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Neon Money Club creates a dating app based on credit scores

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While there are some advantages to discussing your funds before marriage, because it is usually cited as a leading reason behind divorce, your credit rating is a flawed measure of your financial health.


Score, a dating app launched by financial platform Neon Money Club, is aimed only at individuals with good or excellent credit, which, based on its founders, is meant to spark a discussion about finance. As we informed, the concept for the applying was initially born in 2023 at

In a press release, CEO Luke Bailey explained what led them to take an unconventional approach to cross-selling access to the applying to credit scores.

“A good financial situation often takes a back seat. Our mission at Neon Money Club is to instill financial awareness into the fabric of everyday life. To achieve this, we need to take the conversation to places where it is not usually discussed. Neon Money Club’s ‘Score’ is our first serious attempt at achieving this goal,” Bailey said.

“Score aims to elevate the conversation about financial health, which has remained stagnant for decades.”

While there are some advantages to discussing your funds before marriage, because it is usually cited as a leading reason behind divorce, your credit rating is a flawed measure of your financial health. Like most things in America, its application is usually biased against Black people. According to , Black and Latino people often have lower credit scores, and this can’t be separated from quite a few reports showing that blacks and Latinos have less real wealth than white Americans. Race is probably not consistently included on credit reports, however the aspects that influence credit scores often work against Black people.

Jay Moon, CEO of Credit Sesame, said that “while the credit system was designed to be blind, this data shows that Black and Latino Americans are being unfairly excluded from the system.”

Moon continued: “Creating equal credit opportunities is a critical first step toward eliminating racial disparities in our society. Whether it’s creating products specifically for these underserved groups or providing more ways to access credit and resources, the important thing is to make progress.”

To its credit, the app allows individuals who have been denied based on their creditworthiness to enhance their scores by sending them resources designed to enhance their financial knowledge and construct creditworthiness using Grow Credit. The app also doesn’t strictly limit users to tiers based on their credit scores; if a user has a credit rating of 640, they’ll still match a user with a credit rating of 800.

In addition, the credit rating is obtained through a soft check that doesn’t affect the user’s creditworthiness. According to Bailey, their use of credit scores is more aspirational than class-based, indicating that one can have a high income but a low credit rating. Bailey briefly described the method, saying, “Then these individuals are referred back to us to qualify for our products. Awareness must be raised in regards to the doors that will be opened with a good credit history.

But despite these concerns, Jackie Liao, CPO of Neon Money Club, says more activities are on the horizon to spark discussion about financial health.

“SCORE is just one of many implementations we are doing to ensure financial health because the table itself is boring and outdated,” Liao said.

“We start with love and we’re in good company. A recent Federal Reserve study found that “people with high credit scores are more likely to form committed relationships.”

With the launch of Neon Money Club in 2021, the corporate became the primary Black-owned technology company to launch a credit card with American Express. This card, the Cream Card, allows cardholders to convert their credit card points into money value, which they’ll then use to speculate within the stock market, operating similarly to a Stash debit card that applies to each purchase or investment made.


This article was originally published on : www.blackenterprise.com
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Is Your City a Sunset City? This Interactive Map Will Tell You –

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Tougaloo College’s interactive map permits you to explore cities and communities across the United States, and discover in the event that they are considered sunset cities.


Some interactive map from Tougaloo College means that you can study cities and communities within the United States and discover in the event that they are considered sunset cities.

According to Britannicasunset in US history is a city that excluded people of color, most frequently African Americans, when the sun went down. The way people enforced these “rules” ranged from collective violence similar to public lynchings, discriminatory laws, and discrimination in open housing.

The map is inspired by a database introduced by the late historian and sociologist James W. Loewen. He is the writer of the classic bestseller. Tougaloo’s History and Social Justice section has included what describes as “the only cities in the world with a twilight register.”

“Sunset Town isn’t just a place where something racist happened,” researchers write on the database’s website. “It’s an entire community (and even a county) that was intentionally ‘all white’ for decades.”

The researchers add that “All white” is in quotation marks because some towns historically “allowed one black family to remain while expelling the rest.” They also indicate that some sunset towns also barred Chinese, Jews, Mexicans, Native Americans, and in some cases, Mormons.

