The American Dream Series - Banking While Black

"For as long as banks and black people have interacted in America, the relationship has been marred by discrimination, failure, and misfortunes", said Jennifer Tescher, CEO of the Financial Health Network, a nonprofit.

Today on the MiddleMen Talk Show we will be discussing Banking while Black.
What are the benefits of banking while black? How can we protect ourselves against discrimination in banking? How long should a person establish a relationship with a bank before seeking other services such as loans, lines of credit, etc.? What are the suggested type of accounts should you put your money in to maximize your money at banks? Examples: CDs, money market, high yield accounts, online saving, etc. Are CDs still a good investment? What are some less known products that banks can offer that the general public doesn't know about? Define secure credit cards and unsecured credit cards. What are the benefits of getting your child an account, savings, etc? What are some services available for college students and college graduates that can benefit them? Can leaving a bank with an overdrawn account affect your chances of having an account at a later date? Will this reflect on you when you try to open an account with another bank? How can an independent company start a business credit line with banks?  

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