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The Story: As racial disparities in the banking system persist, Black households are taking a proactive approach to making their money go further. Data from RFI Global and MacroMonitor finds...
While the share of unbanked households in the U.S. dropped to a record low in 2024, one out of three Black households remain unbanked, according to the FDIC. This data...
A look at tailored financial solutions for growing small business strength as black women continue to close the gender gap in the U.S. As the country recognizes National Small Business...
Data finds that low-income households are four times more likely to be “unbanked” and Black households are two-and-a-half times more likely to fall into the ranks of the under- and...
New data from the National Financial Educators Council finds that big gaps in financial literacy can cost consumers big bucks. Nearly four out of ten people report that lack of...
While it’s no secret that large banks play a vital role in the strength of our economy, regional and community banks are just as indispensable, serving customers in neighborhoods, towns...
Taking aim at black income disparity, Alpha Kappa Alpha Sorority, Incorporated (AKA) has announced the launch of For Members Only Federal Credit Union as the first “Black-owned, woman-led, sorority-based, digital...
How Black-owned financial institutions are serving communities with low to no access to financial services and improving the economic prospects of the underbanked With 40% of Black adults considered unbanked...
Efforts to improve diversity in banking and investments in Black-owned banks are paying off in communities across the country. According to BankBlack: “Black-owned and operated, financial institutions are pillars in...