How to read a map

For the interactive map, users should hover over a state to see an alphabetical list. The map key consists of six colours used as dots to discover cities which are definitely, probably, possibly, or unlikely to be sunset cities.

Black dots indicate black cities or municipalities. Places on the interactive map with a red flag indicate places of special importance.

On at first glance, the Midwest and The Plains region seems to have more dots indicating definite, probable, and possible sunset cities. The map shows that there just isn’t a single state in America that doesn’t have a suspected sunset city.

As for black cities and towns, the ten listed are Pembroke and Brooklyn, Illinois. Expose, Mound Bayou, New Africa, Renova, and Winstonville, all in Mississippi. Maryville, South Carolina; Martinsville, Indiana; and North Amityville, New York.


This article was originally published on : www.blackenterprise.com
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Adam Neumann’s Flow Startup Launches Co-Living Community in Saudi Arabia

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Flow, Adam Neumann’s co-living startup, has opened a 238-apartment complex in the Saudi capital of Riyadh, Forbes has some details. The opening included an Aztec-style hot chocolate ceremony and bags reading “holy s— I live.” Rent for furnished units starts at $3,500 a month and includes hotel services like laundry and housekeeping, in addition to amenities like swimming pools, coed gyms (unusual in Saudi Arabia) and bowling alleys. Flow is constructing three other properties with almost 1,000 apartments in Riyadh.

The company’s first, less luxurious properties opened in April in Fort Lauderdale and Miami.

Flow raised $350 million from Andreessen Horowitz in 2022. The funding raised questions given the troubled history of Neumann’s previous startup, WeWork. Once valued at $47 billion, WeWork filed for bankruptcy protection last yr and was eventually acquired by Yardi, an actual estate group, for $450 million.

This article was originally published on : techcrunch.com
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Elon Musk Threatened with SEC Sanctions for Failure to Appear in Court

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Elon Musk threatened with SEC sanctions for failing to appear in court

Elon Musk, CEO of X and other firms whose names include the letter “X,” found himself in the crosshairs of regulators after he failed to testify this month as a part of an investigation into Musk’s acquisition of Twitter.

In a document filed today, the U.S. Securities and Exchange Commission (SEC) said it intends to impose sanctions on Musk after he missed a court-ordered hearing in Los Angeles Superior Court on September 10. According to the document, Musk didn’t notify the SEC that he wouldn’t appear for the hearing until three hours before the hearing was set to begin.

“The court must make clear that Musk must stop his games and delaying tactics,” the letter reads.

According to the documents, Musk spent September 10 overseeing the launch of Polaris Dawn, a spacecraft manufactured by his space exploration company, SpaceX.

SEC counsel proposed rescheduling Musk’s hearing for the following day, September 11. However, Musk’s lawyer declined, agreeing only to an October hearing.

The SEC is searching for “significant contingent relief” if Musk fails to appear in court in October. The agency has also indicated it plans to file a motion for sanctions against Musk to get well travel expenses for the canceled testimony and other relief. (In the lawsuit, the SEC said it spent “thousands of dollars” to fly three attorneys to Los Angeles for the Sept. 10 hearing.)

Musk’s court-ordered appearance stems from an SEC investigation into whether the billionaire acted lawfully in disclosing his Twitter stock purchases ahead of his $44 billion acquisition of the corporate in 2022. The investigation can also be looking into whether Musk’s statements in regards to the transactions were misleading; the SEC alleges that Musk waited at the least 10 days too long to disclose that he was buying Twitter stock.

The investigation is the second time Musk has found himself under the SEC’s gun in recent years. In 2018, the agency ordered Musk to step down as Tesla CEO and pay $40 million for tweets about Tesla stock that the SEC found amounted to market manipulation. At the time, Musk called the fraud allegations “unjustified.”

The Securities and Exchange Commission (SEC) also investigated Musk and Tesla over claims about Tesla’s vehicles’ ability to achieve “full autonomous driving” in addition to Tesla’s use of company funds to construct a “glass house” for Musk.

The full text of the appliance will be read below.

JOINT STATEMENT ON THE R… By SP-TechCrunch

This article was originally published on : techcrunch.com
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