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Finances

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SEC accuses a former CEO of bilking churchgoers

theGrio
ATLANTA (AP) - A former businessman was accused Thursday in federal court of luring worshipers at mostly black churches into a phony scheme promising rock-solid investments
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4/9/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - There were several economic reports for investors to sift through last week. The manufacturing sector posted strong growth. New claims for jobless benefits fell and small business optimism improved to a 94.3 reading --its highest reading in a year...
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CREDIT CARD REFORM.  Under Obama, abusive credit card companies are no longer protected.  With the final set of provisions of the credit card reforms taking effect in 2010, the deceptive “fine print” of credit card agreements is no more.  Credit card users can opt out of certain terms.  Millions of consumers will have more time to pay their monthly bills, avoid retroactive interest rate increases, receive more notice of changes to credit card terms.  Predatory lending costs American borrowers $25 billion each year, and the poor, African-Americans and Latinos are particularly susceptible to fraudulent practices and higher interest rates.

BET joins the prepaid card bandwagon -- beware!

Ryan Mack
OPINION - The prepaid card is one that doesn't help anyone establish credit, costs far too much for those who have limited budgets...
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3/30/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - The markets are closed for Good Friday but investors await reports on jobs, the service sector and consumer credit...
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BET, NetSpend join to market prepaid payment card

theGrio
WASHINGTON (AP) - BET Networks is entering the exploding business of prepaid cards, partnering with an industry leader in hopes of reaching millions of black Americans who don't use banks...
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Obama outspends Republican campaigns by millions

theGrio
CHICAGO (AP) - President Obama has spent a small fortune in recent months to build and maintain a campaign operation that is larger, more diverse and more focused on November's general election than any of his opponents' organizations...
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Gov: Detroit '90 percent' close to consent deal

Jay Scott Smith
theGRIO REPORT - Michigan Gov. Rick Snyder held his first town hall meeting in Detroit and said that he has no desire to run Detroit...
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Winehouse family to get her $4.66 million fortune

theGrio
LONDON (AP) - Records show Amy Winehouse left an estate worth 2.94 million pounds ($4.66 million) after her death last year...
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Audit finds trouble at black sorority Alpha Kappa Alpha

theGrio
WASHINGTON (AP) - A financial audit of the nation's oldest black sorority found significant accounting problems including a secret set of books used by top officials to divert money...
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Report: Michael Vick close to financial freedom

theGrio
Philadelphia Eagles quarterback Michael Vick is reportedly 'one check away' from complete financial freedom...
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