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COVID-19 scams target Blacks, other people of color FTC report reveals new and continuing financial fraud

Just as the annual holiday season of shopping and celebrating nears, a major federal financial regulator released new research detailing how communities of color not only are targeted by well-known types of predatory lenders, but new forms of fraud seek to exploit consumers in the throes of the COVID-19 pandemic. Published by the Federal Trade Commission (FTC), Serving Communities of Color summarizes the agency’s five-year effort focused on the financial ills imposed upon communities of color. Since 2016, FTC filed more than 25 actions alleging conduct that either targeted or disproportionately impacted communities of color. Cases challenged unlawful practices by auto sellers, for-profit schools, money-making opportunities, student debt relief schemes, and more.

Posted in#NNPA BlackPress, Community, Economy, Featured, National, News, NNPA

FAMU Hosts USDA Event To Inform Black Farmers About American Rescue Plan Debt Relief Program

THE WESTSIDE GAZETTE – Across America, there are 16,000 eligible borrowers who owe $3.9 billion, Rainge said. This week, eligible borrowers should begin receiving letters from their local Farm Service Agency (FSA) officials saying how much they owe. Once farmers agree with the information, they should sign the form and return it.

Posted in#NNPA BlackPress, Black History, Business, Community, Featured, National, News, NNPA, NNPA Newswire, Politics, Stacy Brown

After a Century of Land Theft and Exclusion, Black Farmers Getting Needed Government Aid

NNPA NEWSWIRE — The Emergency Relief for Farmers of Color Act would provide $5 billion to America’s Black, Indigenous, Hispanic and farmers of color who have long struggled to keep their farms and ownership of their land in rural communities because of long-standing discrimination by the USDA and other government agencies, noted Senator Raphael Warnock (D-GA).

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