Loans For Women – Web Eclair Fri, 01 Jul 2022 04:08:27 +0000 en-US hourly 1 Loans For Women – Web Eclair 32 32 Champions Funding’s non-QM solutions enable brokers to meet the unique needs of borrowers Fri, 01 Jul 2022 04:08:27 +0000

Faced with a housing market in transition, mortgage lenders are scrambling to provide access to finance to a growing population of non-traditional borrowers. As these borrowers begin to represent a significant portion of overall housing demand, brokers and LOs want to partner with wholesale lenders who know how to serve this emerging customer base.

As demand for alternative lending is expected to grow, Champions Funding enables its brokerage partners to meet the diverse needs of borrowers by delivering solution-focused results in the non-QM space. Brokers who partner with Champions Funding enjoy exceptional support from a team that truly cares about their business goals.

“Our robust programs are backed by our exceptional underwriting and client relations team who offer one-on-one support,” said Natalie Verrette, President and COO of Champions Funding. “When brokers are put on hold, their business is on hold. Our goal is to reduce underwriting clutter and friction to get brokers and their borrowers on the road to a “yes” faster. »

Champion funding also helps put brokers on a path to serve the historically underserved. The company understands that today’s homebuyer doesn’t necessarily fit into a traditional agency credit box, allowing it to create solutions that meet the needs of an ever-changing borrower population. .

“Expanding access to funding beyond the limits of traditional lending with our unique CDFI lending options, while simultaneously providing our partners with the benefit of streamlined execution, is exactly the type of innovation needed in the marketplace. current to help deliver a top-notch customer experience. in the non-QM space,” explained Kimberley Torres, Executive Vice President of Sales at Champion Funding.

As one of the few lenders to hold a Community Development Financial Institution (CDFI) designation, Champions Funding fosters growth in some of the nation’s most struggling communities. Using the company’s flagship program, Ally, brokers can tap into a trillion-dollar market backed by the U.S. Department of the Treasury while reaching creditworthy borrowers whose communities have been historically underserved.

“We are seeing a boom in these community-driven loans, which propels our mission to serve the underserved,” explained Evan Stone, co-founder and CEO of Champions Funding.

Serving the underserved isn’t the only way Champions Funding differentiates itself from other wholesale lenders. Along with its end-to-end user experience and non-QM lending innovation, the company has a diverse and predominantly female-led team.

“We are proud to be one of the few lenders where the majority of the management team are women,” said Verrette. “We are staffing our team with highly motivated and talented mortgage professionals who may have been overlooked.”

Additionally, Champions Funding debunks the myth that non-QM loans are laborious and slow by providing personalized support and fast closings. In another example of their commitment to empowerment, the company’s top HERO brokerage platform is named exactly for what it’s designed for: Helping Empower a Real Opportunity.

As the mortgage industry is set to face new challenges as the housing market continues to change, Champions Funding is poised to be at the forefront of what’s to come.

Evan M. Stone: co-founder and CEO

Evan Stone draws on decades of success in the mortgage industry as former Founder/CEO of Pacific Union Financial, owner of ClearVision Funding and newly acquired Community Savings Bank to strategically lead the new lender champions of wholesale non-QM certified CDFI and Mission Focused Funding.


Natalie Verrette: President and Chief Operating Officer

Natalie Verrette brings to Champions a wealth of experience in growing all areas of mortgage origination, operations and fulfillment for large-scale mortgage lenders, where she is committed to serving the underserved.


Kimberley Torres: Executive Vice President of Sales

Kimberley Torres brings over 20 years of experience in the mortgage industry where she is focused on delivering the ultimate customer experience and is responsible for the strategic direction, vision, growth and performance of Champions sales organization.

Share of female borrowers in bank loans declines slightly Wed, 29 Jun 2022 01:32:04 +0000 The share of female borrowers in total outstanding individual loans in the banking sector decreased slightly to 22.54% in FY2022 from 22.65% the previous year. However, women‘s total credit outstanding increased by 13.92% from Rs 10.27 lakh crore to Rs 11.70 lakh crore in March 2022, according to the latest data from the Reserve Bank of India.

