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GE Capital Retail Bank must shell out an estimated $225 million to consumers to settle government claims that it discriminated against Hispanic credit card customers and persuaded other card holders to buy add-on products that promised to cancel part of their debt if they became disabled, lost a job or suffered from another hardship, the Justice Department announced Thursday. “We will continue to take action against marketing tactics that trick consumers into buying credit card products they do not want or cannot use,” …
For the first time in U.S. Census Bureau history, white births are no longer a majority. In the year that ended last July, non-Hispanic whites accounted for just 49.6 percent of American births, while minorities””including Hispanics, blacks, Asians and those of mixed race””accounted for 50.4 percent. The demographic shift is playing out differently across the states; white births remain the majority in many areas. In others, however, there’s a growing gap between the ethnic and racial makeup of older and younger Americans.
The majority of Asian, African American and Hispanic retirees in the United States struggle to cover basic living expenses, according to new research from the non-profit Wider Opportunities for Women (WOW).
AARP sponsored a dynamite general session at the annual conference of the American Society on Aging. The session, “The Changing Face of America: Aging in our Multicultural Society,” featured Lorraine Cortes-Vazquez, AARP’s EVP of Multicultural Markets and Engagement, Jennie Chin Hansen, Pres. and CEO of American Geriatrics Society and Immediate Past Pres. of AARP, Fernando Torres-Gil, Assoc. Dean of CA Los Angeles School of Public Affairs and AARP Board member, and Maya Rockeymoore, Pres. and CEO of Global Policy Solutions. A …