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The coronavirus pandemic and the renewed focus on systemic economic inequality in our country are bringing new attention and support to community-based nonprofit lenders.Community development financial institutions, or CDFIs, focus on rural, low-income and minority communities.Around 300 CDFIs made more than billion in Paycheck Protection Program loans to help small businesses, many of which had been left out previously.By comparison, JPMorgan Chase, which is nine times the size of the entire CDFI industry, made only four times the amount of PPP loans.“Many CDFIs we are in many ways like small businesses, we didn't come into this situation strong in terms of our capital,” said Luz Urrutia, CEO of Opportunity Fund. “Now more than ever, during the rebuilding, we've got to have the balance sheet strength because we are supporting these low-income communities, small businesses and communities of color.”Opportunity Fund is one of those CDFIs. It's been raising millions of dollars since March, specifically to help minority, immigrant and women-owned businesses.Serena Williams and MacKenzie Scott have both donated recently. But there are questions about how long all the support these nonprofit lenders have been getting will last.“What I would say for the minority-owned businesses right now, timing is perfect and when timing is perfect, you need to strike while the iron is hot,” said Maurice Brewster, CEO of Mosaic Global Transportation. “And right now, there's a lot of support, a lot of ground swelling with dealing with small and minority-owned businesses.”Maurice Brewster’s business received loan payment deferral from Opportunity Fund during the pandemic. His advice for other minority-owned businesses: if you can, have a relationship with a lender way before you need the money.He says education is also going to be key for minority-owned businesses going forward.That financial coaching is something opportunity fund is pushing for too, along with more money from congress to support CDFIs. 2026

The Daily Mail released leaked footage of the fatal Memorial Day arrest of George Floyd, who died while in the custody of Minneapolis Police.The Daily Mail did not indicate how it received the leaked body worn camera videos of the arrest. Prosecutors told CNN they are working to find the source of the leak. Several media outlets have sued prosecutors in order to gain access to the body-worn camera footage from the officers."The prosecution team is not the source of the leak. We will continue to take the strictest precautions to ensure a fair trial," Minnesota Attorney General Keith Ellison said.The Daily Mail said the footage was taken from the body cameras of Thomas Lane and Alex Kueng. Lane and Kueng along with Derek Chauvin and Tou Thao were fired as officers and criminally charged for Floyd’s death. Chauvin is facing the most serious charges, which include second-degree murder. The other three former officers are being charged with aiding and abetting a second degree murder. Chauvin was the officer that held a knee to Floyd’s neck for several minutes, leading to his death.The footage shows officers pointing weapons at Floyd in order to get him to exit his vehicle and put up his hands. The video then shows Floyd pleading with officers not to shoot him.“I'm not going to shoot you,” Lane says.The footage showed Floyd in an apparent struggle with officers as officers repeatedly asked Floyd to sit.As Chauvin laid on Floyd’s neck, Floyd could be heard telling officers, “Tell my kids I love them. I'm dead.”To view the full video, click here. 1572

The Chardon (Ohio) Fire Department is investigating a school bus that was on fire overnight in the district's bus lot.Shortly after 5 a.m. on Thursday, an employee arrived at 355 Maple Avenue, where the bus lot is located, and noticed a bus had been burned in a fire. As a precaution, the fire department extinguished any hot spots. Authorities are still investigating the cause of the fire, but they said they believe it was set intentionally.A few other buses were parked nearby the burned bus, but they appeared unscathed.   575

The COVID-19 pandemic is raising more questions about what jobs prison inmates should do and how much the inmates should be paid.Prison labor isn't unusual, but relying on it amid the spread of the virus has sparked concern among activists.In particular, activists are concerned that inmates have been recruited to help move bodies into mobile morgues in El Paso County, Texas. Refrigerated trucks were set up after a spike in deaths led to overcrowding in local morgues."We think it's OK to put (inmates) in these risky situations, while at the same time denying them access to testing and medical care and free phone calls with their families," said Krish Gundu, the co-founder and executive director of the Texas Jail Project.The El Paso County Sheriff's Office says the work is completely voluntary and that inmates are being paid an hour for the work.In New York, Gov. Andrew Cuomo has used state prison labor to produce hand sanitizer. Those prisoners were paid well below an hour for thier work."Is this what you would pay an essential worker who would be doing the job if you didn't have an inmate to do the job, right?" Gundu said. "I mean, why the difference?"According to the prison policy initiative, the average pay for inmates across the country ranges from The devastation brought about by this hurricane season creates a new set of headaches for President Donald Trump and an already overwhelmed Congress -- and underscores the urgent need to resolve the financial crisis that had battered Puerto Rico and the US Virgin Islands before the recent storms and floods arrived.The President and Congress can no longer ignore their duty to rescue millions of Americans living in our tropical territories. The standard range of the Federal Emergency Management Agency and other disaster recovery programs will cover a good chunk of the storm damage, but the need for financial rebuilding is every bit as necessary as the new homes, roads and power grid the islands need. 730.14 an hour to .41 an hour, depending on the nature of the job.El Paso County has requested that Texas National Guard mobilize to assist with the growing COVID-19 crisis. If and when that happens, the sheriff says he will stop recruiting inmates to help move bodies. 1556

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