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According to analysis by Lending Tree, Black borrowers are more than twice as likely to be denied credit than white Americans.According to the data, 57% of loan applications by Blacks making ,000 to 0,000 were rejected or approved for amounts lower than request, compared to just 22% for whites. Blacks making 0,000 or more annually had 31% of their applications rejected or approved for lower amounts than requested, compared to just 10% for whites.The analysis also found that Black Americans with college degrees experienced more debt. The study found that Black bachelor’s degree recipients had 20% more student loan debt than whites with bachelor’s degrees."It's encouraging that Americans are having these conversations more openly and with more vigor and purpose,” Tendayi Kapfidze, chief economist at LendingTree, said. “Highlighting these racial disparities shows that systemic issues have held back generations of our fellow citizens. It is ultimately to the detriment of everyone as the economy is deprived of our best efforts by denying opportunities to many capable people. The creation of these disparities was and is often government-sanctioned and enforced, and so they should be addressed via legislative remedies in addition to societal change."Compounding the challenges for Blacks to obtain lending, the data showed that the median net worth of Black families is one-tenth of those of white families.Lending Tree said it used 2018 Bureau of Labor Statistics data, 2020 Economic Policy Institute report, various Federal Reserve data, 2020 Federal Reserve Bank of St. Louis data, 2017 National Center for Education Statistics report, 2020 Pew Research Center report and U.S. Census Bureau to conduct its analysis.To read the full study, click here. 1783
A young boy who was abandoned at a Goodwill drop-off in Mississippi is now with Child Protective Services and police have at least one suspect in custody.Southaven police posted on social media Monday about the boy, who they believe is about 2 years old. They told WREG he had a change of clothes, some food and a note written on a paper towel that read, “child abandoned … no phone number for mom.”Southaven is just south of Memphis across the Mississippi border.The boy was unable to give his name or the names of any parents or relatives to officers, and they posted to social media asking the public for help identifying any relative or possible suspects.Later Monday afternoon, police said they received numerous tips in addition to surveillance video."Southaven Police received numerous tips, and with the assistance of F.B.I. offices in both Mississippi, and Tennessee, along with the Shelby County Sheriff’s Department a suspect related to this case was taken into custody in Memphis at approximately 15:30 hours. At this time the investigation is still on going, no suspect information or charges are being released," they posted on Facebook. “Chief Moore would like to thank all of the citizens who showed concern for the child, rest assured he is well, and being taken care of and will be re-united with family when CPS determines this is proper,” police added later on Facebook. 1398
After months of turmoil and speculation, the popular subscription-based movie ticketing service MoviePass appears to be on its last legs.Subscriptions boomed when MoviePass introduced a flat rate of .95 last summer. But majority owner Helios and Matheson Analytics warned in April that it needed more funding, and the stock won't stop falling.Now MoviePass is raising prices and cutting access to blockbuster movies.So what's next for the service and how will this affect its subscribers? Here's what we know so far. 526
Adidas has voluntarily recalled kids’ swimwear products of the Infinitex 3-Stripe range due to the stripes coming off and them possibly leading to injuries.According to the company, they have received customer reports that the three stripes on the swimwear might come off unexpectedly when in contact with water, which pose a potential safety risk to children as the stripes might get caught on objects or other children outside or inside the water and become entangled, potentially leading to injuries. No injuries have been reported to date. The swimwear, worn by children up to and including the age of 14, were sold as part of the 2017 and 2018 collections in both, youth and adult sizes through adidas.com, Adidas retail stores and at authorized Adidas dealers globally. The affected swimwear products come in several color combinations, has the Adidas 3-stripes trademark grafted on both sides of the swimwear and has the words 'made in Tunisia' on the label. Additionally, one of the following serial numbers is printed on the inside of the products: 1115
A woman was thrown from a vehicle on I-10 south of Eloy, Arizona. According to the Arizona Department of Public Safety, troopers responded to a crash on eastbound Interstate 10 near Picacho, just after 11:30 p.m. on Sunday. Troopers received 911 calls about the incident, and one caller told DPS a woman was thrown from a vehicle. When troopers arrived on the scene they found a woman in her twenties who had been killed. The body was found on the right shoulder. The victim has not been identified. According to DPS, the suspect was traveling in a white Volkswagen sedan. No other suspect description has been given. The eastbound lanes of Interstate 10 were closed near Eloy for about seven hours, but have since reopened. 784