Black-Owned Banks to Compete Online
By Andrea Gregory
In a deep baritone voice, Kevin Cohee, chairman and CEO of Boston-based OneUnited Bank, began inviting radio listeners to join OneUnited last month. OneUnited calls the pitch its Dignified Invitation Campaign, which is intended to attract new consumers now that the bank has added a virtual bank to reach beyond the four cities in which it has physical branches.
New Predatory Lending Study Backs Case for State Controls
By Andrea Gregory
Although predatory lending costs American consumers an estimated $9 billion per year, nearly half of U.S. states have no safeguards in place to stop abusive lending practices. However, according to a new study, laws designed to protect consumers against predatory lending are making a difference in states that have enacted such legislation without limiting access to credit.
|