According to the RBI, up to Rs 6.64 lakh crore of female loans were personal loans while housing loans accounted for Rs 3.80 lakh crore. The total number of female borrower credit accounts was 9.12 crore compared to 8.66 crore last year. The outstanding amount of female borrowers in agricultural credit was Rs 3.28 lakh crore in accounts of 4.28 crore and Rs 33,350 crore in industry.

Most banks offer women a discount on home loans which are considered a safe credit route by bankers.

On the other hand, male borrowers had an outstanding loan balance of Rs 40.20 lakh crore through accounts of 17.47 crore in March 2022, an increase of 14.62% from the previous year. Total outstanding individual loans including male and female borrowers increased to Rs 51.90 lakh crore in accounts of 26.59 crore in FY22 from Rs 45.34 lakh crore in FY2022 in accounts of 24.26 crore, the RBI said.

As many as Rs 12.87 crore of outstanding male borrowers were in home loans through 80.36 lakh accounts while Rs 26.12 lakh crore outstanding were in personal loans.

The RBI said the household sector accounts for more than half of total bank credit, indicating the high indebtedness of this segment. Lending to the household sector remained robust and its share in total credit stood at 53.8% in March 2022. Total household credit rose to Rs 63.93 lakh crore from 28.40 crore accounts in March 2022 against Rs 56.43 lakh crore loans in 26.30 crore accounts of the previous year.

The central bank said bank credit growth (year-on-year), which stood at 5.1% in March 2021, has increased in successive quarters of 2021-22 to double digits by March. 2022. Metropolitan branches led the credit expansion and accounted for 54.5% of additional credit in 2021-22, while lending from rural, semi-urban and urban bank branches also recorded double-digit annual growth.

Working capital loan growth accelerated in successive quarters of 2021-22 to reach 7.1% in March 2022. The weighted average lending rate (WALR) on outstanding loans decreased by 42 basis points (bps) in 2021-22 and by 24 bps in the quarter ended March 2022, the RBI said.

The personal loan market is booming around the world – Designer Women Mon, 27 Jun 2022 11:07:37 +0000

Proposal personal loan market The report will encompass all qualitative and quantitative aspects including market size, market estimates, growth rates and forecasts and hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements, and competitive landscape along with various micro and macro factors influencing the dynamics of the Personal Loans market.

The personal loan market the sample report includes exclusive analysis of the COVID-19 pandemic on the market space under consideration. The sample represents the format of the overall study which is designed to clarify the structure of the personal loans report and some data points demonstrated with the aim of giving insight into the quality of the study.

Moreover, the personal loan market A comprehensive research study is designed due to the fact that each segment is assessed individually and then collated to form the entire Personal Loans market, the study can be customized to meet your exact requirements.

Request sample pages from this study at

The structure of the personal loan market report can be categorized into the following sections:

  • Division 1: Personal Loans Report Scope and Research Methodology
  • Division 2: Key points to remember for personal loans
  • Division 3: Personal Loans Market variables and their impact on growth and analytical tools providing high-level insights into market dynamics and growth pattern
  • Section 4: Personal Loans Market Estimates and Forecasts (with base year 2021, historical information from 2015 and 2020 and forecast from 2022 to 2030). Regional and country level estimates and forecasts for each category which are summarized to form the global personal loans market.
  • Clause 5: Competitive landscape of personal loans. Attributes such as strategic framework, competitor categorization are included to provide elaborate details about Personal Loans market structure and strategic engagements along with their impact.

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Leading/Emerging Players in the Personal Loans Market The research includes:

LightStream, SoFi, Citizens Bank, Marcus, FreedomPlus, Payoff, OneMain Financial, Avant, Prosper, Lending Club, Best Egg, Earnest, Payoff, Earnin

Segment by Type– Less than 5000 USD– 5000-50000 USD– Over 50000 USDSegment by Application– Less than 1 year– 1-3 years– Over years

The personal loan market Company profiles are represented individually for all major participants and indices such as financial performance, strategic initiatives, product portfolio and company overview.

