BOSTON – OneUnited Bank, the largest Black-owned bank and first and only Black-owned digital bank in the country, is proud to announce its OneTransaction Conference. The free state-of the art virtual financial conference is focused on closing the racial wealth gap and will be held on June 19, 2021 or Juneteenth, a holiday celebrating the emancipation of those who had been enslaved in the United States. Over 20,000 have already registered for the conference.
The conference will occur in six subject modules: homeownership, profitable business, wills, life insurance, savings/investments and improving credit score.
The All Star list of presenters include Emmy award-winning actress and author Tiffany Haddish and experts in business and personal finance, including Tiffany Aliche, The Budgetnista, New York Times best-selling author of “Get Good with Money”, Professor Mehrsa Baradaran, author of “The Color of Money: Black...
Supporting a Black-owned bank is one way to build a fairer America.
Since 1865, when President Abraham Lincoln established the Freedman's Bank, this country has grappled with providing financial access to millions of disenfranchised Americans. Into the void steps a small but influential group of Black-owned banks.
According to Kevin Cohee, Chairman and CEO of OneUnited Bank, the largest Black-owned bank in the U.S., Black-owned banks are designed to meet the financial needs of underserved communities. However, people of all races are welcome to take advantage of their unique services. For customers, it is a win/win situation.
Black-owned banks like OneUnited help create infrastructure and add value to the inner-city areas in which they are located. They also help customers build (or rebuild) their financial reputations and foster a greater sense of community pride. One of the most important goals of Black-owned banks is to help customers...
Many Black Americans on Tuesday participated in a one-day spending stoppage called Blackout Day. Not opening their wallet was part of a larger effort aimed at highlighting how the Black dollar powers the U.S. economy and how America would be a very different place if Black consumers aren't participating.
Black athletes and celebrities – including singer Rihanna, Cleveland Cavaliers center Tristan Thompson and rapper Cardi B – have used social media to bring wider attention to Blackout Day in recent weeks. Rapper T.I. said via Instagram that there should be "one day of solidarity in America when not one Black person in America spends a dollar."
The Blackout Day movement is in its infancy and it hasn't caught on with every Black American. Although some African-Americans didn't spend money on July 7, others instead patronized Black-owned businesses — and some likely ignored the call altogether. Either way, the day has its roots in trying to...
NATIONWIDE -- Tuesday, July 7, marks Blackout Day 2020, which is a social media campaign aimed at demonstrating just how powerful an economic force Black Americans are.
The campaign urges Black Americans not spend any money at all for the duration of Tuesday, but if they must they are encouraged to do so at Black-owned businesses only.
The campaign has been heavily promoted by activist Calvin Martyr and has been endorsed by celebrities including rapper T.I.
The ultimate goal of the campaign is to force business leaders and politicians to recognize and eliminate institutional racism.
LOS ANGELES, July 7, 2020 /PRNewswire/ -- The Blackout Coalition, in partnership with OneUnited Bank, is proud to announce the success of #BlackOutDay2020. Black America and its allies successfully demonstrated their understanding of how to use their spending power to create positive change in America. With over two million registering their support on social media, and millions more committed to the process, Black America and its allies are prepared to utilize their economic power to ensure corporations and governmental entities recognize and respect the political, social and economic rights of Black Americans.
Calvin Martyr, one of the founders of The Blackout Coalition, stated, "Black America and its allies can and will use our spending power to demonstrate that today is a new day in America. We believe in justice and equality for all Americans."
#BlackOutDay2020 started out as a big idea on social media and quickly caught fire, going from non-existence to...
Americans have plans to send a message at the checkout counter on Tuesday amid renewed calls for racial equality across the country.
Tuesday, July 7, has been designated Blackout Day, a call to action and “day of solidarity in America where not one Black person in America spends a dollar" outside of businesses owned by Black people, according to the movement's official website.
The initiative comes in the wake of protests against police brutality and renewed attention to the nation's decades-long racial wealth gap. As society has awakened to unfairness plaguing Black people in America, Black-owned businesses are getting showered with support in a loosely connected push for social and economic justice.
Reshauna Striggles, a protest leader in Arizona, told the Arizona Republic, part of the USA TODAY Network, that people can fight systemic racism by patronizing Black- and...