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Monday, November 23, 2020
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Tag: banks

Two Black former executives sue the Federal Home Loan Bank of...

Two Black former executives, Lawrence Parks and Timothy Simons, are suing the Federal Home Loan Bank of San Francisco for breach of contract over a racial discrimination settlement, along with a racial discrimination claim. The claim stems from systemic, inequitable treatment of Black people – including Parks and Simons.

Dr. Belay Reddick launches #PardonMEAmerica

Dr. Belay Reddick has coined the hashtag and movement #PardonMEAmerica to seek commutations from President Donald Trump for him and his five friends who are lost in the maze of excessive, inappropriate sentences that have destroyed their lives without providing them second chances.

‘More Black Than Blue,’ the first report of the 2019 ‘Black...

“For far too long, Black voters in this country have been marginalized, misrepresented and taken for granted in electoral politics."

Broutage and coupé-decalé: A cybercrime way of life in Western Africa

The protagonists of cybercrime in the western part of the African continent are teenagers or even younger, high school students, boys, girls, men and women from all social classes. The majority of them for the past decade dropped out of school to devote themselves to cybercrime so as to earn a lot of money rapidly. Their office is the internet café, where they quarrel and joke in an ambiance of noisy excitement. When they earn money – up to millions of U.S. dollars – they loudly demand respect from everyone. They rent apartments and buy new cars and laptop computers.

Consumer Financial Protection Bureau, a government agency that actually listens

The Consumer Financial Protection Bureau was created five years ago by the Dodd-Frank financial reform law to be a “cop on the beat” to protect consumers in their dealings with banks, credit card companies and other financial firms. The CFPB clearly takes its job seriously. Some members of Congress who take their marching orders from Wall Street have been trying to weaken CFPB ever since it was created, but happily they haven’t succeeded.

Richmond’s Neighborhood Stabilization Plan moves forward against realtor opposition

At its last meeting of 2013, by a vote of 4-2, the Richmond City Council moved further along on its plans to stabilize our neighborhoods by restructuring the mortgages of underwater homeowners. Under the plan, mortgages would be reduced to a reasonable level that reflects their current value, which will give underwater homeowners some equity in the home and mortgage payments they can pay.

Using city power to prevent foreclosure

The City of Richmond is working with a group called Mortgage Resolution Partners. This company looks at underwater mortgages and offers the current lenders – banks, mortgage companies – to take the property off their hands at its current lower value and then lower the mortgage payments for the family living in the house.

New slavery

A felony conviction for a Black offender is a life sentence. It is a sentence to the underclass for life. Who is going to hire a Black man who is a felon? Felons can’t vote. They have no rights. They are locked into the underclass for life.

Fighting for our jobs

I am back with you fighting for our jobs at a time when I should have been preparing to choose many of you to work with me to build the new Bayview Library. The contract to build our library in our neighborhood was taken from my company, Liberty Builders, and awarded instead to a white contractor, K C K Builders, whose bid included no Blacks at all. This time we won’t let the gate swing shut again for another dozen years. We’re all fighting back – and we’re winning, especially with the passage of Supervisor John Avalos’ Mandatory Local Hire ordinance.