Company presentation:

The personal loans company overview provides information about the location of the company where it is headquartered along with the year established, headcount of employees as of 2022, regions where the company operates and main areas of activity.

Financial performance of personal loans:

The overall Personal Loans company/segment revenues for the years 2021, 2020 and 2019 are provided in the Personal Loans (Publicly Traded Companies) subheading with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss in any strategic personal lending business unit (SBU) and others.

Comparative analysis of personal loan products:

The product benchmarking includes the complete list of products pertaining to the respective personal loans market along with the application and key features.

Strategic initiatives:

Personal loan information regarding new product launch, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market are covered in the strategic initiatives section.

Order a copy of this personal loan research study at

The personal loan market The research study is designed keeping in mind all the major countries. While all of these countries and their personal loan market trends have been taken into consideration while composing it, detailed sections are only available for spearheads. In case you are interested in specific countries that are not covered by the current scope, please share the list and we can customize the study according to the geographical scope you have defined.

About Us is a global provider of market research and advisory services specializing in offering a wide range of business solutions to its clients, including market research reports, primary and secondary research, demand forecasting services, focus group analytics and other services. We understand how important data is in today’s competitive environment and so we have partnered with industry leading research providers who are constantly working to meet the ever-increasing demand for research reports. market throughout the year.

Contact us:

Carl Allison (Business Development Manager)

Tiensestraat 32/0302,3000 Leuven, Belgium.

Market reports

phone: +44 141 628 5998



Analysis of the global personal loan market from 2022 to 2031 – Designer Women Sat, 25 Jun 2022 10:27:39 +0000

Focusing on the global personal loan market and the general market expansion and trends for 2022-2030, reports on the main elements and current market trends. There is a projected income for personal loans over the period 2022-2030 (2022 is used as the starting point and 2030 as the projection period). Additionally, the study provides the average growth rate (CAGR) for the projected period.

A comprehensive review of the global expansion of personal loans has been conducted based on a unique study approach. These techniques help analysts cohesively present their findings by combining secondary information.


Key Players Covered in the Global Personal Loans Market Report:

Avant, Marcus, Best Egg, Citizens Bank, Payoff, Prosper, LightStream, Payoff, OneMain Financial, Lending Club, FreedomPlus, Earnin, Earnest, SoFi

The segments covered in the report are:

The most important types of personal loan products covered in this report are: Less than 5000 USD 5000-50000 USD Above 50000 USD The most widely used downstream areas of the personal loan market covered in this report are: Less than 1 year1 -3 yearsMore than 3 years

Company social media stats, regulatory filings, and investor presentations are some of the credible personal loan study sources cited by professionals. Also included are state publications and administrative databases, including industry professional documents in national market research for the study of personal loans.

Personal loan research is based on important industry regions including

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

South America (Brazil, Argentina, Colombia and rest of South America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)


For a better understanding of its positioning as a brand, key market players have been identified and specified. In this report, prominent market players discuss reputation as a business, technology trends, financial status and SWOT analysis.

Free Personal Loan Report Customization:

This report can be customized to meet customer requirements. Please contact our sales team (, who will ensure that you get a report tailored to your needs. You can also get in touch with our executives to share your research needs.

About Us is a global provider of market research and advisory services specializing in offering a wide range of business solutions to its clients, including market research reports, primary and secondary research, demand forecasting services, focus group analytics and other services. We understand how important data is in today’s competitive environment and so we have partnered with industry leading research providers who are constantly working to meet the ever-increasing demand for research reports. market throughout the year.

Contact us:

Carl Allison (Business Development Manager)

Tiensestraat 32/0302,3000 Leuven, Belgium.

Market reports

phone: +44 141 628 5998



Nearly 80 years later, GI Bill is helping close the homeownership gap for veterans and military Wed, 22 Jun 2022 21:40:00 +0000

COLUMBIA, Mo., June 22, 2022 /PRNewswire/ — Nearly 80 years ago, the GI Bill promised to help economically disadvantaged veterans become homeowners. Today, the same program is delivering on its original promise of helping close the homeownership gap for female veterans and veterans of color.

