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Buried in a sea of government regulations

Buried in a sea of government regulations

We African-Americans must get more involved in making policy. As one of my mentors taught me, “You can be one of two things: a political activist or a political victim.”  We must get into the game and ensure our needs will be met. And we have plenty of needs. As businesses work to overcome staggering obstacles […]

Bamboozled by financial systems, Blacks struggle to recover

Bamboozled by financial systems, Blacks struggle to recover

Suddenly, it dawns on you that you lost your home, your life savings and your credit rating tanked not by accident, but by design of predatory lenders, vultures that circled Black communities looking for prey and you – a highly-educated, middle-class Black woman – fit the profile. I am among those in that profile of […]

Big Republican lies about small businesses

Big Republican lies about small businesses

Two things always happen when there is a debate about whether to extend George W. Bush’s tax cuts.  First, Republicans drag out the tired and misleading argument that any effort to return the tax rate to the pre-2001 levels amounts to “a job-killing tax hike.”  Second, the corporate media fails to cite evidence that the […]

Thousands file consumer complaints with CFPB

Thousands file consumer complaints with CFPB

As we move toward the second anniversary of President Obama signing the Dodd-Frank financial reform law, more than 45,000 people have filed complaints with the newly created Consumer Financial Protection Bureau. In one case, a 77-year old Army veteran and retired businessman living in Georgia was certain he had paid off his mortgage, but his […]

The politics of power and the right to vote

The politics of power and the right to vote

As students and parents at Children’s Defense Fund Freedom Schools® sites across the country study our nation’s history this summer, they’re learning about the long struggle for voting rights in our nation and the importance of the vote to a vibrant democracy. One of their speakers was Hasan Kwame Jeffries, associate professor at the Kirwan […]

Young America is key to 2012 election

Young America is key to 2012 election

When young Americans come alive, they transform the possible. We saw that in 2008 when young Americans – the millennial generation of 18- to 29-year-olds – voted in large numbers (larger than the aging baby boomers), and overwhelmingly for Barack Obama. They cast almost one out of every six votes in that election and voted […]

It’s in their nature!

It’s in their nature!

As I reflect on my upbringing, I’m grateful for the old stories told in my youth. Most often they were rooted in values that taught significant life lessons. Many of my friends have similar old stories. My friend, Steve Blakely, said he remembers being told the story of a beaver and rattlesnake who were attempting […]

Racism is the real issue

Racism is the real issue

Recently, the New York Times published an article about the dismal employment prospects of Black men and women in New York City. Less than half of all Black adults in that city are working – a figure worse than for Whites, Asians or Latinos. The rates for unemployment, underemployment, and duration of unemployment between jobs […]

Mitt Romney gets a free pass

Mitt Romney gets a free pass

One of the most remarkable things about Mitt Romney’s run for the White House is that the presumptive Republican nominee is allowed to attack President Obama on everything from saving the automobile industry to immigration. Yet, the news media rarely point out that Romney is against many things – especially if proposed by President Obama […]

House seeks to undermine consumer financial protection

House seeks to undermine consumer financial protection

In the aftermath of the successful effort to better protect consumer finances, the Consumer Financial Protection Bureau (CFPB) is now facing a forceful effort to undermine its mission and operation. Even before CFPB reaches its first anniversary of operation, proposed federal legislation that would exempt a variety of non-bank lenders has attracted 19 co-sponsors from various […]