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In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion. Over 3.4 million (12.7 percent) of nonemployer firms are Black-owned.
Leslie N. Shaw Sr. (August 2, 1922 – March 10, 1985) was the first African American to serve as Postmaster of Los Angeles, and of any major city in the United States. Shaw achieved success in the Savings and Loan Industry in Los Angeles and was a well-respected fundraiser for the Democratic Party, serving as a member of the Finance Committee for the Kennedy-Johnson campaign leading to the ...
9. Lost debit card replacement fees. 💵 Typical cost: $5 to $15 for rush delivery Many banks will send you a new debit card for free if yours is lost, stolen or damaged. But you may pay a fee ...
The DFPI protects California consumers and oversees the operations of state-licensed financial institutions, including banks, credit unions, debt collectors, nonbank mortgage lenders, student loan servicers, money transmitters, and others. Additionally, the department licenses and regulates a variety of financial businesses, including ...
In 2021, Black- or African-American-owned businesses brought in an estimated $183.3 billion in annual receipts, according to data from the U.S. Census Bureau.
In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions. The bank received its charter on November 26, 1946 with an initial investment of $150,000.
Eric's Credit Community reported generally consistent delinquency results, with a 24-month delinquency rate by credit grade for loans originated after January 1, 2006, ranging from 11.8% for 'AA' loans to 61.6% for 'HR' loans. The charge-off rates in many cases exceeded the interest received on the loan categories, resulting in a negative return.
In a tentative settlement, the Los Angeles Department of Water and Power has agreed to repay customers who were charged too much for sewer service from May 2016 to June 2022.