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Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation Rakes in National, State and Local Recognition

Honey Brown Hope Foundation

Houston, TX — The Honey Brown Hope Foundation, a nationally recognized, award-winning 501(c)3 non-profit that has served youth and their families for over two decades, announced today that it is thankful this holiday season for recently being recognized for its civil rights

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Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Community Empowerment: Black Chambers of Commerce Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- Back in September I wrote an article entitled, Voter Suppression: Creating Black Wealth.  The impetus for that article was a commentary written by Earl G. Graves, Sr., Publisher of Black Enterprise. 

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Employees of Small, Locally-Owned Businesses Have More Company Loyalty

Employees of Small, Locally-Owned Businesses Have More Company Loyalty

loyalty to employers

Employees who work at small, locally owned businesses have the highest level of loyalty to their employers — and for rural workers, size and ownership of their company figure even more into their commitment than job satisfaction does

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The Pawns of Politics: Where Is My Patronage?

The Pawns of Politics: Where Is My Patronage?

Peter Grear

Educate, organize and mobilize -- For more than a year leading up to the recently completed General Elections, I’ve written about Voter Suppression, gerrymandering, the Black vote and voters.  

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Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Verbal Abuse in the Workplace: Are Men or Women Most at Risk?

Abuse in the Workplace

There is no significant difference in the prevalence of verbal abuse in the workplace between men and women, according to a systematic review of the literature conducted by researchers at the Institut universitaire de santé mentale de Montréal

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The Decision to Handle Rejection

The Decision to Handle Rejection

Rev. Manson B. Johnson

The Big Idea: Endurance is the key to achieving challenging goals in life.“Man’s rejection can be God’s direction.  God sometimes uses the rejection of hateful people to move us to a new place or assignment–where we wouldn’t have thought of going on our own.  

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Subscribe to Get GDN Print Edition

Subscribe to Get GDN Print Edition

Print Subscription

 Greater Diversity News (GDN) is a statewide publication with national reach and relevance.  We are a chosen news source for underrepresented and underserved communities in North Carolina.  

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Blacks, Latinos Strongest Supporters of Financial Reform

Written by Charlene Crowell on 06 August 2012.

Blacks and Latinos support financial reform more than any other group, according to a new poll released by Lake Research Partners. When consumers were asked if Wall Street caused the financial crisis, eight out of 10 African-Americans agreed. Sixty-five percent of Latinos agreed, compared to an overall rate of 64 percent. The telephone poll, conducted in July by Lake Research Partners, was jointly commissioned by the Center for Responsible Living (CRL), AARP, and Americans for Financial Reform (AFR) and the National Council of La Raza.

Considering that communities of color have lost the most financial ground during the greatest recession since that of the 1930s, racial and ethnic differences in responding to the poll are not surprising.

In general, people of color tend invest more in their personal residences than in stocks or bonds. Unfortunately, many times our communities are also the unfortunate targets of predatory lenders offering a range of high-cost products that often leave consumers in worse financial shape than before.

For example, in a recent guest commentary in The Hill, Congresswoman Maxine Waters [D-Calif.] said, “Many of us on Capitol Hill who feel strongly about the need for reform have been struggling with the sometimes-subtle, sometimes-overt, but always tenacious, attempts to undermine financial reform over the last two years. And because we’re sensitive to making sure that the law we passed works in practice, even some allies of financial reform are often too quick to believe the industry when they cry wolf about the unintended consequences of Dodd-Frank.”

Similarly, Jose A. Garcia, policy fellow, Wealth-Building Policy Project, National Council of La Raza, stated: “Latino voters, regardless of party affiliation, overwhelmingly support consumer protections as a means to ending decades of costly and deceptive credit that has disproportionally affected Latino families and the economic security of the Latino community.”

The 2010 Dodd‐Frank Wall Street Reform law was enacted in the wake of the economic meltdown to overhaul of the financial regulatory system. The law created the

Consumer Finance Protection Bureau, which consolidates the consumer finance protection authority previously scattered among seven different agencies into a single entity whose mission is to protect consumers from deceptive practices by banks, credit card companies and other institutions.

Consumers of color polled favor a strong CFPB and also called for the Bureau to:

Require clearer explanations of lending rates, terms and fees;

Oversee non-bank lenders;

Write tough rules matched by Bureau enforcement;

Create a searchable database where consumers can report unfair practices and/or view complaints and

Protect military service members who have been deployed from mortgage and foreclosures.

In the aftermath of devastating financial losses, followed by a string of lawsuit settlements against many of the nation’s largest banks to resolve charges of discriminatory lending practices and lack of maintenance of foreclosed homes, many people of color are not just hoping for – but expecting redress.

Mike Calhoun, CRL president said, “Everyday Americans know what’s good for their pocketbooks, their families, and our economy – that’s why a large, bipartisan majority is calling for financial reforms to take effect. Let’s hope policymakers hear them loud and clear.”

AARP Executive Vice President , Nancy LeaMond, said, “During the financial crisis, too many older Americans lost their savings due to the failure of an outdated and compromised financial regulatory system. That’s why most Americans say they want clear, accurate information so they can make the best financial decisions for their families, and a watchdog that will protect them from financial abuse.

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