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Biden team faces pressure over who leads key banking regulator

Feb 1, 2021
The Office of the Comptroller of the Currency oversees most U.S. banking assets and can influence economic inequality.
Whoever the president taps to run the OCC will play an important role in addressing economic inequality, including the racial wealth gap.
Chip Somodevilla/Getty Images

How baby bonds could help close the racial wealth gap

Jan 13, 2021
A proposed $1,000 savings account for every baby born in the U.S. could improve future outcomes for an entire generation of families.
Rep. Ayanna Pressley, above, and Sen. Cory Booker are pushing for baby bonds to help close the racial wealth gap.
Tom Williams/AFP via Getty Images

Student loan debt adds to racial wealth disparities, research finds

The costs for Black borrowers to pursue a college have been growing exponentially.
Robyn Beck/AFP via Getty Images

Majority of Americans believe economy is rigged

Oct 16, 2020
More than 80% of Black Americans and nearly 70% of women say the economy is rigged in favor of certain groups. Experts say they're right.
Protesters in Los Angeles in May 2020.
Apu Gomes/AFP via Getty Images

JPMorgan Chase promises $30 billion to address racial wealth gap

Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
"We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people," JPMorgan Chase Chairman and CEO Jamie Dimon said.
Alex Wroblewski/Getty Images

How homeowners have gained a financial advantage during the pandemic

Sep 10, 2020
During the Great Recession, owning a house could sink you. Now, it's a life raft.
A house for sale in South Pasadena, California, in April. Home owners have several advantages during the pandemic.
Frederic J. Brown/AFP via Getty Images

Talk to kids about money, and remember, they "eat up honesty"

Sep 7, 2020
Shipra Parikh, a clinical social worker, explains why these conversations should be tailored to each families personal financial situation.
Leo Patrizi/Getty Images

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The credit union that aims to be a "lifeboat" in times of crises

Aug 26, 2020
Bill Bynum says Hope Credit Union is his ministry, giving predominantly Black communities a place to bank.
Bill Bynum
Courtesy of Hope Credit Union