Author: minoritybank

Trump’s Tariffs: A Heavy Blow to Black and Minority-Owned Businesses

The impact of Trump’s proposed tariffs on Black and minority-owned businesses could be significant and largely negative, given their reliance on cost-effective supply chains, imported goods, and price-sensitive consumers. Here’s a breakdown of how these tariffs might affect minority businesses: https://www.impactinvesting.online/2025/02/trumps-tariffs-heavy-blow-to-black-and.html

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 […]