74%. In the

UrbanGeekz has teamed up with Finance Savvy CEO in a new partnership to support women and minority-owned startups. The Atlanta-based firms are collaborating to boost the financial health of this growing demographic. It comes as research increasingly shows that founders who benefit the most from business financial literacy skills are also the same groups that face the biggest barriers. In this brand-new alliance, UrbanGeekz has will provide 5 full-ride scholarships to the Finance Savvy CEO™ 2022 winter cohort of Your Profit Playbook™. The hands-on program helps underserved founders build the financial roadmap for their business and

The Propel Center, the global HBCU technology and learning hub intended to level the playing field and open greater doors of opportunity for their students, has announced the naming of respected social entrepreneur and education advocate Gene Wade as chief executive officer.    Wade most recently served as Founder and CEO of Honors Pathway in Oakland, California, a social venture that enabled low-income students to attend their first year of college at no cost while receiving over 500 hours of in-person coaching and mentoring. He also serves on several non-profit boards, including

Since social media has existed, people have reached online fame based on what they post to their profile. Through apps like Facebook, Instagram, and Tik Tok, some accounts have gained hundreds of thousands of followers and reached what is commonly known as influencer status. Within the past few years, influencers have started to monetize their following with companies who pay them to post ad-related content. Influencers have also been picked up for commercials and other professional ad placements. It has been suspected that white influencers benefit more than

U.S. Representative Bobby Rush (D-Ill.) announced that he will not be seeking re-election for a 16th term. Rush will finish out his current term in the U.S. Congress where he has served continuously since 1993 and continue his lifelong work for justice and equality outside the halls of Congress as a preacher, an activist, and a community organizer. “After nearly three decades in Congress, I have been reassigned,” Bobby Rush said. “Let me make it clear that I am not retiring, I am returning.  I’m returning home, returning

Warner Music Group (WMG) announced the acquisition of 300 Entertainment, one of the world's most successful and influential independent music companies. 300's artists include top-charting, multi-platinum stars such as Megan Thee Stallion – who won Best New Artist at this year's Grammy Awards, Young Thug and his label Young Stoner Life, Gunna, Fetty Wap, Highly Suspect, the newly signed "Queen of Hip-Hop Soul" Mary J. Blige, and many others. Since its launch nearly a decade ago, 300 has been distributed by Atlantic Records, and the acquisition represents the expansion of an

Shawn Rochester, who authored the spellbinding book “The Black Tax: The Cost of Being Black in America,” and Robin Watkins, a highly regarded financial and operations accountant, have made Wall Street history. And the two are poised to break through more barriers in the financial world. Their latest venture, Minority Equality Opportunities Acquisitions Inc. (MEOA), has raised $126.5 million they’ve earmarked to help minority businesses and enterprises grow and prosper through mergers and acquisitions. “It’s amazing to be a part of this,” Watkins, a Drexel University graduate, stated. While Rochester serves

Sharon Y. Bowen made history this month, becoming the first Black woman to chair the New York Stock Exchange Board. Bowen has a nearly 40-year career in corporate transactional law and is no stranger to making history. In 2014, Bowen became the first African American appointed Commissioner of the US Commodity Futures Trading Commission. Appointed by former President Barack Obama, Commissioner Bowen served until 2017. Bowen’s expansive career began as a corporate and transactional law associate at Davis, Polk & Wardwell before she became a partner at Latham & Watkins. Throughout

Today, Amazon announced it is committing more than $21 million to pilot a professional training, mentorship, and capital funding program to help promote real estate developers of color. This two-year, part-time professional development program, which is free for participants, aims to teach real estate developers of color how to advance their careers. It also aims to lower the barriers these developers can face when bidding for affordable housing developments. The goal of the program is to increase the number of professional real estate developers of color who are focused

ID.me, the secure digital identity network with 65 million members, announced it has appointed Erin Teague to its Board of Directors. Teague's experience leading the development of consumer-friendly technology will strengthen ID.me's commitment to "No Identity Left Behind," simplifying how all individuals securely prove and share their identity online. Teague currently serves as Google's director of product management at YouTube, where she leads several product verticals, including Racial Justice and Sports. She is also responsible for creating the YouTube Virtual Reality (VR) app, which is top-rated across VR platforms. For