For veterans and service members, the VA home loan benefit opens the doors to homeownership like never before, according to the recent Veterans United Home Loans report. The Department of Veterans Affairs (VA) has backed over 25 million home loans, expanding home ownership since 1944.

The Army’s demographics have changed dramatically since the program’s inception. For perspective, in 1945 the Army population was 7.4% African American and Black, 0.48% Asian American and Pacific Islander, 0.42 % Hispanics and Latinos and 3% women, according to the National WWII Museum.

Today, the military population is 13.4% African American and Black, 2.3% Asian American and Pacific Islander, 8.02% Hispanic and Latinos and 10.9 percent women, according to the VA.

“Military Service and the VA Home Loan Program are creating transformational and generational change for female veterans and veterans of color,” said Chris BirkVice President of Mortgage Insights at Veterans United Home Loans, the nation’s largest VA purchase lender. “In many ways, these veterans and service members increasingly represent the future of this historic advantage.”

Overall, the prospects for veteran and military homeownership will change by 2048 with the following changes:

  • The Hispanic and Latino population is expected to make up more than 16% of the total veteran population.
    A study by the Urban Institute predicted that 70% of new homeowners between 2020 and 2040 will be Hispanic and Latino. The homeownership rate is more than 18 percentage points higher for Hispanic and Latino veterans than their civilian counterparts.
  • The African American and Black population is expected to make up approximately 15% of the total veteran population.
    African Americans own homes about 17 percentage points more than their civilian counterparts. VA loan usage for this demographic increased 23% from 2018 to 2021.
  • By 2048, Asian Americans and Pacific Islanders (AAPI) are expected to make up 5% of the veteran population, up from 0.42%.
    AAPI veterans have higher ownership rates than their civilian counterparts at around 13 percentage points. Education and household income contribute significantly to the growth of the AAPI population. By 2048, their veteran population is expected to increase by 45%.
  • Female Veterans will represent approximately 18% of the total Veteran population.
    Over the past decade, female veterans made up about 11% of veterans and military members who use their VA home loan. It is expected that more female veterans will be homeowners as the population is expected to increase.

The VA Home Loan Advantage helps break down barriers such as down payments, lack of private mortgage insurance, access to the lowest average rates in the industry, and flexible credit guidelines, especially for women and people of color. While these key demographics remain the most impacted by these barriers, this program continues to level the playing field for homeownership.

About Veterans United Home Loans
Situated at Columbia, Missourithe national full-service lender has funded more than $29.9 billion in loans in 2021 and is the nation’s largest VA purchase lender according to Department of Veterans Affairs Lender Statistics. The company’s mission is to help veterans and service members enjoy the home loan benefits earned through their service. The company’s employee-led charitable arm, the Veterans United Foundation, is committed to improving the lives of veterans and military families nationwide by focusing on supporting military families and organizations. nonprofits that strengthen local communities. Veterans United Home Loans and its employees have donated more than $100 million to the Foundation since its creation in November 2011. Learn more at | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, Missouri 65203 | NMLS ID #1907 ( A VA approved lender; Not endorsed or sponsored by the Department of Veterans Affairs or any other government agency. Equal Opportunity Lender. Mortgage Research Center, LLC.

SOURCE United Veterans Home Loans

T30 Capital forms partnership with Blueprint Capital Advisors to scale CRE lending platform Tue, 21 Jun 2022 14:00:00 +0000

NEW YORK–(BUSINESS WIRE)–T30 Capital LLC (“T30”) announced today that it has formed a strategic partnership with Blueprint Capital Advisors LLC (“Blueprint”) to grow its commercial real estate lending business and increase its social impact. Blueprint is a $1.4 billion registered investment adviser focused on alternative credit funds and direct investments. T30 is a vertically integrated multi-strategy institutional real estate trading and investment platform.

T30 and Blueprint will identify and execute $5 million to $50 million in senior construction and bridge loans for a range of property types – including multi-family, mixed-use, hotel and industrial – along the Northeast Corridor and will commit to “open the procurement door” to increase lending to Minority and Women-Owned Business (“MWBE”) sponsors. T30 and Blueprint will leverage their collective investment experience and deep network of industry relationships to scale T30’s lending capability and provide borrowing opportunities to MWBE sponsors, who have traditionally encountered financing problems in the commercial real estate sector. Together, they will seek to expand the pipeline of lending opportunities from $750 million to $2.5 billion.

