Author: minoritybank
McDonald’s cools on DEI, shifts to ‘global inclusion’
The shift in strategy comes as a result of work done last year, McDonald’s said, including a “comprehensive Civil Rights Audit.”https://www.esgdive.com/news/mcdonalds-dei-2025-global-inclusion/736733/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202025-01-08%20ESG%20Dive%20%5Bissue:69246%5D&utm_term=ESG%20Dive Also see: https://corporate.mcdonalds.com/corpmcd/our-stories/article/our-commitment-to-inclusion.html
PayPal Minority VC Funding Lawsuit: A Bad-Faith Argument
The lawsuit filed by Andav Capital and its founder, Nisha Desai, against PayPal represents not only a fundamental misunderstanding of the purpose and legality of diversity initiatives but also a bad-faith attempt to weaponize civil rights law against efforts to address historical and systemic inequities. See: https://www.linkedin.com/pulse/response-paypal-minority-vc-funding-lawsuit-zbqse/
Dream Chasers Capital Group Calls for Transparency and Accountability at Carver Bancorp Annual Meeting
NEW YORK, Dec. 13, 2024 — Dream Chasers Capital Group LLC (“Dream Chasers”) is raising serious concerns about irregularities during the Carver Bancorp, Inc. (“Carver,” or the “Company”) (NASDAQ: CARV) Annual Meeting of Shareholders held on December 12, 2024. Dream Chasers is urging Carver’s Chief Executive Officer, Donald Felix, and the Board of Directors to […]
Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses
Trump’s New Economic Policies Could Have A Detrimental Impact On Black Businesses, Yet Some Opportunities May Exist. https://www.blackenterprise.com/trumps-new-economic-policies-could-have-a-detrimental-impact-on-black-businesses-yet-some-opportunities-may-exist/amp For more, see: Webinar – Trump’s Impact on Black, Small, Minority and Women-owned Businesses. Live Dec 30, 2024 at 3:00 PM. Creative Investment Research. https://events.eventnoire.com/e/trumps-impact-on-black-small-minority-and-women-ow
A small-dollar business lending scheme finds a niche at Huntington.
Huntington Bancshares’ Lift Local small-business lending program started small, but after four years, it’s become one of the $201 billion-asset company’s more popular product offerings. Executives at Huntington Bancshares said the $201 billion-asset company’s 4-year-old Lift Local Business lending program has far exceeded their expectations. The numbers tell the story. Huntington launched Lift Local in […]
BankThink – ‘Kamalanomics’ presents a major growth opportunity for US banks
As the 2024 election season heats up, economic policy proposals are once again at the forefront of the national debate. Vice President Kamala Harris, widely recognized for her work in the Senate and in the White House, has introduced a comprehensive economic strategy known as “Kamalanomics,” built on principles of inclusive growth, social equity and […]
UnivNoCar TO PAY $4.8M TO ANTI-AFFIRMATIVE ACTION ACTIVIST
The case revolves around Students for Fair Admissions, which received a $4.8 million settlement from the University of North Carolina (UNC) following a Supreme Court ruling against race-conscious admission programs. Blum’s pursuit of legal fees post-ruling, alongside concerns about the financial impact on educational institutions and potential deterrents to diversity initiatives, could be seen as […]
Racial Disadvantage and Government Aid
In a recent article, the Washington Post presented a contentious view on the role of federal programs in addressing racial inequality. The paper indicated these programs are based on flawed assumptions of inherent disadvantage, but this overlooks the nuanced complexities of systemic barriers faced by minority groups. What is needed is a more honest, ethical, […]
SBA LENDING TO BLACK BUSINESSES DOUBLES
Calling it “historic progress,” the U.S. Small Business Administration announced it has doubled lending to Black businesses nationwide in multiple categories. The SBA on Thursday, Sept. 21, reported it has backed 4,387 loans to Black-owned businesses so far in fiscal 2023 via its 7(a) and 504 loan programs, over twice as many as since 2020. […]