As businesses and destinations begin to reopen from the pandemic shutdown, consumers will likely see more places going cashless. Chase Field in downtown Phoenix, home of the Arizona Diamondbacks, will reopen to its full capacity later this month. When the…
New research is exposing how — with little oversight or accountability — lenders prioritized PPP loan applications from businesses with prior lending relationships or personal connections to bank executives in the early stages of the program.
A steady stream of media reports detailing the deaths of unarmed Black Americans at the hands of police. False 911 calls aimed at bringing harm to African Americans engaged in innocuous, everyday activities. Street protests calling for an end to discrimination and police brutality. As racial tensions swirled this summer, so did calls on social media for those who support the social justice movement for African American civil rights to amplify Black voices and support Black businesses.
Minority-owned banks offer a valuable function in providing equitable support to minority communities and small-businesses. While they receive some government benefits, they also receive criticism for the support and a perception they’re “risky.” Is that criticism founded? Research analyzes actual outputs and inputs.