Last week, Wells Fargo Bank agreed to pay $185 million in fines and refund customers some $2.5 million. Why? Mellody: It’s pretty straightforward. Some employees at Wells Fargo were caught illegally signing customers up for products – credit cards, deposit accounts, other items – that they had not requested. According to Wells Fargo, the […]

Tom: This morning you join us to talk about overdraft charges. Mellody: I do, because this is a very big issue many people are confronted with every…

Tom: You join us this morning with a very interesting topic today – the unbanked. Mellody: It is an interesting subject, tom, even if it sounds…

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Whether it’s saving for the holidays, a major purchase or for emergencies, use this simple guide to help you capitalize on these savings and keep more money in your pocket.

Today In history we celebrate one of the most iconic TV shows of all time.  It has been 24 Years today that the first episode of the Fresh Prince of Bel Air was shown! Now this is a story All about how. . . you can finish the rest later.  Right now we want you […]

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Despite plans from the banking industry to add more than one million jobs between now and 2020 and data revealing that Blacks are obtaining more…

One of us could wake up Wednesday and be in a different tax bracket. Tuesday night’s  Mega Millions jackpot is a whopping $636 million dollars! We all have a list of things we would love to do with the winnings, but here are some of the most important things to do: 1. Sign the ticket. Sign […]

Carver Federal Savings Bank, the largest Black-run bank in the U.S. is the latest bank to be bailed out. Carver Federal Savings received a $55 million cash rescue from key investors including Citigroup, Goldman Sachs, Morgan Stanley. See also: Bank Of America Website Issues Continue “This represents a significant shift from community ownership to corporate,” said […]

WASHINGTON (AP) — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards. Rep. Peter Welch, D-Vt., and four other Democrats said Thursday that they’ve asked Attorney General Eric Holder to see if big banks […]

While everyday Americans suffer in these tough economic times, big banks, largely responsible for the crisis with their “too big to fail” power, enjoy record high profits. In a grassroots effort to get back at these institution, communications firm Fearless Revolution has created a step-by-step guide to leaving your big bank and joining a credit union. Fearless Revolution […]

BE FRIENDS WITH FIRST LADY ON FACEBOOK OR FOLLOW HER ON TWITTER Hooray!!!! GOD IS BACK IN THE BUILDING AND ONLINE!!!!! It appears that some folks at a bank in Perkins Oklahoma didn’t want any religious symbols in their workplace, after all they work in a bank. Hmmm, let me see, doesn’t ALL the money  […]

Since the 19th Century, African-American-owned banks have played a vital role in the economic development of our communities. Between 1888 and 1934, there were more than 130 U.S. banks owned by African-Americans, which is believed to have been the force behind the explosion of African-American businesses, which grew from 4,000 in 1867 to approximately 50,000 […]