The homeownership rate among Black Americans is 42%. For white Americans, it's more than 70%.
Still in its pilot phase, Onward promotes saving in small increments with a view to building a nest egg and eventually creating credit.
Some see a conflict of interest in how PACE loans are made.
A series from Bloomberg this week sheds light on a predatory lending practice that’s turning New York’s court system into a debt-collection machine. Some lenders that offer cash advances to small businesses require their customers to sign what’s called a “confession of judgment.” That means before borrowers get a loan, they sign away their right […]