Tag: Finances

England banking

British Banking Industry Considers New Rules Tying Executive Bonuses to a Company’s Overall Diversity and Inclusion Efforts

While it’s not unusual for some U.S. executives to receive bonuses based on various diversity goals within an organization, regulators in the U.K. are looking into enacting a more formal and official program linking the two ideas together, making financial services more accountable for their hiring practices. Bloomberg’s Aoife Kearins…

Housing and Urban Development Secretary Marcia Fudge

HUD Secretary Marcia Fudge Says Student Loan Debt Is a Major Hurdle for Black Homeownership

Black Americans are saddled with an overwhelming majority of the nation’s $1.7 trillion student debt — and according to Department of Housing and Urban Development (HUD) Secretary Marcia Fudge, that debt is one of the key factors preventing Black Americans from buying and owning their own home. Business Insider’s Ayelet…

Denver Mayor Michael Hancock

11 Mayors Team Up To Launch New Local Reparations Efforts, Establish Framework for a National Reparations Program

Following an announcement in March that city officials in Evanston, Illinois would begin paying qualifying city residents up to $25,000 in reparations for use on property payments and home repair, and fresh off the government’s announcement of Juneteenth becoming a federal holiday, mayors in 11 additional U.S. cities have announced…

executive boardroom

Black Corporate Board Membership Grew by 32% in the Last Year, but Major Gaps Still Exist

The murder of George Floyd galvanized the need for racial reform and equity in the U.S., and boards have been listening. Data from the consulting firm ISS Corporate Solutions reveals that between July 2020 and May 2021, 32% of individuals newly appointed to the corporate boards within the country’s largest…

Black female college graduates

New Study Reveals Black Female College Graduates Owe 20% More in Student Debt on Average Than White Female Graduates

College graduates in America, on the whole, owe more than $1.7 trillion in student debt, but women owe the larger percentage of that overall debt — an astounding $929 billion as of 2020. If those numbers weren’t disturbing enough, a new study from The American Association of University Women (AAUW)…

COVID-19 stimulus relief

Moderate Senate Democrats Force Reduction in COVID-19 Stimulus Check Availability; More Than 17 Million Americans Impacted

The White House and President Biden have agreed to reduce eligibility requirements for a new round of $1,400 stimulus checks — a decision that will impact an estimated 12 million adults and 5 million children, all of whom will no longer qualify for the relief payments. The move comes as…