Financial Markets - Observer News Group

California Study: Most Black Women Voters Are Financially Insecure

by Stefi Mar | Aug 15, 2023 | Bakersfield, Financial Markets, Front Page, Los Angeles, Valleys, Voting, Women | 0

A study released last week by the California Black Women’s Collective Empowerment Institute (CBWCEI) presents a grim picture of the financial stability of Black women voters in the state.

Conservative Group Files Lawsuit Against Venture Capital Fund That Offers Help to Black Women-Owned Businesses

by Stefi Mar | Aug 8, 2023 | Bakersfield, Financial Markets, Front Page, Tech, Women | 0

With the white sheets removed, the hoods now off, and the dog whistles as overt as they were during Jim Crow and the struggle for civil rights in the mid-20th century, a conservative group that spearheaded the Supreme Court’s overturning of affirmative action now has set its sights on Black women. 

Ranking Member Waters Urges Fortune 100 Financial Services CEOs to Remain Committed to Diversity and Inclusion Efforts Despite Republican Threats

by Stefi Mar | Aug 8, 2023 | Congress, Financial Markets, Local, Los Angeles, Maxine Waters, Valleys | 0

Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the CEOs of the nation’s Fortune 100 financial services companies urging them to continue their diversity and inclusion practices, particularly following threats from Republican Attorneys General pressuring them to divest from these practices, which Congresswoman Waters slammed them for in a recently released statement

Feds: Bank of America Violated Consumer Protection Rules By Double Charging Customers

by Stefi Mar | Jul 18, 2023 | Bakersfield, Business, Financial Markets, Los Angeles, Valleys | 0

Federal authorities announced on Tuesday, July 11, that Bank of America violated numerous consumer financial protection rules by double-charging customers, not distributing credit card rewards, and creating fraudulent accounts

IRS Admits Targeting Black Taxpayers For Audits

by Stefi Mar | May 17, 2023 | Bakersfield, Economy, Features, Financial Markets, Los Angeles, Valleys | 0

IRS Commissioner Daniel Werfel has acknowledged what many have known for some time: Black taxpayers face an IRS audit exponentially more than other groups.

Ranking Member Waters Urges First Citizens Bank to Support Housing for Vulnerable California Communities by Honoring Silicon Valley Bank’s Community Benefits Plan

by James Luckey | May 17, 2023 | Financial Markets, Congress, Los Angeles, Maxine Waters | 0

FollowFollowFollow California Study: Most Black Women Voters Are Financially Insecure This letter...

IRS Creating Software to ‘Shake up’ Tax Prep Business

by Stefi Mar | May 16, 2023 | Bakersfield, Financial Markets, Los Angeles, Valleys, World & Nation | 0

Three current and former Internal Revenue Service employees say that the IRS has quietly built a prototype system to let Americans file their tax returns digitally and for free.

Financial Illiteracy Is Hurting California Students

by Stefi Mar | Apr 25, 2023 | Bakersfield, Featured, Financial Markets, Los Angeles, Valleys | 0

Financial illiteracy is harming California’s students.

As Deadline to File Income Taxes Approaches, African Americans Still Face Systemic Challenges

by Stefi Mar | Apr 11, 2023 | Featured, African Americans, Bakersfield, Financial Markets, Los Angeles, Valleys | 0

As the April 18 deadline to file 2022 income taxes arrives, many African Americans share their experiences with the Internal Revenue Service (IRS).

A Stanford collaboration with the Department of the Treasury Admits Black Taxpayers are Targeted for Audit More than Others

by Jovi | Feb 21, 2023 | Economy, Featured, Features, Financial Markets | 0

According to Stanford RegLab, Black taxpayers receive IRS audit notices at least 2.9 times more frequently than non-Black taxpayers and possibly as much as 4.7 times more often.

Waters Announces Update to December Committee Schedule

by News Observer | Dec 6, 2022 | Financial Markets, Local, Los Angeles, Maxine Waters, Valleys | 0

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the following update to the schedule for the month of December: