‘Enough — it’s hurting our business’: SoFi’s campaign to stop the student-loan payment pause that helps its own customers By: Jillian Berman | MarketWatch In 2018, a group of recent student loan borrowers gathered on a rooftop at a swanky hotel in Williamsburg, Brooklyn, to celebrate paying off their debt. A sign that read “Welcome, you’ve made it,” greeted the revelers when they stepped off the elevator 22 floors up. For a few hours, partygoers mingled, drank cocktails and posed for photos illuminated by ring light with the Manhattan skyline as a backdrop. The party was hosted by SoFi, the…
Author: SBE Staff
Operation HOPE’s Founder, Chairman and CEO, John Hope Bryant, was presented a Resolution in the House Chamber during the 2023 Georgia Legislative Session. State Representative Dexter Sharper applauded Bryant for his ongoing efforts to empower underserved communities through financial literacy and other programs to help build generational wealth. Bryant was also recognized as an American entrepreneur, thought leader, and philanthropist. He was joined by family members and the HOPE leadership team. Operation HOPE’s mission is to disrupt poverty for millions of low and moderate-income families across the nation with a focus on financial dignity and inclusion. The Atlanta-based organization provides communities with free credit and…
LOS ANGELES – A South Los Angeles man was sentenced today to 77 months in federal prison for committing six armed robberies of local businesses, mostly 7-Eleven stores, during a two-week crime spree in late 2021. Colin Powell Lacey, 29, of the Hyde Park neighborhood of Los Angeles, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong. Lacey pleaded guilty in August 2022 to one count of conspiracy to commit interference with commerce by robbery (Hobbs Act). From November 13, 2021, to November 29, 2021, Lacey participated in the robbery of six businesses – five of which were 7-Eleven convenience…
Re: Op-Ed “Who Killed Silicon Valley Bank?” Dear Wall Street Journal Editors: Every day, there is new analysis or additional opinions on the cause of the collapse of Silicon Valley Bank (SVB). SVB has played a foundational role in the infrastructure of the venture capital industry for decades. In fact, SVB’s failure was the second-largest bank failure in all of U.S. history. On Sunday, March 12th, the Federal Reserve, Treasury Department, and the FDIC took unprecedented measures to guarantee the $175 billion in deposits at the time of failure, way beyond what is required by the FDIC. This action demonstrated to the world…
LOS ANGELES – Authorities this morning arrested a Woodland Hills man on federal charges that allege he was extorting “protection” money from Koreatown businesses, sometimes using acts of violence against individuals who refused to pay. Daekun Cho, 38, was arrested by special agents from Homeland Security Investigations (HSI) and officers from the Los Angeles Police Department pursuant to a federal criminal complaint filed last week. The complaint charges Cho with interference with commerce by threats or violence. Cho is expected to make his initial appearance this afternoon in United States District Court in downtown Los Angeles. The federal investigation in this…
With only a few hours’ notice, District Attorney George Gascón canceled a meeting that his staff had scheduled a week ago with the Association of Deputy District Attorneys (ADDA). The purpose of the meeting was to discuss the request by the ADDA to reconsider his decision to dissolve the Victim Impact Program (VIP). VIP is a division of specially trained attorneys who prosecute the most sensitive cases in the office, such as domestic violence, sexual abuse, elder abuse, child abuse, hate crimes, sex crimes, and stalking. Gascón’s planned reorganization would reduce the number of experienced lawyers handling these cases. “This decision…
By Stephen Frank | California Political Review The U.S. taxpayers are bailing out the financiers of hate, racism, anti-women and the bullies trying to destroy America. Silicon Valley Bank was a major donor to the racist BLM and other violent organizations. “As it turns out, SVB was a massive donor to Black Lives Matter and other social justice causes, to the tune of nearly $74 million dollars. $73,450,000 to be more exact. The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as…
HBCU students will meet top executives within gaming and esports for a day of mentorship, networking and more McDonald’s tapped global esports organization Gen.G and the Black Collegiate Gaming Association (BCGA) to present the HBCU+ College netWORK Summit, happening today. This event will facilitate conversations and connections by introducing Black college students to professionals and entrepreneurs in the gaming and esports industries. In addition, 16 of the student participants will participate in an NBA 2K tournament with a $1,000 prize pool. Games will be streamed on the Gen.G Twitch channel: Twitch.tv/Gengesports, further expanding the student experience and exposure. HBCU+ College Network “It’s not enough to just open the…
LOS ANGELES – Tens of thousands of teachers and educational workers stood shoulder to shoulder at a “United For LA Schools Rally” to protest Los Angeles Unified School District’s (LAUSD) failure to address critical issues in our schools and key contract demands. Members of United Teachers Los Angeles (UTLA) and Service Employees International Union (SEIU) Local 99 gathered alongside students, parents, labor and community leaders, and allies in a historic show of solidarity at Grand Park to denounce LAUSD’s lack of movement, despite sitting on $4.9 billion in reserves. For almost a year, UTLA and SEIU have been at the…
The official trailer for the Little Richard biopic has been released and gives the audience a deeper look at the artist’s complicated struggle with his sexuality. “He was very, very good at liberating other people, he was not good at liberating himself.” LITTLE RICHARD: I AM EVERYTHING tells the story of the Black queer origins of rock n’ roll, exploding the whitewashed canon of American pop music to reveal the innovator – the originator – Richard Penniman. Through a wealth of archive and performance that brings us into Richard’s complicated inner world, the film unspools the icon’s life story with…