The PPP Who did it Really Help?
Thousands of Paycheck Protection Program (PPP)loans meant for small businesses crushed down by the coronavirus pandemic were awarded improperly to firms that already had received a PPP loan and were prevented from doing business with the federal government. A House oversight committee discovered this finding in a report released... Read more
The Largest Black-Owned Bank in the U.S was just created
The Nation’s Largest Black-owned bank was created this week with the merger of Los Angeles’ Broadway Federal Bank and Washington, D.C.’s City First Bank. Broadway Federal Bank, a Los Angeles-based commercial lender founded in 1946, will combine with City First Bank in Washington, which opened in 1998. The merger... Read more
Man allegedly stole thousands while working at bank, flaunted it on social media
A man who allegedly had dreams of living a lifestyle of the rich and famous took a wrong turn on his road to riches. Arlando M. Henderson, an aspiring rapper from Charlotte, was hired by Wells Fargo in April 2019, according to WTHR. With his job duties, Henderson had... Read more