Search Results for: wealth gap

Fintech CreditRich Signs New Agreement with Qolo
Digital Payments News

Fintech CreditRich Signs New Agreement with Qolo as New Payments Processor to Enhance Existing App

Fintech News Desk
by Fintech News Desk0
This Deal Now Creates Continued Pathways for Improving Credit and Building Wealth in Underserved Communities CreditRich, the new fintech that allows users to round up their spare change to pay their bills intelligently and optimize their credit scores as fast as possible, announced a newly executed contract with Qolo, the......
OneUnited Bank Announces New Compton Branch
Banking News

OneUnited Bank Announces New Compton Branch

Fintech News Desk
by Fintech News Desk0
America’s Largest Black Owned Bank Opens State of the Art Branch in Compton, California OneUnited Bank, the largest Black owned bank, announces the opening of its new state of the art branch in Compton, California on February 28, 2022. The Bank is excited to honor its roots and renew its long-term commitment to......
Visa Launches Program to Help Minority Depository Institutions Drive Economic Mobility
Digital Payments News

Visa Launches Program to Help Minority Depository Institutions Drive Economic Mobility

Fintech News Desk
by Fintech News Desk0
Visa will invest up to $100 million via deposits with MDIs and Provide Tools and Capacity Support to Minority-Led Banks Visa, a leading global payments technology company, announced the launch of Visa Minority Depository Institutions Accelerate, a new program to help reduce economic disparities and expand access and opportunity in......
Bank Of America Community Development Banking Provides Record $6.6 Billion in Lending and Investing in 2021
Banking News

Bank Of America Community Development Banking Provides Record $6.6 Billion in Lending and Investing in 2021

Fintech News Desk
by Fintech News Desk0
Five Consecutive Record Years of Financing, Representing a Total of $26.6 Billion and 60,000 Affordable Housing Units in Communities Across the Country Bank of America Community Development Banking (CDB) provided $6.6 billion in loans, tax credit equity investments, and other real estate development solutions in 2021, surpassing a previous record of $5.9 billion in......
United, Chase and Visa Celebrate Black History Month With Special Cardmember Offer
Fintech News

United, Chase and Visa Celebrate Black History Month With Special Cardmember Offer

Fintech News Desk
by Fintech News Desk0
For a second year, eligible United MileagePlus Visa Cardmembers will earn five total miles for every dollar donated to select charities supporting civil rights and education In honor of Black History Month, United Airlines, Chase and Visa are once again teaming up to inspire United Visa Cardmembers to donate to......
The Change Company Closes First Ever Residential Mortgage Backed Securitization Comprised Entirely of CDFI Originated Loans
Lending Mortgage News

The Change Company Closes First Ever Residential Mortgage Backed Securitization Comprised Entirely of CDFI Originated Loans

Fintech News Desk
by Fintech News Desk0
First ever RMBS transaction comprised entirely of mortgage loans originated by a Community Development Financial Institution was also designated a Social Bond by Institutional Shareholder Services. $297 million of residential mortgage loans backed the significantly oversubscribed ESG issuance which included over two dozen institutional investors. Offering allows Change to improve......
Citi Hires Black-Owned Firms to Distribute $2.5 Billion Bond Issuance In Support Of Affordable Housing
Finance News

Citi Hires Black-Owned Firms to Distribute $2.5 Billion Bond Issuance In Support Of Affordable Housing

Fintech News Desk
by Fintech News Desk0
Citi announced that it worked exclusively with five Black-owned firms to syndicate a $2.5 billion bond issuance, reinforcing the firm’s commitment to increasing racial equity in the capital markets and broader financial services industry. Latest Fintech Insights: Flushing Bank Announces Partnership with NYDIG to Offer Bitcoin Services Building on Citi’s long-standing......
Esusu Becomes One of the First Black-Owned Startups to Reach Unicorn Status
Finance Fintech News

Esusu Becomes One of the First Black-Owned Startups to Reach Unicorn Status

Fintech News Desk
by Fintech News Desk0
$130M Series B funding round, led by SoftBank Vision Fund 2, brings mission-driven fintech platform Esusu to a one-billion-dollar valuation Esusu, the leading financial technology company for rent reporting and data solutions for credit building, announced a new valuation of $1 billion after closing a $130 million round of funding.......
New York Community Bancorp, INC. Announces $28 Billion Community Benefits Agreement With NCRC
Banking Investment Services News

New York Community Bancorp, INC. Announces $28 Billion Community Benefits Agreement With NCRC

Fintech News Desk
by Fintech News Desk0
New York Community Bancorp, Inc.(the “Company” or “NYCB”) and the National Community Reinvestment Coalition (“NCRC”) announced the Company’s commitment to provide $28 billion in loans, investments, and other financial support to communities and people of color, low- and moderate-income (“LMI”) families and communities, and small businesses. Latest Fintech Insights: BlockFi Selects Bermuda......
50 Of The Nation's Top Black Women Business Owners Join Forces To Access More Contracts, Capital And Community
Banking Capital Markets News

50 Of The Nation’s Top Black Women Business Owners Join Forces To Access More Contracts, Capital And Community

Fintech News Desk
by Fintech News Desk0
The BOW Collective™ Organizes Successful Black Women Business Owners who generate $200 Million in revenue. Nicole Cober, Esq., Principal Managing Partner of The CJR Group, brings together 50 Black-female-owned businesses representing $200M in revenue to form The BOW Collective™, a groundbreaking organization of Black women business owners who partner together and compete for large-scale......
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