Margaret Grossman, Managing Partner and President of T30, said, “Blueprint is renowned for supporting access to capital and growth for MWBE sponsors, and we are delighted to partner with a team whose values ​​align with ours. We anticipate that the net result of our combined efforts will be access to a large volume of niche and differentiated trade flow that offers attractive yield and strong downside protection.

Jacob Walthour Jr., President and CEO of Blueprint, added, “We are thrilled to establish this relationship with T30 at this pivotal time in their evolution. Together, we will create compelling opportunities for investors while providing MWBE-led real estate projects with access to capital and accelerating the growth of T30’s lending platform. There is a triple bottom line in this business, and we look forward to a long-term partnership. »

A woman-led company, T30 is comprised of a multidisciplinary team of real estate underwriting, legal and structured finance professionals who have 50 years of combined experience in developing creative loan structures and adding value through a operational and strategic assistance to borrowers. T30’s debt platform, formerly known as Fort Amsterdam Capital (“FAC”), is led by the firm’s managing partners, Ms. Grossman, David Schwartz and Jeremy Salzberg, who through FAC and of the company’s predecessor affiliate, have deployed approximately $1.5 billion of capital through more than 250 real estate transactions across debt and equity, including 40 credit transactions through previous FAC Funds I and II.

Mr. Schwartz concluded, “We have worked thoughtfully and strategically to grow our team, our expertise and our platform so that we are better positioned to take advantage of opportunities as they arise in the market. We see a compelling opportunity to build on our core competencies in middle market CRE direct lending, particularly today in light of the recent volatility in equity and fixed income markets, and we are delighted to partner with Blueprint to grow our footprint.

About T30 Capital LLC

T30 Capital is a vertically integrated, multi-strategy institutional real estate investment and trading platform led by Managing Partners David Schwartz, Margaret Grossman and Jeremy Salzberg. Since 2009, T30 and its predecessor entities have deployed approximately $1.5 billion of capital through more than 250 debt and equity transactions on behalf of its institutional and high net worth investors. For more information, visit:

About Blueprint Capital Advisors LLC

Blueprint Capital Advisors LLC is an independent, privately held alternative investment firm focused on sourcing and managing funds and direct investments in private credit and other alternative lending strategies, including niche direct lending, specialist finance, royalties and advances, real asset related investments and distressed debt strategies. The firm is registered with the Securities and Exchange Commission and advises on $1.4 billion in assets. For more information, please visit:

Government-backed child care loans are not a solution to a crisis | child care Sun, 19 Jun 2022 16:22:00 +0000

As Justine Roberts says, there is a crisis in the accessibility and availability of good quality childcare in the UK (I asked Boris Johnson about the childcare crisis. His response? “More Tumble Tots,” June 14). But his suggestion that a government-backed childcare loan system would solve the financial dilemmas they face would be laughable if it weren’t so bad, especially after the lessons that should have been learned about the system. student loans.

Child care loans will not solve this problem for parents, many of whom struggle to provide their children with adequate food, clothing, shoes and heating while at home.

But this misses the point, which is that all children are entitled to at least the basics of a decent life as they grow up. We all know and understand the research that shows that children’s physical, emotional, social and educational needs must be met for them to have a good chance of positive and healthy outcomes later in life. It’s not rocket science, we know it’s true.

Quality childcare that is free and accessible to all should be the ultimate goal. In the meantime, childcare services, properly subsidized by the tax system, should be introduced. The costs could be supplemented by payments from parents who work full time and have sufficient income. If it can work in other countries like Finland, why can’t we make it work here? It is not a luxury or a choice, it is an urgent necessity for our children, our society and all our futures.
Deborah Kaplinsky

Laura Bates is quite right to point out the extraordinary difficulty that many women face when childcare costs rise, and their pay does not rise (Childcare costs force British women to stop working. It doesn’t have to be, June 15).

However, it’s not just women who choose to stay home with their preschoolers. My husband was happy to sacrifice his economic security to be a stay-at-home dad. And back when flexible working was in its infancy, it carved out a second career, albeit one that paid less than my job. During this time, I found it a heavy responsibility to be the primary breadwinner in the family and there were times when I felt like I was missing out. There are gains and losses on both sides that are not purely economic.

There is undoubtedly a long-term financial hit when it comes to occupational pensions, which needs to be discussed between parents early on to ensure mutual longer-term financial security. Maybe employers should contribute something too, because parents with a partner at home won’t need to disrupt their employer’s business when it comes to sick children.
Yvonne Williams
Ryde, Isle of Wight

Do you have an opinion on anything you read in the Guardian today? Please E-mail us your letter and it will be considered for publication.

]]> Three questions for the near future of the labor market Fri, 17 Jun 2022 19:48:37 +0000

Over the past two months, the U.S. economy has created a total of 826,000 jobs, according to the latest figures from the Bureau of Labor Statistics (BLS) for May and upwardly revised figures for April. Over the same period, overall unemployment stood at 3.6%. Black unemployment is still nearly double (at 5.9% in April and 6.2% in May), but the black labor force participation rate has increased, as has the total number of black workers currently employed .

Despite strong job gains, inflation hit a lowA peak of 8.6% in 41 years, and households are reeling from relentless increases in the price of gas, rent and food. June Preliminary Consumer Sentiment Indexfell 8 points from May, to 50.2—the lowest rate since the 1980 recession, indicating that households are deeply concerned about their financial situation.

In this blog, we highlight three key economic concerns for the summer, including women leaving the labor force, economic contraction wiping out job gains for black workers, and increased risk of food insecurity.

Will there be more women than usual leaving the workforce this summer?

In the past three months, 465,000 women aged 20 and over have entered the labor market. In May alone, 397,000 women entered the workforce, 44% of whom were black. This influx of women into the workforce is helping to regain jobs lost during the pandemic, but labor force participation rates for women, including white, black, Latino, or Hispanic women, are still below employment levels. before the pandemic.

Despite the trend towards the resumption of female employment, research by the National Women’s Law Center found that almost a third of the jobs women have regained since the start of the pandemic are in the leisure and hospitality sector – a finding consistent with our preliminary analysis of recent job creations. These jobs are low paying, have unstable hours and are vulnerable to economic downturns.

Additionally, women’s labor force participation typically drops each summer as school closures cause many mothers to reduce their hours or quit their jobs. A recent post found an average summer decline of 1.1% in the employment-to-population ratio among prime-age women. This decline is pronounced among mothers of school-aged children who do not have access to affordable or reliable child care. The ongoing pandemic will likely continue to exacerbate this cyclical trend, consistent with our previous researchincluding our recent survey data revealing that childcare issues and rigid work schedules continue to plague working women.

Will economic worries erase the gains of black workers?

Soaring inflation prompted the Federal Reserve to adopt an increase in interest rates of 75 points at its June meeting to regain investor confidence. If the Fed follows the recommendation of some commentators to induce an 1980s-style recession through a series of steep interest rate hikes to curb consumer spending and stabilize prices, black workers will be hit hardest by corporate downsizing, just as they did so in 1983, when the unemployment rate reached 20% for black men and 16.7% for black women.

But even if the Fed remains a stabilizing force for the broader economy, the market itself might not remain calm. Major companies such as Redfin, Twitter and Coinbase have canceled job offerswhile several leading technology companies like Robinhood and Netflix have announced layoffs as a cost reduction strategy. But if industry leaders and investors view this as a broader signal and panic based on negative sentiments about the current economy, it could create a ripple effect of fear across sectors and lead to layoffs and a recession.

Another worrying indicator is that the BLS’s broader measure of labor market weakness, the U-6 unemployment rate, rose to 7.1% in Maydriven by frictional unemployment and 295,000 increase in part-time workers. This coincided with the shedding of the retail sector 51,700 jobs. Large retailers noted that household spending cuts left them inflated stocks; for example, The target cut earnings expectations twice in a month and surprised investors with a sell-off campaign aimed at cutting inventory. This is a leading indicator that the sector will shed additional jobs. Additionally, big-box retail chains, including Amazon, have hired more workers than normally needed to avoid hiring delays and disruptions from the COVID-19 disease in a tight labor market. But the CEO of Walmart recently explained that this strategy has led to overstaffing problems— suggesting that even without spending cuts, job cuts will continue.

All of this bodes ill for black workers, especially black men. Over the past three months, black men have gained 56,000 jobs, and their current activity rate of 68.9% is now higher than it was before the pandemic. While some of these job gains reflect a slight increase in the number of black men entering the workforce, most represent men who were previously in the workforce and have now been rehired. As shown in Figure 2, black men did not benefit from the labor market recovery until it ended.

Black men are re-entering the workforce

Even a slight economic contraction could jeopardize these recent job gains for black workers, especially workers crammed into cyclical, low-wage sectors like retail. The current job market – in which there are more job openings than job seekers – has pushed companies to tap into black talent they would otherwise overlook due to discrimination. But if the labor market weakens, additional black workers will be less likely to be hired, and newly hired black workers will be among the first to be laid off during layoffs.

Will the depletion of savings and the end of the school year worsen food insecurity?

As household savings quickly deplete due to inflation, the risk of food insecurity is increased. In April, the personal savings rate of Americans hit a low of 4.4% (compared to 33.8% in April 2020 and 12.6% in April 2021). At the same time, according to Federal Reserve Board Consumer Credit Report, revolving debt (such as credit card debt) grew at an annualized rate of 19.6%, while non-revolving debt (such as auto loans and mortgages) grew at a slower rate by 7.1%. Globally household debt has increased at an annual rate of 8.3% in the first quarter of 2022. Taken together, these metrics suggest that inflation is making it harder for families to maintain current levels of consumption while saving money, even as they face significantly lower savings to pay for necessities.

It is likely that without advanced child tax credit payments or some other form of income stimulus, many low-income families will face a difficult summer. Low-income parents are caught in an impending storm of precarious retail jobs, overrepresentation in part-time jobs and a weakened childcare economy. This is especially true for families with school-aged children who received free meals during the school year.

Even a ‘soft landing’ poses economic risks

Over the past few months, Federal Reserve Chairman Jerome Powell has told reporters that he believes the Federal Reserve can engineer a “soft landing”— in other words, curb inflation without throwing the economy into freefall. But even if the Fed can achieve this, it will not fully address the three concerns we have identified in this article.

Beyond the Fed’s monetary policy actions, we need strong fiscal policies such as stronger unemployment insurance and a new monthly child tax credit to ensure no one falls through the cracks. Ultimately, meeting food and housing needs will require a collaborative effort from the federal government, states, philanthropy and local community organizations to support vulnerable families in the months ahead.

Innovation leader John Shen joins President Biden as the bill is signed at the White House Tue, 14 Jun 2022 21:55:00 +0000

WASHINGTON–(BUSINESS WIRE)–National Business Leader John Shen attended the official signing of the law on the potential establishment of a National Museum of American History and Culture in Asia-Pacific at the White House on Monday, 13 Junee. At the invitation of President Biden, Shen and his colleague Stella Zhang participated in the historic recognition of the contributions and challenges faced by the Asian American, Hawaiian, and Pacific Islander (AANHPI) community in the United States.

Shen, a living example of the American dream itself, immigrated to the United States and has since brought in hundreds of millions of dollars through foreign direct investment while reinvesting that wealth in American entrepreneurs.

Simon Pang, long-time partner, executive at the Royal Business Bank and member of the President’s Advisory Committee on AANHPI, said: “This bill brings us closer to the creation of a national museum dedicated to the preservation of the history and culture of the AANHPI community. I am delighted to have been able to share this important moment with industry leaders like John Shen. His story is the story of the American Dream, and John’s ability to harness it for the benefit of all Americans is an example to all.

Over the past 15 years, Shen has founded several companies, created hundreds of jobs in various industries across the country, fostered the innovative ecosystem through venture capital and the creation of the Long Beach Accelerator, partnered to educational institutions to promote greater diversity in start-ups. culture and beyond. Her interest in minority and women-owned businesses is a common thread in Shen’s professional successes.

Shen’s current suite of businesses includes a wide range of business models, including:

  • American Lending Center, a non-bank community lender focused on facilitating EB-5, PPP, and government-backed lending programs.

  • Sunstone Management, a private equity and venture capital firm that prioritizes fair and accessible investments in start-ups for the next generation of entrepreneurs.

  • Sunstone Trust Company, a wealth management services firm specializing in serving first and second generation immigrants and one of California’s eight licensed trust companies.

  • Partake Collective, an innovative combination of ghost kitchen, test kitchen, food hall and retail market.

Shen commented, “I am honored to be at the White House at the invitation of President Biden to celebrate our culture at a time when many in our community are facing challenges. This bill is a demonstration of our national commitment to recognizing the contributions of the AANHPI community of which I am so proud to be a member.

About Sunstone Management: Fastest growing US company according to the Financial Times (FT)

Sunstone Management, together with the Sunstone Venture Capital Fund, is a diversified private equity management and investment firm providing comprehensive wealth management solutions to high net worth clients worldwide. Sunstone proactively forges both public-private partnerships with government agencies and industry-academia partnerships with nonprofit educational organizations to promote economic development, championing the growth of the local innovative ecosystem. Sunstone also excels in leading commercial development projects in emerging sectors to support community development and to facilitate economic recovery under COVID-19.

About the American Lending Center: Fastest growing US company according to the Financial Times (FT)

American Lending Center (ALC) is a private, non-bank lending institution and a nationally recognized leader in small business lending. Between 2009 and 2020, ALC offered strategically structured senior loan products to more than 80 qualified SBA 504 projects in 19 states, contributing to a combined construction and business expansion budget of over $1 billion. ALC’s lending practice has successfully created over 12,000 new jobs nationwide. As one of the few non-bank institutions designated to provide immediate financial assistance to struggling small businesses, ALC has provided PPP loans to nearly 30,000 small businesses in all 50 states and Washington, DC.

Chapter BC PEO will hold a huge multi-family garage sale on June 25 in support of women’s education Sat, 11 Jun 2022 03:18:52 +0000


Chapter BC, Los Alamos-based PEO will be hosting a huge multi-family yard sale from 8 a.m. to noon on Saturday, June 25, at 1660 and 1646 Camino Uva on North Mesa in Los Alamos.

Proceeds from their fine quality items (not junk) will support PEO’s philanthropies focused on providing scholarships, grants, awards, loans and running Cottey College for women to pursue their studies.

In the spring of 2022, Chapter BC was able to help a local woman with young children obtain a $2,600 scholarship to help her complete her bachelor’s degree. Additionally, the AK Chapter, PEO at Los Alamos worked with her to land a $3,000 grant to further her education.

PEO, a philanthropic educational organization, has been celebrating women who have helped women reach for the stars for over 150 years. Since its founding in 1869, the nonprofit organization has helped more than 119,000 women pursue educational goals by providing more than $398 million in grants, scholarships, awards and loans.

The Sisterhood also owns and supports Cottey College. Through her membership, the PEO Sisterhood has united more than half a million women in the United States and Canada who are passionate about helping women advance through education, while supporting and motivating them. In addition to educational philanthropies, the PEO Sisterhood provides a framework of support and community for all members.

What began as a friendship between seven women in Mount Pleasant, Iowa, is now one of the oldest women’s organizations in North America with nearly 6,000 chapters. To learn more about PEO, its powerful educational philanthropies, and to see stories of women who have benefited from the programs, visit

Join them at the following sites:

To note: PEO chapters support the educational and charitable funds of the PEO Sisterhood but are not classified as a charity by the IRS. Therefore, donations to individual chapters, including in the form of purchases of goods and services, do not meet the IRS requirements for a charitable income tax deduction. PEO will not be responsible for any goods and services provided by third-party vendors or public institutions.